Avantha Group is present in 90
countries with more than 25,000 employees worldwide. The company was founded by Lala Karam Chand Thapar in Kolkatta in the
year 1933. Earlier, the company was known as the Thapar Group. Avantha Group is
India’s second largest producer of coal prior to coal nationalization, the
Thapar Group also had interests in sugar, paper, chemicals, textiles, banking,
insurance, and engineering products and services. The Thapar Group went on to
establish some of India’s most respected institutions, including Oriental Bank
of Commerce, Oriental Insurance and Thapar University, to name a few.
The partition of the
Thapar Group’s assets amongst its family members was completed at the turn of
the century. Avantha is a thriving consolidation of the old conglomerate and
Gautam Thapar represents the third generation of the illustrious business
family, the baton having been passed on to him by his uncle, Mr. L.M. Thapar
and his father, Mr. B.M. Thapar. The group of companies run by Gautam Thapar
was rebranded as Avantha, and the new identity launched worldwide on 15th
November 2007.
Presently
led by Chairman Mr. Gautam
Thapar, the Avantha Group demonstrates strong leadership globally and emerged
as a focused corporate, leveraging its knowledge, leadership and operations to
add lasting value for its stakeholders and investors.
Avantha Group
includes companies like Crompton Greaves Limited, India's largest power
equipment company, and Ballarpur Industries Limited (BILT), India's largest
paper manufacturer, both listed on the Indian stock exchanges.
Across Avantha, good
citizenship is a defined objective, with focused emphasis on education and community
With a rich heritage
and a modern outlook, the organisation continues to evolve and expand across the
globe and the group aims to become one
of the most admired Indian transnational business houses by 2015.
No comments:
Post a Comment