 |
Gautam Thapar | |
|---|---|
| Born | 7 December 1960 |
| Alma mater | Pratt Institute |
| Occupation | Businessperson |
| Organization | Avantha Group |
| Spouse | Stephanie |
| Children | 4 |
| Parent | Brij Mohan Thapar (father) |
| Relatives | K. Thapar (grandfather) L. M. Thapar (Uncle) |
| Family | Thapar family |
Gautam Thapar (born 7 December 1960) is an Indian businessman who is the chairman of Avantha Group and is part of the Thapar family.
Gautam Thapar belongs to the third generation of the business family founded by his grandfather Karam Chand Thapar, in Kolkata. [1] Karam Chand had initially offered the reins of the family business to Gautum's father, Brij Mohan Thapar, bypassing his oldest son Inder Mohan Thapar. However, Brij Mohan passed on the chance to his younger brother Lalit Mohan Thapar, giving lack of desire and inability to shoulder the responsibility as the reasons. [2] Thapar was educated at The Doon School and obtained his undergraduate degree from St. Stephen's College (at Delhi University). He later studied for an advanced degree in chemical engineering at the Pratt Institute in the United States. [3] Failing to find a suitable job and with US visa nearing expiry, he returned to India.[ when? ] [2]
Thapar had responsibility to turn around the BILT's chemical division, which was suffering losses due to management-labour conflicts and shortage of water and power.[ when? ] Gautam showed profits within a year, by scrapping the company's expansion plans, selling off a few assets and trying to resolve labour concerns. [2] The family's assets were divided into four in 1999, with Gautam's older brother Karan parting ways in 2005. Gautam became the Chairman of Crompton Greaves on 22 July 2004. [4]
When Lalit Mohan Thapar retired, he chose his nephew Gautam over Vikram. [5] In 2005, Lalit Mohan handed over the reins of the business empire to Gautam along with his voting rights, shares and most of his personal effects in his will. Gautam became the Chairman of the Group on 1 July 2006. [1]
On 29 August 2019, he was sacked as Chairman of CG Power and Industrial Solutions with immediate effect after an investigation that unearthed a multi crore financial scam at the firm. On 20 August 2019, the company had stated that an investigation instituted by its board had found major governance and financial lapses in the company. [6] In August 2021 the Enforcement Directorate (ED) is probing 3 cases of money laundering involving Gautam Thapar and the Yes Bank. [7] Gautam Thapar, the promoter of the Avantha Group, was arrested by the Enforcement Directorate in connection with an alleged money laundering case. Thapar was arrested by authorities under the Prevention of Money Laundering Act (PMLA) on August 3 following raids that were conducted by the ED in Mumbai and Delhi according to a report by PTI. [8] In December 2022, the CBI filed a charge sheet against Gautam Thapar as well as former CEO and Managing Director of Yes Bank Rana Kapoor for their alleged bank fraud. [9]
Thapar is the President of Thapar University and former Chairman of the Ananta Aspen Centre. [1] He was also on the Board of Governors of his alma mater, the Doon School. [10] In 2010, he took over as the chairman of the board of governors of the Mumbai-based business school NITIE, for a 4-year period. [11] He also promotes golf and is president of the Professional Golf Tour of India. The EUR 1.8m Avantha Masters, tri-sanctioned by the European Tour, the Asian Tour and the Professional Golf Tour of India, is India's richest golf event and synonymous with professional international golf in India. [12]
He received the Ernst & Young Entrepreneur of the Year Award for Manufacturing in 2008. [13]
Karan Thapar is an Indian journalist, news presenter and interviewer working with The Wire. Thapar was associated with CNN-IBN and hosted The Devil's Advocate and The Last Word. He was also associated with India Today, hosted the shows To the Point and Nothing But The Truth and is doing an exclusive series of Interviews with The Wire on his show Access Journalism.
Thapar Institute of Engineering and Technology (TIET), formerly Thapar University, is a deemed-to-be-university, in Patiala, India. It was founded in 1956 by Karam Chand Thapar. The university provides a wide range of courses from The Arts and Humanities, Computer Applications and IT, Animation and Design, Management and Business Administration and Sciences.
Naina Lal Kidwai is an Indian banker, chartered accountant and business executive. She was formerly a Group General Manager and the Country Head of HSBC India. She is also a former President of the Federation of Indian Chambers of Commerce and Industry (FICCI).
