Torrent group rolls out succession plan; Aman Mehta joins pharma unit board

Last year, Aman had told Business Standard that they were still quite flexible to take up roles within the organisation

The Rs 22,500-crore Torrent group has rolled out its succession plan with Aman Mehta, son of Torrent Power and Torrent Pharma chairman Samir Mehta, being appointed director on the board of the pharma company from August 1.

Sources say that similar succession plans are afoot at Torrent Power where the third generation from the promoter family would be inducted into the board soon.

Uttambhai Nathalal Mehta, a medical representative with Sandoz in the 1940s, started Torrent Pharma in 1959. It is now led by his two sons Sudhir and Samir Mehta. Torrent group had diversified into the power business around