Gautam Thapar Net Worth $1.05 Billion
He is the 60th richest man in India and was rated 913rd in the record of World Billionaires. Born on December 7, 1960, he studied chemical engineering at Pratt Institute in America. Thapar started amassing his estimated net worth of $1.05 billion as a factory helper in a manufacturing unit of Thapar Group. Gautam gained the attention of Lalit Mohan and he rapidly promoted through the ranks. Gautam is known for turn arounds and his first was with the Andhra Pradesh Rayons (APR). Gautam also did the same for the new export oriented business in BILT which contained leather, shoes and foods. Gautam Thapar is among the few whose net worth went down by nearly half a billion. The primary businesses of Avanta group have fought. His shares in the main Crompton Greaves, the maker of power gear, also dropped by 16% as a result of the growing costs, Chinese rivalry, and poor European markets. Its paper business Ballarpur Industries saw margins drop due to supply glut. The Group is reported mulling an insurance venture with Ergo, the arm of Munich Re. In 1999, the family’s assets were divided into four. Gautam’s older brother parted ways in 2005. He was named the Chairman of Avanta Group on July 1, 2006. Now, he’s about the Board of several firms in India and abroad.