The Thapar Group

Contents

Introduction

Founder of Thapar Group

Family Tree

Presence in various Industries

Main Brands and Companies

Division

AVANTHA Group

JCT Group

KCT Coal Sales

TICIL

ICPLIntroduction

Thapar Group was started by Lala Karam Chand Thapar in 1920s with production and distribution of coal, later in 1943 he established Karam Chand Thapar & Bros. (Coal Sales) Limited. He also took over the group owning Oriental Bank of Commerce and Oriental Insurance.He also diversified in Textile, Molasses and Alcohol by acquiring the Deoria Sugar Mills in the Gorakhpur District in 1936 andsetting up JCT Mills in 1946.Thapar Group also ventured in the field of Education with opening of Thapar Institute of Engineering and Technology in 1956 through an imaginative collaboration between the then State of Patiala and East Punjab States Union (PEPSU), the Central Government and thePatiala Technical Education Trust (PTET) founded by the great captain of Indian Industry, the Late Lala Karam Chand Thapar.

Founder of Thapar Group

Lala Karam Chand Thapar (19001963)

He started his career in 1920 as a coal trader inCalcutta, and built up the family fortune through Karam Chand Thapar and Bros in1943, the parent company of Karam Chand Thapar & Bros. (Coal Sales) Ltd. (KCT). As a leader, Karam Chand managed to consolidate a diverse group of investors and contractors, and incorporate them into his coal distribution network. He then began to rapidly acquire and develop coal mines in the states of Bihar, West Bengal, Madhya Pradesh and Maharashtra.

Karam Chand did not focus on coal alone but also ventured into other fields like Paper manufacturing with theBallarpur Industries Limited,Chemicals, Sugar and Textiles with JCT Limited, Banking and Insurance He took over Oriental Bank of Commerce and Oriental InsuranceEducation - he startedThapar Institute of Engineering and Technologywhich was given the status of Deemed University in 1985 and renamed asThapar University In the course of time, various companies owned and/or managed by Karam Chand were brought under its umbrella.

Family Tree

Presence in Various Industries

Production and distribution of coal with KCT Bros Ltd.

Textiles, molassesand alcohol with JCT Ltd.

Paper manufacturing with theBallarpur Industries Ltd.

Education with Thapar Institute of Engineering and Technology.

Chemicals with SolarisChemtech Industries

Engineered products with Crompton Greaves

Infrastructural Construction with Thapar Intrafor Company of India Limited

High End properties with ICPL

Main Brands and Companies

BILT

Bharat Starch

KCT bros

Greaves Cotton

Crompton Greaves

JCT ltd

JCT electronics

TICIL

ICPIL

Division

Inder Mohan ThaparBrij Mohan ThaparLalit Mohan Thapar Man Mohan Thapar

KCT BrosGreaves CottonAP RayonJCT Ltd

KCT Coal SalesCrompton GreavesBallarpur Industries Ltd (Bilt)JCT Electronics

Water Base and India City PropertiesBilt Chemicals

AVANTHA GROUP

Founder and ChairmanGautam Thapar is Founder and Chairman of the Avantha Group, a diversified multinational conglomerate with interests in engineering, pulp & paper, energy and life insurance.After studying chemical engineering in the U.S.A., Gautam returned to India and started his career as a factory assistant. He rose steadily and steered the organization through a strategic and visionary turnaround, involving resilience and restructuring. Gautam became Group Chairman in 2006. In 2008, he received the Ernst & Young Entrepreneur of the Year Award for Manufacturing.He has the distinction of being the first businessman to be appointed the National Security Advisory Board; Government of India's highest security organization. Gautam takes his social responsibilities seriously and has served as the Founder or Director of numerous philanthropic organizations and trusts. He is the Chairman of The Ananta Aspen Centre, Chairman of the CII-Avantha Centre for Competitiveness for SMEs, Past President of All India Management Association (AIMA). He is an AIMA Honorary Life Fellow and a Fellow of King's College, London.

