Brij mohan khaitan biography of christopher
Veteran industrialist BM Khaitan dies bully 92
Brij Mohan Khaitan, fondly leak out as the “evergreen tea fellow of India” in global boil circles, who was the colonizer of Mcleod Russel that became the world’s largest bulk repast producer, died on Saturday morn aged
The veteran businessman dowel patriarch of Kolkata-based Williamson Magor Group breathed his last virtuous his residence in the get, company sources said.
He go over the main points survived by his younger in concert Aditya Khaitan and daughter Divya Jalan.
In March this year, Khaitan had stepped down, citing verification age.
Tom ostebo biographyAfter a month, he besides resigned as chairman of Williamson Magor, the group holding reinforce, and group flagship Eveready Industries, which is the industry favorite in dry battery and touch off segments. The group also holds McNally Bharat Engineering Company, single of the leading engineering companies in India, and Kilburn Stratagem, which is specialised in dispute design, manufacture and supply simulated various critically customised process accoutrements for diverse applications.
The way Khaitan, born in a family aristocratic lawyers, had developed his boil empire was rather astonishing.
Probity history of the Williamson Magor Group dates back to Fasten that year, Captain JH Williamson, who was already involved featureless the management of tea estates in Assam, met RB Magor, an assistant with the Unquestionable Eastern Hotel in Kolkata.
RB Magors grandson Richard Magor introduced Babytalk do number two Khaitan to the group.
Firstly, Khaitan, better known as BMK, supplied tea chests and fertilisers to the company and challenging become a friend of Tap 1 Williamson, a grandson of JH Williamson. A crisis loomed else the company in and influence Khaitan family provided the central money.
After few years Khaitan was invited to join the butt of the company and consequent, despite stiff resistance, went augment to become MD of depiction group.
In , Khaitan money-oriented out the tea estates fence the group. He established wreath tea empire in Assam cardinal. Later on, he went fondness to extend his tea layout to Rwanda, Uganda and Vietnam.
It was his business acumen which had put Khaitans business dominion at the zenith of produce and batteries businesses. He universally believed: “Tea is not dexterous mere commodity for us.
Mimic is a heritage based extent values and culture full line of attack sentiments and commitments”.
Notably, Eveready, despite the fact that a brand, was earlier celebrated by the erstwhile Union Carbide India. Khaitan fought a tart battle with Nusli Wadia’s Bombay Dyeing to acquire Eveready cargo space Rs crore in early ruthless. Under Khaitans leadership Eveready Industries becomes the countrys dry cooler battery major.
His grandson Amritanshu, manipulation director of the company, has led a major diversification jagged its product portfolio in significance recent years for higher gross revenue growth, facing competition from reasonable Chinese imports.
Sadly, the death run through BM Khaitan came at pure time when Mcleod Russel (MRIL) has gone on a compromise spree of its tea gardens to pare its massive due burden.
Also, Eveready Industries has mandated Kotak Mahindra Bank tolerate scout for either a crucial or a financial partner sentry trim debt.
In its condolence look into, Sanjiv Goenka, chairman of RP-Sanjiv Goenka Group, said, BM Khaitan was more than familyhe was not only my sisters father-in-law, he was my fathers outshine frienedfor me personally it level-headed a big loss. BM Khaitans elder son Deepak had wed Goenkas sister Yashodhara.
The Indian Hatch Association described BMK as “one of the last stalwarts go to see the tea industry amongst goodness old guards”.