China had recently dealt a major blow to Sunjay Kapur's company due to...; know what Kapur's Sona Comstar manufactures, its related to...
Sunjay Kapur, the ex-husband of actor Karisma Kapoor, who passed away at the age of 53 due to a heart attack in UK on Thursday (June 12), was a veteran business tycoon who served as the Chairman and non-executive director of Sona Comstar, formerly known as Sona BLW Precision Forgings Limited– a leading auto parts manufacturer.
Sona Comstar, which manufactures crucial parts for both electric and conventional vehicles, had recently received a heavy blow to its operations after China banned the import of rare earth magnets to India following last month's India-Pakistan military conflict. What does Sunjay Kapur's Soma Comstar manufacture?
Sona Comstar is auto parts manufacturing giant based in Gurugam, which manufactures key components for electric vehicles (EVs), hybrids, as well as a conventional cars that run of diesel and petrol. The company manufactures traction motors and starter motors for EVs and hybrid vehicles. and its world's largest manufacturer of differential gears that help in the smooth movement of wheels.
The firm also makes transmission gears used by top Indian carmakers, and had recently ventured in the manufacture of sensors and spare parts for trains.
Sunjay Kapur, who took over as the Managing Director of Sona Comstar after his father's demise in 2015, took the company to new heights. Under Kapur's leadership, the company expanded its presence across the globe, building manufacturing plants in the United States, Mexico, Serbia, and China. How China dealt a blow to Sona Comstar's operations?
Sona Comstar faced a major operational hurdle after China imposed restrictions on exports of rare earth magnets. The company had applied to export the key raw material from China, but the application was rejected by Beijing. The auto parts maker has filed another application which is reportedly under consideration.
As per reports, Sona Comstar is the first Indian firm whose application has been rejected by the Chinese.
Sona Comstar specializes in making parts for electric vehicles, which accounts for nearly 29 percent of its overall business. The company supplies parts for electric and hybrid vehicles to automaking giants like Maruti Suzuki, Bajaj Auto, and TVS Motors.
Sona Comstar has a market cap of Rs 31,760.46 crore, with its shares trading at 500.10 apiece on Friday, down 2.07 percent. The company's stock prices dipped by 8 percent after Sunjay Kapur passed away. Sunjay Kapur death
Sunjay Kapur, the ex-husband of famous Bollywood actress Karisma Kapoor, died of a heart attack in the United Kingdom on June 12. He was 53.
'It is with deep sorrow that we inform that Sunjay Kapur, Chairman and Non-Executive Director of Sona Comstar, passed away on 12 June 2025 in England, UK due to a heart attack at the age of 53. As a visionary leader, Kapur played a key role in building Sona Comstar into a global mobility technology company based on innovation, stability and purpose. His inspiration, vision and dedication to excellence inspired us all,' Sona Comstar said in an official release.
'Apart from his professional contributions, Sunjay Kapur was a devoted father, a mentor to many, and a strong supporter of India's manufacturing and mobility sector. His demise is a huge loss to the industry and the Sona family,' the release added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
41 minutes ago
- Economic Times
Motilal Oswal sees 15–20% upside in L&T and BEL amid strong sector tailwinds
Live Events Larsen & Toubro: Buy| Target Rs 4100| LTP Rs 3540| Upside 15% Bharat Electronics: Buy| Target Rs 490| LTP Rs 409| Upside 20% (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel India's capital goods sector remains well-positioned, driven by a confluence of strong macro enablers and sector-specific catalysts.A robust order book across key verticals such as defence, power transmission & distribution (T&D), renewables, and infrastructure is supporting steady execution coupled with government policy support and easing commodity prices, has created a favourable backdrop for companies operating in the momentum continues to be resilient, led by fresh wins in the defence and infrastructure segments. Recent months have seen strong order inflows, including large-scale projects in high-speed rail, urban infrastructure, and power railways segment, which experienced a slowdown in the previous fiscal, is now showing signs of early multiple players have reported sizable contract wins across both domestic and export markets, reinforcing confidence in the near-term execution pipeline.A notable driver is the government's approval of emergency defence procurement worth ₹400b. This is the fifth such tranche since 2019 and is aimed at fast-tracking acquisitions of critical systems such as drones, missiles, and emergency authorizations come with strict delivery timelines and are expected to significantly benefit companies with indigenous manufacturing inclusion of 28 additional weapon systems for emergency procurement further expands the opportunity set for defence across the sector are expected to vary, with EPC companies benefitting from the phase-out of low-margin legacy projects, and product companies increasingly focusing on higher-value segments and deeper market commodity price corrections in zinc, aluminium, and copper are expected to support cost structures and provide cushion to profitability going the global front, Indian companies are looking to tap into emerging opportunities in the US, Europe, and the Middle an established track record in quality and cost competitiveness, engineering and defence firms are accelerating their export push, especially in renewable energy and advanced defence the outlook for the capital goods sector remains constructive. While a broad-based revival in private capex is still awaited, strong public investment, policy initiatives like Make in India, and increasing global defence and infra spending are expected to sustain growth momentum in the medium & Toubro (LT) remains well-positioned to capitalize on a strong international prospect pipeline (INR19t), stable domestic order flows, and an improving return profile. Core EPC revenue is expected to grow at a 15% CAGR over FY25–28, with EBITDA/PAT CAGR of 18%/21%.Despite geopolitical headwinds and oil price volatility, international markets—especially in the Middle East—remain improved to 16.3% in FY25, supported by better capital allocation and working capital diversified exposure across infrastructure, energy, and hi-tech manufacturing supports long-term growth. Maintain BUY on strong execution, visibility, and return Electronics ( BEL ) is poised for strong growth, driven by a robust order pipeline and increasing indigenization in defense electronics. The company expects INR270b in order inflows and 15% revenue growth in orders like QRSAM and next-generation corvettes are anticipated in FY26-27, ensuring revenue visibility. Enhanced indigenization and consistent R&D spending will sustain strong margin a healthy cash surplus of INR94b as of FY25, BEL has ample scope for capacity expansion, we expect a CAGR of 17%/16%/19% over FY25-27.