Gautam Thapar’s profile picture

Gautam Thapar

Gautam Thapar’s profile picture
Net worth 2018: $1.4 Billion
Country: India
BirthDay: 7 December 1960
Sigh: Capricorn
Children: 4
Education: Bachelor of Arts / Science, Pratt Institute
BIOGRAPHY

Gautam Thapar was bornon 7 December 1960 in India. Chemical engineer Gautam Thapar's net worth is down nearly half a billion as his Avantha Group's main businesses struggled. Shares of his flagship Crompton Greaves, maker of power equipment fell 16%, weighed down by rising costs, Chinese competition and weak European markets. Paper firm Ballarpur Industries saw margins fall due to supply glut. Group is reportedly mulling an insurance venture with Ergo, arm of Munich Re.

NET WORTH STATISTIC
2010

$1.6 Billion

2011

$2 Billion

2012

$1.4 Billion

2018

$1.4 Billion

TIMELINE
2013

In July 2013, King's College, London conferred an Honorary Fellowship inrecognition of Gautam's 'exceptional achievements in the fields of industry and philanthropy'

2010

In 2010, he took over as the chairman of the board of governors of the Mumbai-based business school NITIE, for a 4-year period

2008

He received the Ernst & Young Entrepreneur of the Year Award for Manufacturing in 2008

2006

Gautam Thapar became the Chairman of the Group on 1 July 2006

2005

In 2005, he handed over the reins of the business empire to Gautam, along with his voting rights, shares and most of his personal effects in his will

2004

Gautam became the Chairman of Crompton Greaves on 22 July 2004

1999

The family's assets were divided into four in 1999, with Gautaum's older brother Karan parting ways in 2005

1960

Gautam Thapar (born 7 December 1960) is an Indian businessman and founder of the Avantha Group

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