About The US$ 4 bn Avantha Group is one of India's leading business conglomerates.The Group has business interests in diverse areas, including pulp and paper, power transmission and distribution equipment and services, food processing, farm forestry, chemicals, energy, infrastructure, information technology (IT) and IT-enabled services.With a global footprint, the Group operates in 90 countries with more than 25,000 employees worldwide.Group companies include Crompton Greaves Limited, India's largest power equipment company, and Ballarpur Industries Limited (BILT), India's largest paper manufacturer, both listed on the Indian stock exchanges.As part of its global expansion programme, the Group has acquired a host of companies from around the world. With these acquisitions, products from the Group are not just at the apex in India but ranked amongst the best in the world in their respective categories.Led by Founder & Chairman Mr. Gautam Thapar, the Avantha Group demonstrates strong leadership globally and emerges as a focused corporate, leveraging its knowledge, leadership and operations to add lasting value for its stakeholders and investors.History

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. Indias 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 Indias most respected institutions, including Oriental Bank of Commerce, Oriental Insurance and Thapar University, to name a few.The partition of the Thapar Groups 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.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.

Group Companies of Avantha Group

Ballarpur Industries Limited(BILT)

Crompton Greaves Limited(CG)

The Global Green Company Limited

Solaris ChemTech Industries Limited

Avantha Power and Infrastructure Limited

Biltech Building Elements Limited

Salient Business Solutions Limited

Crompton Greaves

AboutAs one ofthe world`s leading engineering corporations, CG provides end-to-end solutions, helping its customers use electrical power effectively and increase industrial productivity with sustainability. CG was established in 1937 in India; and, since then the Company has been a pioneer and has retained its leadership position in the management and application of electrical energy.Our unique and diverse portfolio ranges from transformers, switchgear, circuit breakers, network protection & control gear, project engineering, HT and LT motors, drives, lighting, fans, pumpsand consumer appliances and turnkey solutions in all these areas; thusenhancing the many aspects of industrial and personal life.This portfolio has beenstructured into 3 SBUs - Power Systems, Industrial Systems andConsumer Products. For detailsplease refer tothe panelon theright.Since 2005, CG has embarked upon an ambitious globalization strategy, growing both organically and inorganically, drawing into its fold leading international companies such as Pauwels, Ganz,Microsol, Sonomatra, MSE and PTS. Consequent to this globalisation, CG now enjoys manufacturing bases in Belgium, Canada, Hungary, Indonesia, Ireland, France, UK and US, in addition to more than twenty manufacturing locations in India, employing more than 8000 employees worldwide with diverse nationalities and cultures.A worldwide marketing network of more than 150 representatives spans the globe, offering the entire range of CGs products, solutions and services.CG has been aggressively investing in R&D, product certifications, product quality, productivity enhancement and operational excellence. CG`s Global R&D centre, located in India, has been recognised for its innovation and received the prestigious "National Award for the Best R&D Efforts" for its outstanding achievements in the Electrical Engineering Sector in 2008. CG`s R&D strategy aligns with the Company`s Global Vision, and focuses on creating platform technologies, shrinking product development cycle time and enhancing CGs Intellectual Property capital.Thanks to its well-structured and validated business model, CG is well positioned to provide its customers with technology-driven, value-added solutions, leveraging a broad product portfolio on the one hand, and enhancing the entire value-chain quality, delivery, and services on the other hand.

HistoryThe origins of CG can be traced back to the pioneering work of Colonel REB Crompton, who, in 1878 founded a business at Chelmsford, Essex, England under the name of REB Crompton & Co., to engage in the manufacture and contracting of electrical equipment.REB Crompton & Co. merged with F&A Parkinson Limited, thereby establishing Crompton Parkinson Limited (CPL) in England. In 1937, CPL established its wholly owned Indian subsidiary 'Crompton Parkinson Works Ltd.', in Mumbai, along with a sales organization, 'Greaves Cotton & Crompton Parkinson Ltd.'In the year 1947, with the dawn of the independence of India, the Company was taken over by Lala Karamchand Thapar, an eminent Indian industrialist who formed the Thapar Group. In 1966, Crompton Parkinson Works Ltd and Greaves Cotton & Crompton Parkinson Ltd. merged to create Crompton Greaves Limited (CG) in its present form.By 2005, the Company had emerged as one of the leading companies in the electrical engineering domain of India, in its three business areas of Power Systems, Industrial Systems and Consumer Products; and a serious contender in the global arena.CG established its international manufacturing footprint in the year 2005 by acquisition of the Belgium based Pauwels Group, which gave CG additional manufacturing facilities for Power and Distribution transformers at Belgium, Ireland, USA, Canada and Indonesia. This was followed with a series of successful acquisitions - Ganz, Hungary in 2006; Microsol, Ireland in 2007; Sonomatra, France; MSE, USA in 2008 and PTS, UK in 2010 in its quest to establish a technology edge, increase its global market reach and enhance the product portfolio. Initially, CG`s foreign acquisitions operated their respective businesses under their individual Brand names. To integrate these new entrants into the CG family, the first step was integration of processes, systems and technologies across all the acquired companies worldwide. The next step was to articulate the one single idea that provided a common thread through all the CG Group companies. We discovered our shared philosophy as "our core strength is the value we place on relationships, and the ability to provide solutions, which, in turn, strengthen these relationships". This realisation and initiative gave birth to CG`s new Brand Identity which was launched on 15th October, 2009, succinctly conveying this shared philosophy.Whilst the Company`s name in India will continue to be Crompton Greaves, the names of all the foreign companies in the CG family start with "CG", thus establishing their lineage and uniting every company in the CG family with a common face to the internal as well as the external world, globally.

