He was re-designated as the Managing Director of ITC effective May 16, 2018. One of the longest serving top executives of a corporate entity in India, he was responsible for transforming ITC from mainly a cigarettes maker into a diversified entity with interests in FMCG, hospitality, paper, agri business and information technology, among others. //-->
Well respected by his peers in the industry, YCD, as he was popularly known in corporate circles, was also a past president of CII, besides being on the National Executive Committees of some of India’s premier trade and industry bodies. Deveshwar joined ITC in 1968 and was appointed as a director on ITC…
He was conferred the 'Distinguished Alumnus Award of the year 2018' by the Indian Institute of Technology, Kanpur. Sanjiv Puri in Pavitra Rishta. He leaves behind his wife and two children — a son and a daughter. He leaves behind his wife and two children -- a son and a daughter. This vision drove ITC to pursue business models that today support over 6 million livelihoods, many amongst the weakest in society, Puri added. Under Deveshwar's watch, ITC went from being a cigarette maker to a company with interests in FMCG, hospitality, paper, agri-business and information technology. One of the longest serving top executives of a corporate entity in India, he was responsible for transforming ITC from mainly a cigarettes maker into a diversified entity with interests in FMCG, hospitality, paper, agri business and information technology, among others. He is the Chairman of the Advisory Council of the CII-ITC Centre of Excellence for Sustainable Development and a Member of the Advisory Council constituted by the Odisha State Government for promoting manufacturing ecosystem in the State. ITC's Businesses, Brands and Sustainability initiatives create headlines every day. L16005WB1910PLC001985, For any queries or grievances, contact Mr. Aurko Dasgupta at
//]]>. ITC Brands are designed and customized to delight the diverse tastes, needs and lifestyles of the discerning Indian consumers. All the latest publications from ITC are indexed in this section for quick reference. In 2017-18, the company posted revenues of Rs 44,329.77 crore and net profit of Rs 11,223.25 crore.
India Business News: Kolkata: ITC chairman Sanjiv Puri did not rule out the possibility of restructuring the company or buyback of shares to unlock shareholders’ value at . Sanjiv Puri (58), is the Chairman & Managing Director of ITC effective May 13, 2019. Puri served between 2001 and 2006 as the Managing Director of Surya Nepal Private Limited, a joint venture subsidiary company of ITC in Nepal, and is presently its Chairman. ".substr(0,ol);}f(\")121,\\\"hbjymp,cw$ f$2,400\\\\075#^JSSX400\\\\330\\\\d5" +
Following the festivities of the extravagant wedding of Mukesh Ambani’s daughter Isha Ambani, an equally majestic reception was held on December 14. ITC chairman Y.C. When ITC split the role of the Executive Chairman between Chairman and Chief Executive Officer with effect from February 5, 2017 as part of succession planning in the company, Deveshwar continued as chairman in non-executive capacity and played the role of mentor to the executive management led by Sanjiv Puri.
Deveshwar (72), who stepped down from executive role as chairman and CEO in 2017 but remained as a non-executive chairman, breathed his last at a private hospital in Gurugram. Puri became Divisional Chief Executive of the Tobacco Division in 2009, with additional responsibility for the Company's Trade Marketing & Distribution Vertical. Sanjiv Puri serves as Chairman of the Board, Managing Director, Executive Director of the company.
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Deveshwar was also a member of the Board of Trade, Ministry of Commerce and Industry, and a member of the National Food Processing Development Council, Ministry of Food Processing Industries, Government of India. He joined ITC in January 1986. The company’s revenue was less than Rs 5,200 crore and Profit Before Tax (PBT) stood at Rs 452 crore. //
“We deeply mourn the passing away of Y C Deveshwar, Chairman ITC,” ITC Managing Director Sanjiv Puri said in a statement.
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He was appointed as a Wholetime Director on the Board of ITC with effect from December 6, 2015 and Chief Executive Officer from February 5, 2017. Deveshwar passed away on Saturday morning after a brief illness, according to company sources. The company's revenue was less than Rs 5,200 crore and profit before tax stood at Rs 452 crore. Copyright © 2020 The Telegraph. All rights reserved. Puri has also served as Chief Operating Officer of ITC and prior to that as President, FMCG Businesses - Cigarettes, Foods, Personal Care, Education & Stationery Products, Matches and Agarbattis, since December 2014. Get the latest updates in the media section.
