labels: Yes Bank
Five-star carnage takes worst toll on India Inc news
29 November 2008

The Mumbai mayhem has taken perhaps the worst toll on India Inc. While the of casualty list is still incomplete, the figures released so far have some of the well-known names in the business and social circles in it.

In fact, many of the hostages and victims are actually senior executives of some of India's biggest companies.

Yes Bank co-promoter and its non-executive chairman Ashok Kapur, businessman Sunil Parekh, developer Pankaj Shah and solicitor Anand Bhatt were among those found dead at the Oberoi.

Ashok Kapur and Yes Bank MD Rana Kapoor together hold a 34 per cent stake in the bank.

Ashok Kapur's body was found on the 19th floor of the hotel on Friday evening. He had gone for dinner to the hotel with his wife Madhu, who managed to escape.

Sunil Parekh, a businessman with shipping interests, and his wife Reshma, were also among those killed at Tiffin, the coffee shop at The Oberoi.

Uma Garg, wife of Ispat Industries' executive director (commercial) Vinod Garg, was found dead on the 19th floor. She had come for a dinner meet with her husband and a team of foreign clients. Vinod Garg, however, managed to escape on Thursday.

Shah and Bhatt were dining with another developer, Apoorva Parekh, at the Kandahar restaurant in the hotel. Parekh survived, but has been admitted to the Breach Candy hospital with several bullet injuries. Solicitor Bhatt, who was at the same dinner, is a senior partner with Mumbai-based law firm Wadia Gandhy.
 
This has prompted the corporate leadership, which has so far been some what detached from discussions on terror, to seek tougher laws to deal with terrorism.
 
The attack is clearly an attack on the Indian economy and corporate India should join ranks to demand stronger and firmer response to such terror acts, said Rajeev Chandrasekhar.

His sentiments were also shared by Wockhardt CMD Habil Khorakiwala, RPG Group vice chairman Sanjiv Goenka,  JK Paper MD Harsh Pati Singhania, Tafe director Mallika Srinivasan and  Ispat Industries MD Vinod Mittal.


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Five-star carnage takes worst toll on India Inc