Not Karisma Kapoor, his children, sister or Priya Sachdev, this person will now offically take over Sunjay Kapur's Rs 30000 crore business empire, name is…
After Sunjay Kapur's untimely demise, this person has been appointed as the new chairperson of Sona Comstar. His name is...
By Onam Gupta
Advertisement
Not Karisma Kapoor, his children, sister or Priya Sachdev, this person will now offically take over Sunjay Kapur's Rs 30000 crore business empire, name is...
Sona BLW Precision Forgings Ltd, popularly known as Sona Comstar has appointed Jeffrey Mark Overly as the new chairperson after Sunjay Kapur's untimely demise. The official announcement was made on June 23, during company's stock exchange filing.
Kapur suffered a heart attack while he was in the middle of a polo match. He passed away at the age of 53.
Advertisement ===
Sona BLW shared, 'The Board of Directors of the Company appointed Mr. Jeffrey Mark Overly, as the Chairperson of the Board of Directors of the Company. Jeffrey Mark Overly, is an Independent Director of the Company, since 12th February, 2021 and his re-appointment as the Independent Director is approved by the Board in their meeting held on 30th April, 2025, for the second term of 5 consecutive years, i.e. till 11th February, 2031, which is subject to approval of shareholder in the ensuing AGM of the company.' Founded in 1995, Sona Comstar is headquartered in Gurgaon, India and expanded in USA, Serbia, Mexico, and China. As of June 22, 2025, the company's worth is reported to be Rs 30000 crore. It is a leading automotive technology firm, responsible for manufacturing and R&D operations.
Who is Jeffrey Mark Overly?
Jeffrey Mark Overly has been serving as an independent director at Sona Comstar for nearly 5 years now. He has now been appointed to the role of a chairperson. He has a record of attending all board and committee meetings, contributing significantly to company's important decisions, despite working in a different time zone.
Advertisement ===
Jeffrey has earned a Bachelor of Science degree in Industrial Management from the University of Cincinnati and a Master's degree in Business from Central Michigan University. With over 43 years of operational experience, he was previously hired as an Operating Partner in the Corporate Private Equity Group, based in New York.
Before working in Blackstone, he was a vice-president of Global Fixture Operations at Kohler Company, where he overlooked the entire supply chain functions. For over 25 years, he also served in engineering and senior operations at General Motors Corporation and Delphi Corporation.
About Sunjay Kapur
Sunjay Kapur passed away on June 12 in England at 53. His final rites took place at the Lodhi Road Cremation Ground, Delhi. He was the ex-husband of actress Karisma Kapoor and had a daughter and a son with her. He was currently married to Priya Sachdev and had a son with her too.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
14 minutes ago
- India.com
Amid bad news for ICICI, HDFC Bank customers, SBI makes big announcement, set to affect many customers due to….
On the occasion of Independence Day, the State Bank of India (SBI) has reduced interest rates on home and car loans. The new rates came into effect on August 15, 2025. A 0.05% cut in the Marginal Cost of Funds Based Lending Rate (MCLR) will result in lower EMIs, bringing relief to borrowers. SBI's Reduces Interest Rates on Home Loan, Car Loan SBI said this will benefit customers with floating-rate loans. For them, EMIs could go down or their loan repayment tenure can also be shortened. Those planning to take a new home or car loan will also benefit from lower interest rates starting August 15, 2025. The cut will benefit borrowers with floating-rate home loans, where interest rates fluctuate over time. For new borrowers, this is an ideal time to take a loan as interest rates are lower, resulting in reduced EMIs and easier repayment. Car loan applicants will also gain from this rate cut. SBI Launches Special Loan Scheme For Agniveers State Bank of India on Thursday announced the launch of a special personal loan scheme for Agniveers under the Government of India's short-term Agnipath recruitment programme on the occasion of the 79th Independence Day. Under this loan scheme, Agniveers with a salary account at SBI can avail loans up to Rs 4 lakh without any collateral and with a complete waiver of processing fee, the bank said in a statement. The repayment tenure will align with the term of the Agnipath scheme, offering maximum flexibility and convenience to our nation's brave hearts transitioning from civilian life, it said. In addition to this, the bank is offering the lowest interest rate of flat 10.50 per cent to all defence personnel till September 30, 2025, it said. (With Inputs From PTI)
