VIP Industries chairman Dilip Piramal (left). — Bloomberg
THE family that ran India’s largest luggage maker for more than half a century is packing it in, with control of Mumbai-based VIP Industries Ltd, passing to private equity.
“What do I do?” Dilip Piramal, the 75-year-old chairman, wondered aloud in a television interview after announcing the sale. “The younger generation is not interested in management.”
