Gautam Thapar

$1.40 B

Ranked #913 in World

About Gautam Thapar

Gautam Thapar, a prominent Indian businessman and the chairman of Avantha Group, hails from the esteemed Thapar family with roots in Kolkata since December 7, 1960. A product of prestigious institutions like The Doon School, St. Stephen's College, and Pratt Institute, Thapar has significantly impacted India's corporate landscape. His leadership notably revived BILT's chemical division to profitability within a year and steered Crompton Greaves as Chairman from 2004. In 2006, he succeeded Lalit Mohan Thapar at Avantha Group's helm. However, his career faced turmoil when he was removed from CG Power and Industrial Solutions in 2019 due to a financial scandal, leading to an investigation by the Enforcement Directorate for alleged money laundering linked to Yes Bank, culminating in his arrest under the PMLA in 2021. Beyond business, Thapar has contributed to education and sports, serving as President of Thapar University and promoting golf in India. His achievements were recognized with the Ernst & Young Entrepreneur of the Year Award for Manufacturing in 2008.

Born

December 07, 1960

Age

65 years

Source Of Wealth

Engineering, Paper

Industries

Construction & Engineering

Citizenship

India

Education

Bachelor of Arts / Science, Pratt Institute

Spouse

Stephanie

Children

Gautam Thapar, born on December 7, 1960, in Kolkata, is a prominent Indian businessman and the chairman of the Avantha Group. He belongs to the third generation of the renowned Thapar family, which has a rich history of entrepreneurship. Gautam Thapar received his early education at The Doon School, followed by St. Stephen's College, and later pursued his higher education at Pratt Institute.

Gautam Thapar: Family

Gautam Thapar comes from a distinguished business family founded by Karam Chand Thapar. His grandfather, Karam Chand Thapar, established the Thapar Group, which has grown into a diversified conglomerate with interests in various industries.

Gautam Thapar: Career Highlights

Gautam Thapar's business career is marked by several notable achievements. He successfully turned around the chemical division of BILT, demonstrating his leadership and strategic acumen by showing profits within a year. In 2004, he became the Chairman of Crompton Greaves, a leading electrical equipment company. Subsequently, in 2006, he succeeded Lalit Mohan Thapar as the Chairman of the Avantha Group, assuming the responsibility of leading the family's business empire.

Gautam Thapar: Companies

Gautam Thapar has been associated with several prominent companies throughout his career. He has served as the Chairman of Crompton Greaves, Ballarpur Industries Limited (BILT), and the Avantha Group. These companies operate in diverse sectors, including electrical equipment, paper manufacturing, and diversified industries.

Gautam Thapar: Major Achievements

Gautam Thapar's major achievements include successfully turning around the chemical division of BILT, transforming Crompton Greaves into a leading player in the electrical equipment industry, and expanding the Avantha Group's global presence. He has also played a significant role in promoting golf in India and has been instrumental in organizing the Avantha Masters, India's richest golf event.

Gautam Thapar: Awards & Achievements

Gautam Thapar's contributions to the business world have been recognized through various awards and accolades. In 2008, he received the prestigious Ernst & Young Entrepreneur of the Year Award for Manufacturing.

This award acknowledges his exceptional leadership and entrepreneurial spirit in the manufacturing sector.

Gautam Thapar: Personal Life & Legacy

Beyond his business endeavors, Gautam Thapar is actively involved in non-business activities. He serves as the President of Thapar University and is a former Chairman of the Ananta Aspen Centre. He is also on the Board of Governors of The Doon School and the National Institute of Industrial Engineering (NITIE). Additionally, Thapar is passionate about promoting golf and serves as the president of the Professional Golf Tour of India.

Gautam Thapar: Trivia

Gautam Thapar's commitment to golf has led to the establishment of the Avantha Masters, which is recognized as India's richest golf event. This tournament attracts top golfers from around the world and has become a significant event on the international golf calendar.

Wealth History

Timeline

December 7, 1960

Gautam Thapar was born in Kolkata, India.

2004

Gautam Thapar became Chairman of Crompton Greaves.

2006

Gautam Thapar succeeded Lalit Mohan Thapar as Chairman of the Avantha Group.

2008

Gautam Thapar received the Ernst & Young Entrepreneur of the Year Award for Manufacturing.

2019

Gautam Thapar was sacked as Chairman of CG Power and Industrial Solutions due to a financial scam.

2021

Gautam Thapar was arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA).

Gautam Thapar : FAQs

What is Gautam Thapar's net worth?

As of 2012, Gautam Thapar's net worth was $1.40 billion.

What are Gautam Thapar's main sources of wealth?

Gautam Thapar's main source of income comes from Engineering, Paper.

In which industry does Gautam Thapar primarily operate?

Gautam Thapar is primarily involved in the Construction & Engineering industry.

What is Gautam Thapar educational background?

Gautam Thapar holds a Bachelor of Arts / Science from Pratt Institute.

How old is Gautam Thapar?

Gautam Thapar is 65 years old.

How many children does Gautam Thapar have?

Gautam Thapar has 4 children.

Who is Gautam Thapar and what is his role in the Avantha Group?

Gautam Thapar is an Indian businessman and the chairman of Avantha Group, a prominent business conglomerate in India. He is part of the Thapar family and represents the third generation of the business family founded by Karam Chand Thapar.

What are some key milestones in Gautam Thapar's business career?

Key milestones in Gautam Thapar's business career include turning around BILT's chemical division to profitability within a year, becoming Chairman of Crompton Greaves in 2004, and succeeding Lalit Mohan Thapar as Chairman of the Avantha Group in 2006.

What allegations of fraud have been made against Gautam Thapar?

Gautam Thapar faced allegations of fraud when he was sacked as Chairman of CG Power and Industrial Solutions in 2019 due to a financial scam. Investigations revealed major governance and financial lapses, leading to his probe by the Enforcement Directorate for money laundering involving Yes Bank, and his arrest under the Prevention of Money Laundering Act in 2021.

How has Gautam Thapar contributed to non-business activities?

Gautam Thapar has contributed significantly to non-business activities by serving as President of Thapar University, former Chairman of Ananta Aspen Centre, being on the Board of Governors of The Doon School and NITIE, promoting golf as president of the Professional Golf Tour of India, and organizing the Avantha Masters, India's richest golf event.

What awards has Gautam Thapar received for his contributions to business?

Gautam Thapar received the Ernst & Young Entrepreneur of the Year Award for Manufacturing in 2008, recognizing his significant contributions to the business sector.