&w=3840&q=100)
Business Standard
14 minutes ago
- Business Standard
Muthoot Finance to inject ₹200 crore into home loan arm for growth
Gold loan firm Muthoot Finance plans to infuse Rs 200 crore into its housing finance subsidiary, Muthoot Homefin, for growth, said George Alexander Muthoot, MD and CEO of Muthoot Finance, in a telephonic interaction with Business Standard. Currently, the assets under management (AUM) of the home loan arm stand at Rs 3,096 crore in Q1 FY26, up from Rs 2,199 crore in Q1 FY25, registering a growth of 41 per cent. Muthoot also said that Belstar – the microfinance arm – will be diversified, as the Reserve Bank of India (RBI) reduced the qualifying assets criteria for microfinance institutions to 60 per cent. Belstar has also added 10 gold loan branches to diversify its loan book. Although collections and recoveries in the microfinance sector have returned to normal levels, a risk-based scoring model has been introduced as a new control measure to improve the quality of lending and to contain stress in the sector. "Earlier, [micro] loans were given left, right, and centre. Now, it is more responsible, and the focus is on giving loans to new customers," he added. Belstar's micro loan portfolio has decreased to Rs 7,500 crore in June 2025, from Rs 10,000 crore in April.
Time of India
14 minutes ago
- Time of India
India building commercial silicon fab with 50,000 per month wafer production capacity: Union minister Ashwini Vaishnaw
Academy Empower your mind, elevate your skills India is building a commercial-scale silicon-based fabrication facility (fab) that will churn out 50,000 wafer starts per month, even as such fabs usually operate at 20,000-40,000 wafer starts per month, electronics and information technology (IT) minister Ashwini Vaishnaw said on minister was referring to the Rs 91,000 crore fab being built by Tata Electronics in Gujarat's Dholera, which was approved in February last semiconductor manufacturing, a wafer is a thin, circular slice of a crystalline semiconductor material, most commonly silicon, upon which integrated circuits are fabricated."Six semiconductor units, one fab and five Assembly, Testing, Marking, and Packaging units, are at different stages of planning, construction and execution. Four more (one silicon carbide fab and three ATMP including the most advanced packaging unit) were approved last week. The entire ecosystem - design, fabrication, packaging, equipment, chemicals, gases - taking shape in Bharat," Vaishnaw said in a post on social media platform of the largest equipment manufacturers—Applied Materials and Lam Research—are setting up their design, production, and validation facilities in the country, he comments came after Prime Minister Narendra Modi said in his Independence Day speech that while the first proposal to set up a semiconductor factory in India got killed 60 years back, the country will finally get semiconductor chips that are 'Made in India' and 'Made by Indians' before the year is on the PM's statement, Vaishnaw said semiconductor industry pioneer Robert Noyce had come to India to set up a plant in 1964, but the erstwhile Permit Raj implemented by the ruling Congress Party back then did not allow him to. Royce then moved to Hong Kong and founded global tech major Intel Corporation , Vaishnaw claimed in his "the Mayor of Silicon Valley," Robert Noyce was an American physicist and entrepreneur who co-founded Fairchild Semiconductor in 1957 and Intel Corporation in 1968. Fairchild Semiconductor was a pioneer in the manufacturing of transistors and of integrated circuits, while Intel created the world's first commercial microprocessor chip—the Intel 4004—in 1971. Both companies were founded and incorporated in minister also pointed out that Intel had once again tried to set up a semiconductor unit in India in 2005-06. "Once again, it was not allowed because of the policy paralysis of the UPA regime," Vaishnaw said, questioning Congress General Secretary and Member of Parliament Jairam Ramesh on it. Earlier in the day, Ramesh had posted on X that the Semiconductors Complex Ltd (SCL) was established in Chandigarh during the Congress regime, starting operations in Vaishnaw argued that despite being established so many years back, SCL, Mohali, continues to work at just a lab scale.
