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 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.