Avantha Group
Company type | Public company |
---|---|
Industry | Conglomerate |
Founded | 1919 1998 |
Headquarters | New Delhi , India |
Key people | Gautam Thapar (Chairman) |
Products | power generation and distribution, power transmission and distribution equipment and services, paper and pulp, farm forestry, and infrastructure |
Number of employees | 25,000 (2013) |
Website | avanthapower.com |
Avantha Group is an Indian business conglomerate. Its businesses include power generation and distribution, power transmission and distribution equipment and services, paper and pulp, farm forestry, and infrastructure.[1]
Divisions
Avantha Group operates in 90 countries with over 25,000 employees worldwide. Business units include:
- Crompton Greaves, (CG) India's largest power transmission and distribution equipment company, 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 United States, also in 2008,
- Power Technology Solutions UK in 2010
- Three business in Nelco India in 2011
- Emotron Sweden in 2011
- QEI Inc, USA and
- ZIV Group, Spain in 2012
- Ballarpur Industries (BILT), India's largest paper manufacturer, listed on the Indian Stock exchanges.
- BILT acquired Sabah Forest Industries (SFI) of Malaysia in 2007.
- Avantha Power & Infrastructure, a company involved in power generation. On 16 August 2021 the company announced the commencement of insolvency.[2]
- Biltech Building Elements, which manufactures lightweight autoclaved aerated concrete (AAC) from fly ash.
See also
- Gautam Thapar
- Karam Chand Thapar
- L. M. Thapar
- Thapar Group
References
External links
- Avantha Group official website
- The Economist article