Thapar was noted as an industrialist; however, in 2019, he faced allegations of financial fraud which negatively impacted his businesses and included Thapar losing control of his largest company.
15 Facts About Gautam Thapar
1.
2.
Gautam Thapar belongs to the third generation of the Thapar family, founded by his grandfather Karam Chand Thapar, in Kolkata.
3.
Karam Chand initially offered the reins of the family business to Gautum's father, Brij Mohan Gautam Thapar, bypassing his oldest son Inder Mohan Gautam Thapar.
4.
However, Brij Mohan passed on the chance to his younger brother Lalit Mohan Gautam Thapar, giving lack of desire and inability to shoulder the responsibility as the reasons.
5.
Gautam Thapar was educated at The Doon School and obtained his undergraduate degree from St Stephen's College.
6.
Gautam Thapar later studied for an advanced degree in chemical engineering at the Pratt Institute in the United States.
7.
Gautam Thapar showed profits within a year, by scrapping the company's expansion plans, selling off a few assets and trying to resolve labour concerns.
8.
Gautam Thapar became the Chairman of Crompton Greaves on 22 July 2004.
9.
When Lalit Mohan Gautam Thapar retired, he chose his nephew Gautam Thapar over Vikram.
10.
Gautam Thapar became the Chairman of the Group on 1 July 2006.
11.
Gautam Thapar was not initially Lalit Mohan's choice of heir and eventually gained control of his share of the Gautam Thapar Group businesses through a power struggle with his other family members.
12.
On 29 August 2019, Gautam Thapar was sacked as Chairman of CG Power and Industrial Solutions with immediate effect after an investigation that unearthed a multi crore financial scam at the firm.
13.
Gautam Thapar is the President of Gautam Thapar University and former Chairman of the Ananta Aspen Centre.
14.
Gautam Thapar was on the Board of Governors of his alma mater, the Doon School.
15.
Gautam Thapar promotes golf and is president of the Professional Golf Tour of India.