Latest news with #JeffreyMarkOverly
India.com
27-06-2025
- Business
- India.com
THIS Man Will Now Lead Sunjay Kapur's Rs 30,000 Crore Empire— Not Karishma Kapoor,Priya Sachdev, His Children Or Sister
photoDetails english 2923131 After the sudden passing of industrialist Sunjay Kapur, Sona Comstar—the Rs 30,000 crore automotive tech company he led—has named a new chairperson. Surprisingly, it's not his ex-wife Karisma Kapoor, his current wife Priya Sachdev, or any of his children or family members. The company has officially appointed Jeffrey Mark Overly, an Independent Director since 2021, as the new Chairperson. Updated:Jun 27, 2025, 04:22 PM IST Sunjay Kapur's Sudden Death 1 / 8 Sunjay Kapur, Chairman of Sona BLW Precision Forgings Ltd—popularly known as Sona Comstar—passed away on June 12 while playing a polo match in England. The 53-year-old industrialist reportedly suffered a heart attack during the game. His untimely death left behind a huge leadership gap in the company he built and nurtured. The final rites were performed at the Lodhi Road cremation ground in Delhi. Who Will Lead Now? 2 / 8 With Sunjay's sudden passing, speculation grew around who would now take over the reins of his ₹30,000 crore empire. Many expected a family member—perhaps his ex-wife Karisma Kapoor, his sister, his current wife Priya Sachdev, or even one of his children—to step in. But Sona Comstar took a different route and handed over leadership to someone else entirely. Company Announces Jeffrey Mark Overly as New Chairperson 3 / 8 On June 23, Sona Comstar made an official announcement through a stock exchange filing. It stated, 'The Board of Directors of the Company appointed Mr. Jeffrey Mark Overly as the Chairperson of the Board of Directors of the Company.' Jeffrey had been serving as an Independent Director on the board since February 12, 2021. His re-appointment for a second five-year term (till February 11, 2031) was approved by the board in April and awaits shareholder approval. A Leader with Global Experience & Trusted Insight 4 / 8 Jeffrey Mark Overly wasn't just a silent member of the board—he played an active role in guiding Sona Comstar's decisions. Despite working from a different time zone, he attended all board and committee meetings and contributed meaningfully to key discussions. His consistent involvement and deep understanding of the company's vision made him the natural choice to step into the chairman's role. Who is Jeffrey Mark Overly? 5 / 8 Jeffrey brings with him over four decades of global operational experience. He earned a Bachelor of Science in Industrial Management from the University of Cincinnati and a Master's degree in Business from Central Michigan University. Professionally, he served as an Operating Partner in Blackstone's Corporate Private Equity Group in New York. Before that, he was Vice President of Global Fixture Operations at Kohler Company and held senior roles in engineering and operations at General Motors and Delphi Corporation for over 25 years. About Sona Comstar – A Global Auto-Tech Powerhouse 6 / 8 Sona BLW Precision Forgings Ltd (Sona Comstar), founded in 1995, is headquartered in Gurugram and has a global presence with operations in the USA, Mexico, Serbia, and China. As of June 22, 2025, the company is valued at around ₹30,000 crore. Known for its innovation in the auto-tech sector, Sona Comstar specializes in manufacturing and R&D for electric mobility and precision components. Company to Continue Sunjay Kapur's Vision 7 / 8 Despite Sunjay's absence, the company remains committed to his long-term vision. Under Jeffrey Overly's leadership, Sona Comstar aims to continue its focus on expanding in electric vehicle components and other cutting-edge technologies. The appointment reflects a commitment to stable, experienced leadership during this transition phase. A Legacy Beyond Business 8 / 8 Sunjay Kapur's legacy isn't limited to boardrooms. He was widely known as the ex-husband of Bollywood actress Karisma Kapoor, with whom he shared two children. He later married Priya Sachdev and had a son with her. Even with his high-profile personal life, Sunjay chose to remain a private individual in his business affairs—quietly building one of India's most valuable automotive technology companies. His passing marks the end of an era, but his legacy will now continue through professional stewardship. (Images credit: englandgifmeme/X, @sbajpai2811/X, @Enter_tainment9, @shilpa_cn/X)
India.com
26-06-2025
- Automotive
- India.com
After Sanjay Kapur's death, company takes BIG decision, starts preparations to double revenue in Japan and…, appoints new…
Auto parts manufacturer Sona Comstar plans to diversify its operations after rising geopolitical tensions in the West and wants to double its revenue share from markets like Japan, China, and India to 50%. To reduce risks associated with Western geopolitical tensions, Sona Comstar is strategically diversifying its operations, targeting a 50:50 revenue split between Eastern and Western markets. The company is focused on doubling its revenue from markets like Japan, China, and India. Sona Comstar Appointed New Chairperson Auto component company Sona Comstar on Monday appointed Jeffrey Mark Overly as the new Chairperson, days after the untimely demise of Sunjay Kapur. Jeffrey Mark Overly, is an Independent Director of the Company, since February 12, 2021 and his re-appointment as the Independent Director is approved by the Board in their meeting held on April 30, 2025, for the second term of 5 consecutive years, till 11th February, 2031, which is subject to approval of shareholder in the ensuing AGM of the Company. 