Mukesh Ambani's brother-in-law Shyam Kothari passes away in US; funeral to be held in Chennai
Chennai, Feb 24: Industrialist Bhadrashyam Kothari, brother-in-law of billionaire industrialists Mukesh and Anil Ambani, passed away in the US on Sunday morning after battling with cancer.
He was 54. He is survived by two children -- Nayantara and Arjun -- and wife Nina, the youngest daughter of late Dhirubhai Ambani.
The Chennai-based industrialist was popularly known as Shyam Kothari in business circles. He breathed his last peacefully in Houston in the US where he had gone for treatment, sources in his company said.
His funeral and last rites would be held on Wednesday, February 25, in Chennai, sources close to the family said.
Kothari, a graduate from Chennai's LOyola College, was heading H C Kothari group, which has interests in petrochemicals, sugar, biotechnology and private equity areas.
Twenty years ago, the Group had launched the country's first mutual fund, the Pioneer Fund, which was later sold to Franklin Templeton.
Twitterati paid their condolences to the late visionary and stalwart industrialist.
May
God
bless
your
soul
dear
friend
Shyam
Kothari
..you
were
a
gem
of
a
friend
who
will
always
be
remembered
-
ARR
and
family
—
A.R.Rahman
(@arrahman)
February
23,
2015
Bhadrashyam
Kothari
became
a
mutual
fund
pioneer
in
India
-
literally
by
launching
Kothari
Pioneer
that
became
Franklin
Templeton
MF.
RIP
—
Madhavan
Narayanan
(@madversity)
February
24,
2015
I
met
Bhadrashyam
Kothari
once
at
a
sugar
industry
do.
Warm,
pleasant,left
an
impression.
Learnt
much
later
he
is
Mukesh
Ambani's
bro-in-law
—
Madhavan
Narayanan
(@madversity)
February
24,
2015
Chennai's
Shyam
Kothari,
who
founded
Kothari
Pioneer,
India's
1st
private
mutual
fund,
now
Franklin
Templeton,
passes
away.
Rip.
—
Sriram
V
(@MadrasMobile)
February
23,
2015
Sad
to
hear
abt
Shyam
Kothari's
death.
A
wonderful
man.
—
Chandru
(@ChandrusWeb)
February
24,
2015
Was
really
sad
to
hear
about
Shyam
Kothari's
demise.
A
kind
hearted
&
gentle
person.
Gracious
host
and
a
beautiful
couple.
(1/3)
—
Viswanathan
Anand
(@vishy64theking)
February
24,
2015
a
day
of
mourning
in
Ambani
family.
Shyam
Kothari
passes
away.
Was
the
early
mover
in
Indian
mutual
fund
industry.
RIP
—
Sunil
Arora
(@moneybloke)
February
24,
2015
RIP
Dear
Friend
Shyam
Kothari
.
I
am
yet
to
know
a
more
simple
down
to
earth
human
ever
smiling
kind
polite
and
such
a
Noble
Man
.
—
Krishna
Iyer
(@Krsnaaiyer)
February
24,
2015
OneIndia News
(With PTI inputs)