CG Power and Industrial Solutions Limited, also known as Crompton Greaves Limited, is an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution & Rail Transportation. It is based in Mumbai and is a part of the Murugappa Group since 2020, who acquired it from the Avantha Group. The company was restructured in 2016 following the demerger of its consumer goods business.
Lalit Mohan Thapar, often referred to by his initials LMT, headed the LM Thapar Group of companies. He was born to Karam Chand Thapar, the founder of the Thapar Group of companies that owned companies such as Crompton Greaves, BILT and JCT Mills. Inder Mohan Thapar, Brij Mohan Thapar and Man Mohan Thapar are his brothers.
Ballarpur Industries Limited (BILT) is a subsidiary of Avantha Group, and was once India's largest manufacturer of writing and printing paper. The current chairman of the company is Gautam Thapar, who succeeded his late uncle L.M. Thapar.
Karam Chand Thapar (1900–1962) was the founder of the Thapar Group of companies.
Shivinder Mohan Singh is an Indian businessman and erstwhile billionaire with Fortis Healthcare, Religare, and Ranbaxy Laboratories. Singh was the non-executive vice chairman of Fortis Healthcare, an Indian company. He is currently under arrest for criminal breach of trust along with his brother Malvinder Mohan Singh. The two have many cases of fraud registered against them.
Yeduguri Sandinti Jagan Mohan Reddy also known as Y. S. Jagan or mononymously Jagan, is an Indian entrepreneur and politician serving as the 17th and current chief minister of Andhra Pradesh since 30 May 2019. He is the founder and president of the Indian political party, YSR Congress Party (YSRCP). He is also the son of Y. S. Rajasekhara Reddy, former Chief Minister of Andhra Pradesh.
Omkar Goswami is an Indian economist and business journalist for Business India. He is the founders and chairperson of Corporate and Economic Research Group Advisory Private Limited (CERG).
Arjun Mathur is a British-Indian actor working predominantly in Bollywood films, web series and television serials. He was seen internationally in the British drama series, Indian Summers and plays the lead character in the Amazon Original series, Made in Heaven , which earned him an International Emmy award nomination for 'Best Performance by an Actor'.
Avantha Group is an Indian business conglomerate. Its businesses include power generation and distribution, power transmission and distribution equipment and services, paper and pulp, farm forestry, and infrastructure.
Yes Bank is an Indian bank headquartered in Mumbai, India and was founded by Rana Kapoor and Ashok Kapoor in 2004.
Rana Kapoor is an Indian former banker who was the managing director and CEO of Yes Bank, an Indian private sector bank. Following a career in financial institutions, he co-founded Yes Bank in 2003, with its registered office in Mumbai. He was appointed as the president of ASSOCHAM in July 2013, and was succeeded by Sunil Katoria after serving his two year term.
The Thapar Group is an Indian conglomerate founded by Karam Chand Thapar. The following companies are or have been a part of the group: Greaves Cotton, The Pioneer, Sohna Stud Farm Pvt Limited, TT & G Trading Pvt Limited, Built Middle East Pvt Limited, Himalayan Hideaways Pvt Limited, Karam Chand Thapar & Bros Limited, Lavasa Corporation Limited and KCT Papers Limited.
Peter McLaughlin is an Irish academic, historian, and educator. He is the CEO of Max Learning Limited, the educational arm of the Max Group. He was Headmaster of The Doon School. Before joining Doon in 2009, he served as Headmaster of Douai School, and Principal of the British International School in Cairo and of Casterton School in England. McLaughlin retired from Doon in May 2016.
Thapar family is an Indian business family. They are not a single business group, and every branch of the family runs its own clutch of companies.
Piramal Capital and Housing Finance Limited is a non-deposit taking housing finance company, headquartered in Mumbai with branches in major cities across India. DHFL was established to enable access to economical housing finance to the lower and middle income groups in semi-urban and rural parts of India. DHFL is the second housing finance company to be established in the country. The company also leases commercial and residential premises. DHFL is among the 50 biggest financial companies in India.
Crompton Greaves Consumer Electricals Limited is an Indian electrical equipment company based in Mumbai, India. The company has lighting and electrical consumer durables including LED lighting, fans, pumps, and household appliances like water heaters, air coolers, and kitchen appliances.