Next-gens to take up top spots in Indian family business

The next generation of the Hiranandani family, which controls the eponymous construction company in India, is reportedly taking up top positions at the family business.

Second-generation Darshan, currently managing director, will head up the group’s energy operations, according to Indian newspaper Mint.

His cousin Neha, who handles real estate projects in Chennai, Bangalore and Hyderabad, will now also take over the business’s operations in Mumbai, said the report. When contacted, a spokesperson for the company was unavailable to comment.

Both Darshan and Neha are respectively the children of the co-founders of Hiranandani, Niranjan and Surendra.

Besides building residential and commercial properties, the group, founded in 1978 by the two brothers, also operates in the energy, hospitality and leisure industries.

With revenues of more than €100 million, Mumbai-based Hiranandani is India’s largest privately-owned real estate developer. It is famous for constructing 23 Marina in Dubai, one of the city’s tallest residential buildings.