Industrialist Shyam Kothari, Brother-in-Law of Mukesh and Anil Ambani, Dies at 53

Industrialist Bhadrashyam Kothari, brother-in-law of billionaire industrialists Mukesh and Anil Ambani, died in the US on Sunday morning after a prolonged illness. He was 53.

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 died in Houston in the US, where he had gone for treatment, sources in his company said.

His funeral and last rites will be held on Wednesday, February 25, in Chennai, sources close to the family said.

Mr Kothari was heading HC Kothari group, which has interests in petrochemicals, sugar, biotechnology, and private equity areas. The Group had launched the country's first mutual fund, the Pioneer Fund, which was later sold to Franklin Templeton.