Ballarpur Industries Limited (BILT)

AboutBallarpur Industries Limited (BILT) is Indias largest manufacturer of writing and printing (W&P) paper. BILTs subsidiaries include Ballarpur International Graphic Paper Holdings B.V. (BIGPH); BILT Graphic Paper Products Limited (BGPPL); Sabah Forest Industries (SFI), Malaysias largest pulp and paper company; and Bilt Tree Tech Limited (BTTL), which runs BILTs farm forestry programme in several states in India. Mr. R.R. Vederah is the Managing Director and Executive Vice Chairman.In India, the company has six manufacturing units, giving it geographic coverage over most of the domestic market. The company has a dominant share of the high-end coated paper segment in India. It accounts for over 53% of the coated wood-free paper market, an impressive 80% of the bond paper market and nearly 35% of the hi-bright Maplitho market, besides being India's largest exporter of coated and uncoated paper.

Building on its unmatched paper quality, BILT ventured into the paper-based office stationery segment. The company markets its stationery through a well-established network of 350 retail distributors spread over 270 locations. BILT has mega brands such as BILT Royal Executive Bond, BILT Copy Power, BILT Image Copier and BILT Matrix that have now become an integral part of office stationery. BILT Ten on Ten notebooks are targeted at students and are also available with licensed characters such as Barbie, Spiderman, Winnie the Pooh, Hotwheels, Jungle King and Hannah Montana. BILT Student Stationery has won Product of the Year award for the last three consecutive years. In 2008, BILT forayed into organised retail through P3 Paper, Print and Pens serving both B2C and B2B clients across India.In 2005, BILT entered into the tissue and hygiene business with two brands: Etiquette and Spruce-up. Since then, the company has acquired Premier Tissues India Limited, the leading player in hygiene tissue products in the domestic retail market.BILTs acquisition of SFI, Malaysia, in 2007 was a watershed event it was the first overseas acquisition by an Indian paper company, it transformed BILT into a major regional player, and elevated BILTs ranking among the global top 100.

JCT LIMITED

AboutJCT Limited, one of the leading manufacturer of textiles and filament yarn, is the flagship company of Thapar Group. With operations in two distinct businesses cotton, synthetic & blended textiles and nylon filament yarn JCT Limited is a market driven company fuelled by good work ethic, values and a high standard of performance. It is this culture that has helped establish the companys reputation as one of the finest in the country.JCT Limited was the first textile manufacturer in the country to introduce eco-friendly fabrics made of organic cotton and its textile division was the first in the industry to be accredited with an ISO 9001 certification in 1996. Over five decades, since it commenced production in 1946, the textile unit of JCT Limited has grown into one of the largest textile manufacturers in India. With integrated textile facility in Phagwara (Punjab), a daily production capacity of 63 million meters per annum, and a product range consisting of some of the finest cotton and blended fabrics, this division has made a mark both the domestic and international markets. And this has been driven by the desire to excel in every sphere of its operations - spinning, weaving and processing, as well as stringent quality control at each stage of production.

