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Valli Arunachalam’s battle at Murugappa is for all the women of India

Sumary of Valli Arunachalam’s battle at Murugappa is for all the women of India:

  • Last October, she was forced to move the courts after the group all-male board comprising her uncles and cousins, voted unanimously to reject her plea to be inducted into the board…
  • And now, even as the matter is in court, she has had to file with the National Company Law Tribunal (NCLT) for a waiver of the minimum shareholding requirement of 10 percent which would allow her to maintain her case against Ambadi Investments Ltd (AIL), the holding company of the Murugappa group…
  • For the record the 59-year-old Valli Arunachalam has a doctorate in nuclear physics and is a technology consultant to Fortune 500 corporations…
  • What more there is now a clear Supreme Court ruling stating that daughters have equal coparcenary rights in a Hindu Undivided Family (HUF)…
  • But then, Valli, the eldest daughter of the conglomerate late executive chairman MV Murugappan who passed away in 2017 without a male heir, is a woman and traditional Indian families frown upon women participation in the business….

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