|The genesis of the
Avantha Group lies in the erstwhile Thapar Group,
amongst India's top ten business houses, founded by Lala
Karam Chand Thapar in Calcutta (now Kolkata) more than
eighty years ago. India’s second largest producer of
coal prior to coal nationalisation, 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 were rebranded
as Avantha, and the new identity launched worldwide on
15th November 2007.
With a rich heritage and a modern outlook, the
organisation continues to evolve and expand. The key
drivers of growth remain strategic acquisitions and
exceptional financial structuring to tap opportunities
and fuel growth.
Though family owned, the organisation has always been
professionally managed, and lists employee development
and leadership training as core to its business success.