L. M. Thapar
Encyclopedia
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 industrial powerhouses such as Crompton Greaves
, BILT and JCT Mills. Inder Mohan Thapar, Brij Mohan Thapar and Man Mohan Thapar are his brothers. http://economictimes.indiatimes.com/articleshow/1489841.cms
He was educated at the prestigious Doon School. He graduated in engineering from the University of Southern California
, USA. He became Chairman of Ballarpur Industries Limited in 1962.http://www.bilt.com/investor/directors_1.asp?id=7. He died of cardiac and renal failure in New Delhi
on January 17, 2007.
In 2005, he handed over the reins of his business empire to his nephew Gautam Thapar
(son of Brij Mohan Thapar). He left his voting rights, shares and most of his personal effects to Gautam in his will.
http://www.bilt.com , Bilt Paper Holdings Limited, Orient Engineering and Commercial Company Limited, The Pioneer
, Sohna Stud Farm Pvt Limited, TT & G Trading Pvt Limited, iBilt Technologies Limited, Bilt Middle East Pvt Limited, Himalayan Hideaways Pvt Limited, Karam Chand Thapar & Bros Limited, Lavasa Corporation Limited and KCT Papers Limited are some companies of the erstwhile Thapar Group that he has been a director of.
was established by Lala Karam Chand Thapar. After his death in 1963, his third son, L.M. Thapar, took over the Group, which then included the Oriental Bank of Commerce, as well as Oriental Insurance. Both these companies were subsequently nationalised. Other Group companies and concerns in India are or were The Pioneer, Greaves Cotton, JCT Mills, JCT Electronics http://www.jctel.com/, Crompton Greaves
and Ballarpur Industries. Up to the early '80s, the Thapar Group was one of the top 10 Indian business houses.
With the division of the Thapar family assets, L.M. Thapar inherited among other companies, BILT. Today, BILT is run by his nephew, Gautam Thapar, under the Avantha Group
.
Karam Chand Thapar
Karam Chand Thapar was the founder of the Thapar Group of companies.He was originally from Punjab. He started his career in 1920 as a coal trader in Calcutta, and built up the family fortune through . He then started JCT Limited that is into textiles as well as molasses and alcohol...
, the founder of the Thapar Group of companies that owned industrial powerhouses such as Crompton Greaves
Crompton Greaves
Crompton Greaves is an Indian multinational engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution based in Mumbai. Its part of Avantha Group. - History :...
, BILT and JCT Mills. Inder Mohan Thapar, Brij Mohan Thapar and Man Mohan Thapar are his brothers. http://economictimes.indiatimes.com/articleshow/1489841.cms
He was educated at the prestigious Doon School. He graduated in engineering from the University of Southern California
University of Southern California
The University of Southern California is a private, not-for-profit, nonsectarian, research university located in Los Angeles, California, United States. USC was founded in 1880, making it California's oldest private research university...
, USA. He became Chairman of Ballarpur Industries Limited in 1962.http://www.bilt.com/investor/directors_1.asp?id=7. He died of cardiac and renal failure in New Delhi
New Delhi
New Delhi is the capital city of India. It serves as the centre of the Government of India and the Government of the National Capital Territory of Delhi. New Delhi is situated within the metropolis of Delhi. It is one of the nine districts of Delhi Union Territory. The total area of the city is...
on January 17, 2007.
Personal
Single and a resident of New Delhi's upmarket Amrita Shergill Marg, L.M. Thapar was fond of the good life and was known for being charming and polished. He was an avid art collector, with an impressive personal gallery of some of the finest works of art. His bon vivant persona was highlighted in most of his obituaries. http://www.businessworld.in/jan2907/news04.aspIn 2005, he handed over the reins of his business empire to his nephew Gautam Thapar
Gautam Thapar
Gautam Thapar is an Indian businessman, who is the chairman and the chief executive officer of the Avantha Group. Thapar is a billionaire and appears on the Forbes list with an estimates net worth of $2 billion...
(son of Brij Mohan Thapar). He left his voting rights, shares and most of his personal effects to Gautam in his will.
Companies
Ballarpur Industries LimitedBallarpur Industries Limited
Ballarpur Industries Limited is a flagship of the US$ 4 bn Avantha Group and 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...
http://www.bilt.com , Bilt Paper Holdings Limited, Orient Engineering and Commercial Company Limited, The Pioneer
The Pioneer (daily)
The Pioneer is a medium-sized English language newspaper in India.It is published from multiple locations in India, including Delhi. It is the second oldest English language newspaper in India that is operational...
, Sohna Stud Farm Pvt Limited, TT & G Trading Pvt Limited, iBilt Technologies Limited, Bilt Middle East Pvt Limited, Himalayan Hideaways Pvt Limited, Karam Chand Thapar & Bros Limited, Lavasa Corporation Limited and KCT Papers Limited are some companies of the erstwhile Thapar Group that he has been a director of.
Group
The Thapar GroupThapar Group
The Thapar group was started by Karam Chand Thapar; till the 1970s and the early 1980s it was one of the top 10 business houses of India. Karam Chand Thapar died in 1963, and his third son L.M. Thapar took over the group, which then included the , as well as Oriental Insurance. Both these companies...
was established by Lala Karam Chand Thapar. After his death in 1963, his third son, L.M. Thapar, took over the Group, which then included the Oriental Bank of Commerce, as well as Oriental Insurance. Both these companies were subsequently nationalised. Other Group companies and concerns in India are or were The Pioneer, Greaves Cotton, JCT Mills, JCT Electronics http://www.jctel.com/, Crompton Greaves
Crompton Greaves
Crompton Greaves is an Indian multinational engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution based in Mumbai. Its part of Avantha Group. - History :...
and Ballarpur Industries. Up to the early '80s, the Thapar Group was one of the top 10 Indian business houses.
With the division of the Thapar family assets, L.M. Thapar inherited among other companies, BILT. Today, BILT is run by his nephew, Gautam Thapar, under the Avantha Group
Avantha Group
Avantha Group is a business conglomerate in India chaired by Gautam Thapar. The US$ 4 billion company is one of India’s largest business conglomerates...
.
External links
- http://www.economist.com/business-finance/displaystory.cfm?story_id=15869456