Avantha Group
Encyclopedia
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. Its businesses include power generation and distribution, power transmission and distribution equipment and services, paper and pulp, food processing, farming, forestry, chemicals, infrastructure, Information Technology and Information Technology Enabled Service (ITeS), also referred to as business process outsourcing (BPO).
Avantha Group operates in fifteen countries with 20,000 employees. Business units include, Crompton Greaves
, (CG) India’s largest power transmission and distribution equipment company, and Ballarpur Industries (BILT), India’s largest paper manufacturer, both listed on the Indian Stock exchanges. CG acquired Pauwels (Belgium) in 2005, Ganz
(Hungary) in 2006, Microsol (Ireland) in 2007, Sonomatra (France) in 2008, MSE Power Systems (USA) in 2008 and Power Technology Solutions (UK) in 2010. BILT acquired Sabah Forest Industries (SFI) of Malaysia in 2007. Another group entity, The Global Green Company, acquired Intergarden (Belgium) and Puszta Konzerv (Hungary), while in 2010, the group announced the acquisition of US-based Pyramid Healthcare Solutions, a healthcare BPO firm.
Other group entities include Solaris ChemTech Industries, Avantha Power & Infrastructure, Biltech Building Elements, Salient Business Solutions and Avantha Technologies. Solaris ChemTech Industries is India’s largest manufacturer of bromine, brominated flame retardants, specialty bromine chemicals, and orthophosphoric acid. Avantha Power & Infrastructure is involved in power generation, while Biltech Building Elements manufactures lightweight autoclaved aerated concrete (AAC) from fly ash. Salient Business Solutions and Avantha Technologies are IT and IT-enabled services companies.
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
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...
chaired by 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 $2 billion...
. The US$ 4 billion company is one of India’s largest business conglomerates. Its businesses include power generation and distribution, power transmission and distribution equipment and services, paper and pulp, food processing, farming, forestry, chemicals, infrastructure, Information Technology and Information Technology Enabled Service (ITeS), also referred to as business process outsourcing (BPO).
Avantha Group operates in fifteen countries with 20,000 employees. Business units include, 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 :...
, (CG) India’s largest power transmission and distribution equipment company, and Ballarpur Industries (BILT), India’s largest paper manufacturer, both listed on the Indian Stock exchanges. CG acquired Pauwels (Belgium) in 2005, Ganz
Ganz
The Ganz electric works in Budapest is probably best known for the manufacture of tramcars, but was also a pioneer in the application of three-phase alternating current to electric railways. Ganz also made / makes: ships , bridge steel structures , high voltage equipment...
(Hungary) in 2006, Microsol (Ireland) in 2007, Sonomatra (France) in 2008, MSE Power Systems (USA) in 2008 and Power Technology Solutions (UK) in 2010. BILT acquired Sabah Forest Industries (SFI) of Malaysia in 2007. Another group entity, The Global Green Company, acquired Intergarden (Belgium) and Puszta Konzerv (Hungary), while in 2010, the group announced the acquisition of US-based Pyramid Healthcare Solutions, a healthcare BPO firm.
Other group entities include Solaris ChemTech Industries, Avantha Power & Infrastructure, Biltech Building Elements, Salient Business Solutions and Avantha Technologies. Solaris ChemTech Industries is India’s largest manufacturer of bromine, brominated flame retardants, specialty bromine chemicals, and orthophosphoric acid. Avantha Power & Infrastructure is involved in power generation, while Biltech Building Elements manufactures lightweight autoclaved aerated concrete (AAC) from fly ash. Salient Business Solutions and Avantha Technologies are IT and IT-enabled services companies.
See also
- Gautam ThaparGautam ThaparGautam 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...
- Thapar University
- Karam Chand ThaparKaram Chand ThaparKaram 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...
- L. M. ThaparL. M. ThaparLalit 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...
- Thapar GroupThapar GroupThe 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...