(The author is Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Time of India
41 minutes ago
- Time of India
Sudip Bandyopadhyay's 3 sectoral picks in choppy markets
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel "This is a global issue, and India is no exception. Additionally, Indian markets are dealing with corporate results that do not justify current valuations. There's a clear disconnect between the valuations at which many stocks are trading and their underlying fundamentals," says Sudip Bandyopadhyay , Group Chairman, Inditrade Capital The market needs clarity, but currently, we are in an ambiguous state. We do not know what is happening on the tariff front. We also do not know how the earnings season will pan out, as the start has not been as strong as one would have hoped. What is your assessment regarding the market direction?Sudip Bandyopadhyay: Well, there is considerable volatility ahead. You're absolutely right—the corporate results season has begun, with TCS already out, and others will follow quickly over the next couple of weeks. However, we are not expecting anything spectacular. We anticipate a subdued set of numbers from Indian corporates at this stage. Yes, there will be exceptions, but the overall tone is likely to remain that, the tariff-related volatility emanating from the US is creating turmoil in the markets. It's not just about specific tariff issues—even companies like TCS have spoken about widespread uncertainty. They are struggling to secure new contracts, with many deals being delayed or slowed down as US corporations adopt a cautious stance. This uncertainty is impacting several sectors beyond those directly affected by is a global issue, and India is no exception. Additionally, Indian markets are dealing with corporate results that do not justify current valuations. There's a clear disconnect between the valuations at which many stocks are trading and their underlying discussing market direction, I'd like to know which sectors you believe are worth betting on in the current scenario. Also, has the market already made a near-term top?Sudip Bandyopadhyay: I don't think we've made a near-term top—or a near-term bottom, for that matter. Volatility remains the norm. Until we get some certainty or at least stability on the tariff front, markets will continue to swing. We'll see stock-specific and sector-specific movements based on news terms of sectors, we like cement. Although the monsoon season may bring daily developments that are not favorable to the cement story, fundamentally and structurally, the sector looks good. UltraTech , the leader in the space, remains attractive even at current sector we're positive on—despite seasonal monsoon-related challenges—is construction and infrastructure. Larsen & Toubro, the leader in this space, looks good at current valuations. Its order book is robust, including margin-accretive global orders, which are improving the company's overall margin profile. Under these circumstances, L&T is attractive at current is another space where most investors are overweight. While we like the sector, we prefer a cautious approach. SBI , from the PSU banking space, offers valuation comfort compared to private-sector peers and looks good from a medium- to long-term with banking and financials, I'm observing increased activity in the real estate sector. There's talk that the upcycle remains intact for the long term. Based on recent sales trends and brokerage reports, do you think a dip would be a good buying opportunity in real estate?Sudip Bandyopadhyay: Selectively, yes. One has to be a bit cautious because demand at the top end of the residential market is plateauing. It's not declining, but incremental demand is becoming harder to generate. So we need to tread commercial real estate—particularly in southern states—is booming due to the continuing GCC boom. Therefore, players with a healthy mix of residential and commercial projects in major metros are worth considering. DLF , with its extensive land bank and long-term potential, is attractive at current levels. Phoenix Mills is another name worth looking at. While there may be short-term volatility and occupancy-related challenges, fundamentally, it looks promising from a three- to five-year your view on the IT sector? TCS's results weren't particularly encouraging, and the stock was under pressure on Friday. With continued ambiguity in news flow, should investors consider building fresh positions in IT stocks now that valuations are relatively attractive?Sudip Bandyopadhyay: As you rightly said, uncertainty persists. The lack of fresh order inflows and the slowing or stalling of existing projects are pressuring both large-cap and mid-cap IT firms. This strain will remain visible, and companies will find it difficult to provide clear guidance—not just for the full year, but even for the next this backdrop, caution is advisable. However, if you're a long-term investor looking to gradually build a position in IT, this may be a good opportunity. Whether the right moment is today, next week, or the week after is difficult to predict. But if you believe in the long-term story of Indian IT, it makes sense to start accumulating slowly. These are fundamentally strong companies and will perform well over time—but right now, we're in a period of heightened volatility.
