M S Banga
Encyclopedia
Manvinder Singh Banga is a senior partner at the private equity fund
Clayton Dubilier & Rice. He was previously a senior executive at Unilever
as the Global President for Foods, Home & Personal Care - running all the categories, and was the lead internal candidate for the CEO position. Prior that position he was the CEO of Hindustan Lever Limited
, one of largest companies in India
. He is a Non-Executive Director on the Board of Thomson Reuters ($40B enterprise value
), Marks & Spencer PLC, and the Prime Minister's Council for Trade & Industry, and was awarded the Padma Bhushan - one of India's highest civilian honours - in 2010.
Mr Banga is an alumnus of the Indian Institute of Management, Ahmedabad, India's premier management education institute.
He was born on October 31, 1954 in Shimla
to Jaswant and Harbhajan Singh Banga. His father was a general in the Indian Army. Early childhood saw Manvinder Singh (better known as Vindi) crisscross the country, living in small villages and larger towns, wherever his father was posted. Schooling however was a more settled affair, and he attended Delhi Public School
, going on to graduate from the Indian Institute of Technology, Delhi in 1975 with a gold medal and a BTech degree in Mechanical Engineering
. From Delhi
he moved to Ahmedabad
to study at the Indian Institute of Management (IIM-A), where he met his wife, Kamini. Here too Vindi earned a gold medal.
In May 2000, Vindi was elected chairman and CEO of one of India's largest and most respected companies, Hindustan Lever Ltd. At the time, he was the youngest CEO to ever have been appointed.
In February 2005, as part of a major reorganization of Unilever's upper management, Banga was elevated to the Unilever Executive, as the global head of the Foods division. In 2008, he was given additional responsibility for the Home and Personal Care Division, assuming the title of President, Foods and Home & Personal Care - effectively running all the categories across the globe. He was also in charge of the sustainability agenda for Unilever, as well as the R&D function.
At this point, he was generally considered the lead candidate for the CEO position. However, in 2009, following the appointment of an external CEO, he departed to join Clayton Dubilier & Rice as a senior partner.
He is currently a Non-Executive Director on the Board of Thomson Reuters, Marks & Spencers PLC, and the Prime Minister's Council for Trade & Industry, and was awarded the Padma Bhushan - one of India's highest civilian honours - by the President of India in 2010.
, was previously the Head of the Global Consumer Group and subsequently the Head of Citigroup Asia. He is now the President and Chief Executive Officer at Mastercard
. He is also on the Board of Kraft, Inc.
Private equity fund
A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity....
Clayton Dubilier & Rice. He was previously a senior executive at Unilever
Unilever
Unilever is a British-Dutch multinational corporation that owns many of the world's consumer product brands in foods, beverages, cleaning agents and personal care products....
as the Global President for Foods, Home & Personal Care - running all the categories, and was the lead internal candidate for the CEO position. Prior that position he was the CEO of Hindustan Lever Limited
Hindustan Lever Limited
Hindustan Unilever Limited is India's largest fast moving consumer goods company owned by the European company Unilever. The Anglo-Dutch company Unilever owns a 52% majority stake....
, one of largest companies in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. He is a Non-Executive Director on the Board of Thomson Reuters ($40B enterprise value
Enterprise value
Enterprise value , Total enterprise value , or Firm value is an economic measure reflecting the market value of a whole business. It is a sum of claims of all the security-holders: debtholders, preferred shareholders, minority shareholders, common equity holders, and others...
), Marks & Spencer PLC, and the Prime Minister's Council for Trade & Industry, and was awarded the Padma Bhushan - one of India's highest civilian honours - in 2010.
Mr Banga is an alumnus of the Indian Institute of Management, Ahmedabad, India's premier management education institute.
He was born on October 31, 1954 in Shimla
Shimla
Shimla , formerly known as Simla, is the capital city of Himachal Pradesh. In 1864, Shimla was declared the summer capital of the British Raj in India. A popular tourist destination, Shimla is often referred to as the "Queen of Hills," a term coined by the British...
to Jaswant and Harbhajan Singh Banga. His father was a general in the Indian Army. Early childhood saw Manvinder Singh (better known as Vindi) crisscross the country, living in small villages and larger towns, wherever his father was posted. Schooling however was a more settled affair, and he attended Delhi Public School
Delhi Public School
Delhi Public School may refer to the following:* Delhi Public School Society, an umbrella organization for 95 private schools in India and other countries including:** Delhi Public School, Bangalore** Delhi Public School, Bathinda...
, going on to graduate from the Indian Institute of Technology, Delhi in 1975 with a gold medal and a BTech degree in Mechanical Engineering
Mechanical engineering
Mechanical engineering is a discipline of engineering that applies the principles of physics and materials science for analysis, design, manufacturing, and maintenance of mechanical systems. It is the branch of engineering that involves the production and usage of heat and mechanical power for the...
. From Delhi
Delhi
Delhi , officially National Capital Territory of Delhi , is the largest metropolis by area and the second-largest by population in India, next to Mumbai. It is the eighth largest metropolis in the world by population with 16,753,265 inhabitants in the Territory at the 2011 Census...
he moved to Ahmedabad
Ahmedabad
Ahmedabad also known as Karnavati is the largest city in Gujarat, India. It is the former capital of Gujarat and is also the judicial capital of Gujarat as the Gujarat High Court has its seat in Ahmedabad...
to study at the Indian Institute of Management (IIM-A), where he met his wife, Kamini. Here too Vindi earned a gold medal.
In May 2000, Vindi was elected chairman and CEO of one of India's largest and most respected companies, Hindustan Lever Ltd. At the time, he was the youngest CEO to ever have been appointed.
In February 2005, as part of a major reorganization of Unilever's upper management, Banga was elevated to the Unilever Executive, as the global head of the Foods division. In 2008, he was given additional responsibility for the Home and Personal Care Division, assuming the title of President, Foods and Home & Personal Care - effectively running all the categories across the globe. He was also in charge of the sustainability agenda for Unilever, as well as the R&D function.
At this point, he was generally considered the lead candidate for the CEO position. However, in 2009, following the appointment of an external CEO, he departed to join Clayton Dubilier & Rice as a senior partner.
He is currently a Non-Executive Director on the Board of Thomson Reuters, Marks & Spencers PLC, and the Prime Minister's Council for Trade & Industry, and was awarded the Padma Bhushan - one of India's highest civilian honours - by the President of India in 2010.
Personal life
Mr. Banga's brother, Ajay BangaAjay Banga
Ajay Banga is the current president and chief executive officer of MasterCard.MasterCard announced on April 12, 2010 that Ajay Banga, previously MasterCard’s president and chief operating officer, had been named by the Board of Directors to serve as the company’s president and chief executive...
, was previously the Head of the Global Consumer Group and subsequently the Head of Citigroup Asia. He is now the President and Chief Executive Officer at Mastercard
MasterCard
Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...
. He is also on the Board of Kraft, Inc.