Avantha Group is more like a behind-the-scenes business group that does not have a lot of mentions in the headlines, but it is keeping up the good work in different segments. That’s why today we’re here with this post where we’ll discuss Avantha Group Net Worth, Owner, CEO, Head Office, and whatnot.
| Company Name | Avantha Group |
| Establishment Year | 1919 |
| Head Office | New Delhi |
| Owner/Founder | Thapar family lineage; current promoter-chairman: Gautam Thapar |
| CEO Name | Not publicly disclosed at group level; chairman is Gautam Thapar |
| Industry | Conglomerate: power, T&D equipment/services, paper & pulp, forestry, infrastructure |
| Net Worth or Market Cap | $708 Million |
| Total Revenue | $35.4M (as on Mar 31, 2022) |
Company Profile
See, it is true that the Avantha Group is basically a restructured family conglomerate of the kind that you do not often see. The story goes back to 1919 when Karam Chand Thapar founded the original conglomerate, and the whole thing was restructured in the middle of the 2000s. During the different years, the group had involvement in different sectors as one of the areas of its business were power generation, transmission, and distribution, paper, pulp, farm forestry, and infrastructure. Talking about their main head office, well, that’s down there in New Delhi.
Current Status
Gautam Thapar is definitely the one who is most closely associated with the Avantha Group and, in fact, is its chairman. However, the thing is, there is no CEO formally mentioned for the group at the moment. Talking about something of very current, well, in 2019, due to governance issues, Gautam Thapar was compelled to hand over the reins at CG Power, which, in effect, was a major turning point for the group.
Recent Updates And Future Outlook
Are you aware of the fact that the Enforcement Directorate (ED) in August 2024 took control of properties valued at ₹678 crore in a bank fraud case that implicated the group and its promoter, Gautam Thapar? News articles and Wikipedia entries have equally cited the changes in the management of CG Power and other investigations connected to the group.