The Vakil family represents heirs of Abhay Vakil, non-executive director of Asian Paints, India's leading paints company, and his brother Amar Vakil, who both died in 2021.
The Vakils draw their wealth from a minority stake in the company.
Asian Paints was cofounded by Abhay and Amar Vakil's father and three others in 1942.
Abhay Vakil had been with the company for more than four decades.
Amar Vakil's daughter Amrita (pictured) and Abhay Vakil's daughter Nehal have board seats.
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