A will which has turned a confidante into an usurper, a close friend of the family into being called an outsider. Such has been the turn of events for Rajendra Singh Lodha, a well-known chartered accountant and auditor of the Birla firms for years, to face a legal battle with none other than the Birlas themselves.
The battle fields are ready, the swords have been drawn as R S Lodha faces the members of the entire Birla clan, contesting late Priyamvada Birla''s will.
From being a part of the Birla family to taking cudgels with them, it has been an unprecedented turn of events for a man, known more for his professional competency, sharp intellect and smart business deals than for being the usurper he''s being tagged with, off late.
Known to be a rich and well-off chartered accountant and senior partner of the leading accounting and consulting firm M/S Lodha and Co, which is the Indian member firm for BDO International-the sixth largest international accounting firm having annual billing in excess of $2.2 billion), Lodha''s case does not merit the tag which looks upon him as a classic example of a rags-to-riches case, with the baring of the will.
He still lives in an apartment at a south Kolkata locality with his two sons Aditya and Harsh, drives around in black Honda City and has a lifestyle which never reeks of wealth. In fact, a second-hand Mercedes brought by him during his tenure as Ficci president was immediately disposed off, once his term came to an end.
Despite his age, he still meets his work demands which include travel to both in and out of the country every week. However, a section of his contemporaries term his business acumen to on hinging towards shrewdness but none deny his exceptional professional competency. Despite, his business demands, credit goes to him, for having brought up his daughter Meenakshi and two sons Aditya and Harsh with great discipline. The children were very young when his wife died, way back in the ''70s.
While most construe the legal wranglings between the Birlas and Lodhas as unfounded having been a close family friend and well-wisher at heart, according to a well-known industrialist known to Lodha, The only place he probably went wrong was not to have taken a member of the Birla family into confidence when he learnt of Ms Birla''s will, in which he was both the executor and the beneficiary.
A mistake, which has tarnished both his spotless clean reputation and bro-ught his years of trust under scanner.