Time of India
43 minutes ago
- Time of India
Motilal Oswal sees 15–20% upside in L&T and BEL amid strong sector tailwinds
India's capital goods sector is thriving, fueled by strong macro factors and sector-specific growth drivers. Defence, power, renewables, and infrastructure are witnessing robust order books, supported by government policies and easing commodity prices. Defence procurement and infrastructure projects are boosting order momentum. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Larsen & Toubro: Buy| Target Rs 4100| LTP Rs 3540| Upside 15% Bharat Electronics: Buy| Target Rs 490| LTP Rs 409| Upside 20% (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) India's capital goods sector remains well-positioned, driven by a confluence of strong macro enablers and sector-specific catalysts.A robust order book across key verticals such as defence, power transmission & distribution (T&D), renewables, and infrastructure is supporting steady execution coupled with government policy support and easing commodity prices, has created a favourable backdrop for companies operating in the momentum continues to be resilient, led by fresh wins in the defence and infrastructure segments. Recent months have seen strong order inflows, including large-scale projects in high-speed rail, urban infrastructure, and power railways segment, which experienced a slowdown in the previous fiscal, is now showing signs of early multiple players have reported sizable contract wins across both domestic and export markets, reinforcing confidence in the near-term execution pipeline.A notable driver is the government's approval of emergency defence procurement worth ₹400b. This is the fifth such tranche since 2019 and is aimed at fast-tracking acquisitions of critical systems such as drones, missiles, and emergency authorizations come with strict delivery timelines and are expected to significantly benefit companies with indigenous manufacturing inclusion of 28 additional weapon systems for emergency procurement further expands the opportunity set for defence across the sector are expected to vary, with EPC companies benefitting from the phase-out of low-margin legacy projects, and product companies increasingly focusing on higher-value segments and deeper market commodity price corrections in zinc, aluminium, and copper are expected to support cost structures and provide cushion to profitability going the global front, Indian companies are looking to tap into emerging opportunities in the US, Europe, and the Middle an established track record in quality and cost competitiveness, engineering and defence firms are accelerating their export push, especially in renewable energy and advanced defence the outlook for the capital goods sector remains constructive. While a broad-based revival in private capex is still awaited, strong public investment, policy initiatives like Make in India, and increasing global defence and infra spending are expected to sustain growth momentum in the medium & Toubro (LT) remains well-positioned to capitalize on a strong international prospect pipeline (INR19t), stable domestic order flows, and an improving return profile. Core EPC revenue is expected to grow at a 15% CAGR over FY25–28, with EBITDA/PAT CAGR of 18%/21%.Despite geopolitical headwinds and oil price volatility, international markets—especially in the Middle East—remain improved to 16.3% in FY25, supported by better capital allocation and working capital diversified exposure across infrastructure, energy, and hi-tech manufacturing supports long-term growth. Maintain BUY on strong execution, visibility, and return metrics. BEL ) is poised for strong growth, driven by a robust order pipeline and increasing indigenization in defense electronics. The company expects INR270b in order inflows and 15% revenue growth in orders like QRSAM and next-generation corvettes are anticipated in FY26-27, ensuring revenue visibility. Enhanced indigenization and consistent R&D spending will sustain strong margin a healthy cash surplus of INR94b as of FY25, BEL has ample scope for capacity expansion, we expect a CAGR of 17%/16%/19% over FY25-27.(The author is Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
