Text of Priyamvada''s will
By Our Corporate Bureau | 21 Jul 2004
Kolkata: "I, Priyamvada Birla, wife of late M.P. Birla, by this will, protect the individual identity of M.P. Birla Group. The property now standing in my name is bequeathed to Mr R.S. Lodha in full and to his family. It is apprehended that if the property of M.P. Birla family is left to other persons, other than Mr R.S. Lodha, the good name of M.P. Birla is likely to be sent in oblivion.
Since we do not have any issue, so to protect the entire property of which I am the absolute owner, by this will, I give it to Mr Lodha and his family totally. After execution of this will, Mr R.S. Lodha will be absolute owner of the properties. And I express that Mr R.S. Lodha shall be executing this will for obtaining probate, in the capacity of executor, from appropriate court of law.
In my absence, or on my death, Mr R.S. Lodha and his family, shall be the only owners of the properties of M.P. Birla. All trusts, charitable organisations, health and educational institutions, which M.P. Birla created during his lifetime shall run as usual.
There will be no change in name and style of any institution created by M.P. Birla. All the business and industrial centres shall be operated from a commercial point of view and under commercial perspective only.
In
my view, the ideals of M.P. Birla shall be retained perpetually
and no deviation shall be allowed to take place.
Signed:
M.P. Sharma
Dr Madan Mishra
P.L. Agarwal