Todi

At Friday's closing price, the Todi family's stake in Magma is worth around 550 million rupees.

Todi Family Sells 5.6% Stake in Magma Manish Basu of Mint 2011

The Todi family got shares in Magma when in August 2006 a non-banking finance company founded by them, Shrachi Infrastructure Finance Ltd., was merged with Magma.

Todi Family Sells 5.6% Stake in Magma Manish Basu of Mint 2011

S.K. Todi and Ravi Todi announced they had resigned from Magma's board.

Todi Family Sells 5.6% Stake in Magma Manish Basu of Mint 2011

At that time, the Todi family held 8.2% of Magma's shares; their stake got diluted through subsequent share sales.

Todi Family Sells 5.6% Stake in Magma Manish Basu of Mint 2011

S.K. Todi, Shrachi's erstwhile chairman, was appointed non-executive vice-chairman of Magma, and his son Ravi Todi its joint managing director.

Todi Family Sells 5.6% Stake in Magma Manish Basu of Mint 2011

The purchase will help Aurangabad-based Akar increase its forging capacity, widen its customer portfolio and reach new markets such as Europe, said Sunil Todi, managing director of Akar Tools, which makes precision-engineered tools and auto-leaf springs.

Akar Tools to buy Auto-Parts Maker 2011

It is not clear if Akar will be merged into RL or vice-versa, Mr. Todi said.

Akar Tools to buy Auto-Parts Maker 2011

One morning, as I was practising raga Todi, I had my first experience of what I now call a "mishearing": I thought I heard the riff to Layla in a handful of notes I'd been singing.

Amit Chaudhuri's musical circumnavigation Amit Chaudhuri 2010

Mr. Todi declined to comment on how much stake the company plans to sell.

Akar Tools to buy Auto-Parts Maker 2011

KOLKATA -- The Todi family, co-promoters of Kolkata-based non-banking finance company Magma Fincorp Ltd., announced that it had sold its 5.62% stake to the other promoters of the firm -- Mayank Poddar, Sanjay Chamria and their associates.

Todi Family Sells 5.6% Stake in Magma Manish Basu of Mint 2011