Company Overview of Avantha Group
Avantha Group operates in pulp and paper, power transmission and distribution equipment and services, food processing, farm forestry, chemicals, energy, infrastructure, information technology, and information technology-enabled services businesses. It engages in the manufacture of writing and printing papers; management and application of electrical energy; design, manufacture, and marketing of electrical products; cultivation, processing, and marketing of gherkins, jalapenos, pearl onions, capers, pritamin peppers, sweet and sour cherries, and sweet corn; manufacture of bromine and bromine chemicals, phosphoric acid, caustic soda, and chlorine; generation of electric power; and production o...
New Delhi, 110 001
Founded in 1919
Key Executives for Avantha Group
Chairman and Chief Executive Officer
Group Director of Finance and Member of Management Board
Chief Executive Officer of The Global Green Company Limited
President of Group Strategy & Business Planning
Compensation as of Fiscal Year 2013.
Avantha Group Key Developments
Avantha Group Establishes Full-Fledged Office in Dubai Silicon Oasis
Oct 11 13
Avantha Group Company CG has inaugurated its full-fledged office in the free trade zone of Dubai Silicon Oasis (DSO). This regional office will promote and distribute the full CG offering for its customers. The office has a IT infrastructure and a tier 3 data centre. It will service Utilities, Oil & Gas, Power, Metals and Mining, Industrial and Original Equipment Manufacturers (OEMs). CG, formerly operating under Pauwels and Crompton Greaves, has been serving the Middle East customers for over 25 years; this new office has a fully supported Multi Business platform. As a result, the region's local customers will now have CG's experts in motors/drives, T & D equipment, automation and services. This region represents large potential market for CG and is estimated at $10 billion.
Avantha Power Eyes IPO In July – August
Jan 3 13
Avantha Power & Infrastructure Limited is looking to come with its Initial Public Offering (IPO) in July 2013 - August 2013 and is aiming to raise INR 12.5 billion – INR 15 billion, B Hariharan, Group Director Finance at Avantha Group, said.
ERGO Versicherungsgruppe AG and Avantha Group Sign Joint Venture Agreement in India
Nov 1 12
ERGO Versicherungsgruppe AG and the Avantha Group announce a joint venture in India. The joint venture will offer a wide range of flexible life insurance products. The agreement was signed by Gautam Thapar, Chairman and CEO of Avantha, and Dr. Jochen Messemer, Chairman of the Board of ERGO International AG. The new company is expected to start business operations at the beginning of 2014, subject to regulatory approval. The company will be named Avantha ERGO Life Insurance Company Ltd. and will operate as a Greenfield joint venture. The Avantha Group will hold a 74% stake and ERGO will have an initial stake of 26%, currently the maximum possible shareholding for a foreign investor in an Indian insurance company. ERGO aims to increase its shareholding once the regulatory framework allows it to do so. The life insurance joint venture, with its head office in Mumbai, will primarily offer unit-linked and traditional insurance products to its customers. The Joint venture will primarily leverage among others.
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