Mohit Burman

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Mohit Burman
NationalityIndian
Alma mater Richmond College
OccupationBusinessman
Known forChairman of Dabur
Chairman of Aviva Life Insurance Company India [1]
Co-owner of Punjab Kings [2] and Saint Lucia Kings

Mohit Burman is an Indian businessman. He is the chairman of Dabur, an Ayurvedic and FMCG company. [3] A fifth-generation scion of the Burman family, he also led the family's acquisition of a majority stake in dry cell battery maker Eveready Industries India [4] and the family's entry into the life insurance sector through Aviva India. A sports enthusiast, he is also promoter and co-owner of the Indian Premier League cricket team Punjab Kings. [5] [6]

Contents

Early life and education

After completing his schooling from Highgate School, London, he graduated from Richmond College, in Bachelor of Arts, Business Administration and Economics (Double major: Marketing and General Management) and subsequently completed his Master of Business Administration degree, in Finance from Babson Graduate School of Business, Massachusetts. [7] [8]

As per Forbes list of India’s 100 richest tycoons, dated OCTOBER 09, 2024, Burman family is ranked 23rd with a net worth of $10.4 Billion. [9]

Career

Burman started his career with Welbeck Property Partnership London and then joined Dabur Finance Ltd., a company specializing in fund and fee-based financial activities, as Senior Manager. He worked in the group's financial services businesses including asset management, life insurance and pensions by setting up an insurance company with the UK's largest insurance company, Aviva. [10] His family in November 2011 [11] had established a joint venture with Espírito Santo Investment Bank to set up an investment banking company in India.[ citation needed ]

Burman has also been actively involved in expanding Dabur India's presence in overseas markets, and was involved in the acquisition of Balsara Hygiene and Home Care businesses for Rs. 1.43 billion by Dabur India Ltd. on 27 January 2005. [11]

Board memberships

Mohit also holds board membership [12] [13] of different other companies like Federation of Indian Chambers of Commerce & Industry, Dabur International Limited, Universal Sompo General Insurance Co. Ltd., KPH Dream Cricket Pvt. Ltd (Kings XI), Aviva Life Insurance Company India Limited, [14] Markettopper Securities Pvt. Ltd., Elephant India Advisors Pvt. Ltd., Caterham Cars Pvt. Ltd, H&B Stores Ltd., Espirito Santo Securities India Pvt. Ltd.

Sports

Mohit Burman is one of a group of promoters who have formed the cricket team Punjab Kings. [15] He is also a director and co-Owner of a Caribbean Premier League team Saint Lucia Kings. [16] [17]

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References

  1. ↑ "Finance Is The Calling Card For Dabur Scion Mohit Burman". forbesindia.com. 29 October 2014. Retrieved 18 February 2015.
  2. ↑ "IPL franchise Kings XI Punjab renamed Punjab Kings". The Hindu. 17 February 2021. Retrieved 1 November 2023.
  3. ↑ "Amit Burman resigns as Dabur chairman, Mohit Burman takes charge". Business Standard. 13 August 2022. Retrieved 1 November 2023.
  4. ↑ "Eveready Industries to augment product portfolio: Mohit Burman of Dabur India". The Hindu Business Line. Dabur India Ltd. 20 June 2022. Retrieved 1 November 2023.
  5. ↑ "Preity Zinta, Ness Wadia, Karan Paul, Mohit Burman". The Times of India . 2 April 2008. Archived from the original on 23 May 2009. Retrieved 18 February 2015.
  6. ↑ "Promoters of Kings XI Punjab". Kings XI Punjab . Retrieved 18 February 2015.
  7. ↑ "Mohit Burman Director of Dabur India Ltd. MBA from Babson Graduate School of Business". Bloomberg L.P. Retrieved 18 February 2015.
  8. ↑ "Mohit Burman Bio". in.com. Archived from the original on 22 January 2015. Retrieved 18 February 2015.
  9. ↑ "India's 100 Richest". India’s 100 Richest. OCTOBER 09, 2024, 06:00 PM.{{cite web}}: Check date values in: |date= (help)
  10. ↑ "Dabur Group's Burmans, Espírito Santo Investment Bank Form JV". Vccircle.com. 15 November 2011. Retrieved 18 February 2015.
  11. 1 2 "Dabur promoters, Espirito Santo Investment Bank form JV". NDTV. 15 February 2011. Retrieved 18 February 2015.
  12. ↑ "Board Membership of Mohit Burman". Dabur . Retrieved 18 February 2015.
  13. ↑ "Dabur's Burmans to enter i-banking, broking". Rediff.com . 12 October 2011. Retrieved 18 February 2015.
  14. ↑ "Chairman of Aviva Life Insurance India Ltd". Aviva . Retrieved 18 February 2015.
  15. ↑ "IPL franchise Kings XI Punjab renamed Punjab Kings". The Hindu. PTI. 17 February 2021. ISSN   0971-751X . Retrieved 3 May 2021.
  16. ↑ "Kings XI Punjab Set To Acquire St Lucia Franchise Of Caribbean Premier League". OutlookIndia.com. 17 February 2020. Retrieved 1 November 2023.
  17. ↑ "St Lucia Zouks sold to Kings XI Punjab owners". ESPN Cric Info. ESPNcricinfo. 17 February 2020. Retrieved 1 November 2023.
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