HistoryBy acquiring the Deoria Sugar Mills in the Gorakhpur District in 1936 founder Lala Karam Chand Thapar brought an associated electric supply company into his fold. After a quick succession of the sugar mills, he ventured into the business of insurance, dry ice, and refrigeration, starch and chemicals and paper. His ambition led him to acquire the Mahavir Insurance Co. Ltd.In 1946 Karam Chand started textile business by starting the Jagatjit Cotton Textiles Mills Ltd. At Phagwara in the Punjab. This mill produced unfinished cloth for export to the U.K. where it was further processed and mercerized.In early 1947 Karam Chand entrusted the planning of three other textile mills in Phagwara, Amritsar and Bhutwal to an Englishman, J.A. Meek, of Greaves Cotton and Co. Ltd. Later he asked his key colleagues to make an organization chart and manual as a guide-rail for the Thapar and served notice all that Karam Chand had begun to consolidate his vast empire and bring professionalism in Thapars businesses.

JCT limited setup its Filament Yarn division in 1980 in technical collaboration with Zimmer AG of West Germany. The modern high tech plant started commercial production in 1989.

Karam Chand Thapar & Bros. (Coal Sales) Ltd

AboutThe Thapar Group has been closely associated with the production and distribution of coal since its inception in 1929. Pre-nationalisation, the various Group companies, such as United Collieries Ltd., Oriental Coal Company Ltd., Bhora Kankanee Ltd., Tentulia Khas Company Ltd. etc., owned several coal mines across India, and were collectively considered the second largest producers of coal in the country. To better manage the sales and supplies of coal from the mines owned by various Group companies Karam Chand Thapar & Bros. (Coal Sales) Ltd. ["KCT" or "KCT (CS)"] was established in 1943.

Coal Services & Logistics ("CSL")

After nationalization of the coal mines, the Company focused its efforts on coal distribution and logistics, and reinforced its existing nation-wide infrastructure to provide a wide range of consumer oriented, coal related services.Today, it is the single largest coal handling agency in India. It deals with all major consumers of the fuel, both public and private sector, and are responsible for the entire set of logistical operations involved in the movement of approximately 60 million metric tons of coal per annum.

Thapar Intrafor Company Of India Limited (TiCil)

AboutIn 1954, KCT formed a JV with Intrafor Cofor of France, called Thapar Intrafor Cofor India Limited, for developing deep mines.The knowledge, expertise and experience acquired in the coal mining industry, supplemented by sophisticated technology from Intrafor Cofor of France made TICIL an acknowledged leader not only in mining but also in hydro-projects that use similar underground methods of tunnelling and construction. In 1983, this JV Company was merged with KCT and emerged as the construction arm of the Company specialising in underground works.

Over the past 36 years, TICIL has undertaken major shaft-sinking works and has executed numerous hydroelectric projects. In the field of hydropower, TICIL has emerged as one of the premier construction agencies successfully completing several major projects of National importance in India.

Timeline of Key Milestones

Indian City Properties Ltd. (ICPL)

AboutIndian City Properties Ltd. ("ICP") is the real estate arm of the KCT Group, one of India's leading business conglomerates. Incorporated in 1939, ICP remains a private limited company. With assets in commercial, retail and residential real estate, ICP owns and manages over five lac square feet of prime developed real estate across India. Several of the ICP properties are historic, landmark and heritage buildings that have come to define the cityscapes of Delhi, Mumbai and Kolkata.Under new leadership, ICP has evolved to not only realise the value of its inherited portfolio but to actively expand through the acquisition and development of prime properties. All ICP projects are executed with a view to creating a portfolio of iconic landmarks that will stand the test of time. All our developments focus on innovative design, superior quality construction and sustainable architecture. ICP partners with world renowned architects and interior design firms.With premium projects in Goa, Hyderabad, Kolkata and Delhi, ICP is poised to become a leading real estate developer.

Reference

Avantha Grouphttp://www.avanthagroup.com/ JCT LTDhttp://www.jct.co.in/ Greaves cottonhttp://www.greavescotton.com/ TICILhttp://www.ticil.com/ Indian City Propertieshttp://www.indiancityproperties.com/ Business Line http://www.thehindubusinessline.in/2007/01/19/stories/2007011905281300.htm The Rise, Fall & Rise Of Indian Business Familieshttp://www.businessandeconomy.org/14122006/storyd.asp?sid=641&pageno=8 Economic Timeshttp://articles.economictimes.indiatimes.com/2006-04-14/news/27436099_1_gautam-thapar-lm-thapar-bm-thapar