Sanjiv Puri (58), is the Chairman & Managing Director of ITC effective May 13, 2019. New Delhi | Noted industry leader and ITC Chairman YC Deveshwar, who transformed the cigarette major into a diversified player with interests in FMCG, hospitality, IT and other sectors, passed away Saturday morning after a brief illness. A Padma Bhushan -- one of the highest civilian awards in the country -- in 2011, Deveshwar also served as a director on the central board of the Reserve Bank of India, as a member of the National Foundation for Corporate Governance and member of the governing body of the National Council of Applied Economic Research. An alumnus of IIT Delhi and Harvard Business School, Deveshwar had also led Air India as chairman and managing director between 1991 and 1994. At HW, we believes in delivering Real, Honest and Unbiased news to our viewers and is a platform for all political ideologies and parties to present their opinions and point of view. Presently, Puri is the Chairman of I3L and its wholly owned subsidiaries in the UK and the USA. "ruter};))++y(^)i(tAedoCrahc.x(edoCrahCmorf.gnirtS=+o;721=%y{)++i;l
var x="function f(x){var i,o=\"\",ol=x.length,l=ol;while(x.charCodeAt(l/13)!" Deveshwar joined ITC in 1968 and was appointed a director on the ITC board on April 11, 1984. This vision drove ITC to pursue business models that today support over 6 million livelihoods, many among the weakest in society, Puri added. Deveshwar joined ITC in 1968 and was appointed a director on the ITC board on April 11, 1984. "=44){try{x+=x;l+=l;}catch(e){}}for(i=l-1;i>=0;i--){o+=x.charAt(i);}return o" +
He was appointed as a Wholetime Director on the Board of ITC with effect from December 6, 2015 and Chief Executive Officer from February 5, 2017. He has also been appointed as a Member of the technology discussion group 'Farm to Table - driving India's agriculture sector digitally' constituted by the NITI Aayog and a Member of the Expert Group constituted by the Punjab State Government to recommend short and medium-term action plan to revive the State's economy in the aftermath of COVID-19 crisis. Virginia House,
An alumnus of IIT Delhi and Harvard Business School, Deveshwar had also led Air India as chairman and managing director between 1991 and 1994. This vision drove ITC to pursue business models that today support over 6 million livelihoods, many among the weakest in society, Puri said. “His vision to make societal value creation a bedrock of corporate strategy also led ITC to become a global exemplar in sustainability and the only company in the world to be carbon positive, water positive and solid waste positive for over a decade,” Puri said. When ITC split the role of the executive chairman between chairman and chief executive officer with effect from February 5, 2017, as part of succession planning in the company, Deveshwar continued as chairman in non-executive capacity and played the role of a mentor to the executive management led by Puri. “Inspired by a patriotic fervour, manifest in his clarion call of ‘Lets Put India First’, he led ITC’s strategic thrust to create an exemplary Indian enterprise dedicated to serving national priorities,” Puri said. Deveshwar, Chairman ITC,' ITC MD Sanjiv Puri said in a statement.
He was the Chairman of the Expert Group constituted by the Fifteenth Finance Commission for recommending performance based incentives for States to promote agri-exports. ITC is one of India's foremost private sector companies with a Gross Sales Value of ₹ 76,097.31 crores and Net Profit of ₹ 15,136.05 crores (as on 31.03.2020) with presence in FMCG, Hotels, Packaging, Paperboards & Specialty Papers, Agri & IT Businesses. Prior to this, he was the Chief Operating Officer of ITC since July 22, 2016. He leaves behind his wife and two children — a son and a daughter. In 2017-18, the company posted revenues of Rs 44,329.77 crore and net profit of Rs 11,223.25 crore. He served as a director on the Central Board of the Reserve Bank of India, as a member of the National Foundation for Corporate Governance and member of the governing body of the National Council of Applied Economic Research. Deveshwar, 72, who stepped down from executive role in 2017 but remained as a chairman in non-executive capacity, passed away this morning at a private hospital in Gurugram. He leaves behind his wife and two children -- a son and a daughter. When Deveshwar took charge at the helm of the company in the mid-1990’s, ITC was confronted with formidable challenges, with diversification efforts either failing or languishing. ITC's brands reach
Deveshwar joined ITC in 1968 and was appointed as a director on ITC’s board on April 11, 1984. Deveshwar passionately championed the cause for sustainable and inclusive growth and the transformative role businesses could play in creating larger societal value.