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Kalyani feud: Sugandha alleges illegal asset transfer
Mint Hyderabad
|June 28, 2025
Sugandha Kalyani claimed the asset management PoA was altered to permit gifting and transfer of two prime properties
Sugandha Hiremath Kalyani, sister of industrialist Baba Kalyani, has alleged that her younger brother Gaurishankar Kalyani had "fraudulently" transferred the family assets in Karad, a city in Satara near Pune, to himself.
In a fresh affidavit filed before a Pune civil court on Friday, Sugandha alleged Gaurishankar misused a 2008 PoA (power of attorney) granted by their father, Neelkanth Kalyani, to "illegally and wrongfully" transfer two prime properties to his name. Mint has seen a copy of the affidavit.
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