'Overly has been on the board of the Company for almost 5 years now and has an excellent attendance record all (100 per cent) the Board and Committees meetings held during his tenure, contributing significantly to the deliberations and decision making of the Board and its committees, despite being in a different time zone,' the company informed stock exchanges. Sunjay Kapur As Chairman Emeritus Further, in recognition of his unparalleled contributions and enduring impact, the Board of Directors unanimously designated Late Sunjay Kapur as Chairman Emeritus of the Company. The Board of Directors, on the recommendation of the Nomination and Remuneration Committee (NRC), also approved the appointment of Priya Sachdev Kapur — Sunjay Kapur's wife — as an Additional Non-Executive Director of the Company, subject to approval of the shareholders of the Company. The Board expressed grief over the untimely passing of Sunjay Kapur, Non Executive Chairman. 'The visionary leadership, unwavering commitment and exemplary guidance of Mr Kapur has left an indelible mark on the Board and Company. Throughout his tenure, Mr Kapur was instrumental in steering the Company through significant milestones. His strategic insights and ethical values served as the foundation of corporate governance and set the course for sustained growth and innovation for the Company,' the company noted. (With Inputs From ANI)
India.com
26-06-2025
- Automotive
- India.com
After Sanjay Kapur's death, company takes BIG decision, starts preparations to double…, appoints new…
Auto parts manufacturer Sona Comstar plans to diversify its operations after rising geopolitical tensions in the West and wants to double its revenue share from markets like Japan, China, and India to 50%. To reduce risks associated with Western geopolitical tensions, Sona Comstar is strategically diversifying its operations, targeting a 50:50 revenue split between Eastern and Western markets. The company is focused on doubling its revenue from markets like Japan, China, and India. Sona Comstar Appointed New Chairperson Auto component company Sona Comstar on Monday appointed Jeffrey Mark Overly as the new Chairperson, days after the untimely demise of Sunjay Kapur. Jeffrey Mark Overly, is an Independent Director of the Company, since February 12, 2021 and his re-appointment as the Independent Director is approved by the Board in their meeting held on April 30, 2025, for the second term of 5 consecutive years, till 11th February, 2031, which is subject to approval of shareholder in the ensuing AGM of the Company. 'Overly has been on the board of the Company for almost 5 years now and has an excellent attendance record all (100 per cent) the Board and Committees meetings held during his tenure, contributing significantly to the deliberations and decision making of the Board and its committees, despite being in a different time zone,' the company informed stock exchanges. Sunjay Kapur As Chairman Emeritus Further, in recognition of his unparalleled contributions and enduring impact, the Board of Directors unanimously designated Late Sunjay Kapur as Chairman Emeritus of the Company. The Board of Directors, on the recommendation of the Nomination and Remuneration Committee (NRC), also approved the appointment of Priya Sachdev Kapur — Sunjay Kapur's wife — as an Additional Non-Executive Director of the Company, subject to approval of the shareholders of the Company. The Board expressed grief over the untimely passing of Sunjay Kapur, Non Executive Chairman. 'The visionary leadership, unwavering commitment and exemplary guidance of Mr Kapur has left an indelible mark on the Board and Company. Throughout his tenure, Mr Kapur was instrumental in steering the Company through significant milestones. His strategic insights and ethical values served as the foundation of corporate governance and set the course for sustained growth and innovation for the Company,' the company noted. (With Inputs From ANI)
India.com
24-06-2025
- Business
- India.com
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…
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.
News18
24-06-2025
- Automotive
- News18
Stocks To Watch: Tata Motors, JSW Energy, Sona BLW, Dixon Technologies, And Others
JSW Energy The company announced that the Committee of Creditors has approved its settlement proposal for KSK Water Infrastructures. Bemco Hydraulics The board will meet on June 30 to consider a stock split and bonus issue. Sona BLW Precision Appointed Jeffrey Mark Overly as Chairperson and designated late Sunjay Kapur as 'Chairman Emeritus'. Tata Motors India's leading EV maker unveiled introductory pricing for the SUV (RWD variants). Prices for QWD variants will be disclosed on June 27, with bookings opening on July 2. Becomes the first Indian company to list ESG bonds on the NSE, raising Rs 500 crore through NCDs with a 6.35% coupon. HSBC was the sole lead arranger. HG Infra Engineering Declared the lowest bidder for a Rs 117.77 crore MES project at Mumbai's Naval Dockyard. The contract entails building an Integrated Material Handling Facility over 30 months. Dixon Technologies Chairperson Sunil Vachani sold 16.7 lakh shares (2.77% stake) via bulk deal on the BSE, trimming his holding in the company. Devyani International Plans to raise its stake in Sky Gate Hospitality from 80.72% to 86.13% by investing up to Rs 106.25 crore by July 31, 2025. Garware Technical Fibres Acquired Norway-based Offshore & Trawl Supply AS (OTS) through its UK subsidiary, expanding its global reach in technical textiles and cordage solutions. Cochin Shipyard Subsidiary Hooghly CSL secured an order worth Rs 100–250 crore from Antara River Cruises to build two luxury river vessels for the Brahmaputra. ITI Ltd
