|Headquarters||New Delhi, India|
|Revenue||US$ 4bn (2013)|
Avantha Group is an Indian business conglomerate led by Gautam Thapar. The US$4bn company is one of India’s largest business conglomerates. Its businesses include power generation and distribution, power transmission and distribution equipment and services, paper and pulp, food processing, farm forestry, chemicals, infrastructure, Information Technology and Information Technology Enabled Service (ITeS), also referred to as business process outsourcing (BPO).
Avantha Group operates in 90 countries with over 25,000 employees worldwide. Business units include, Crompton Greaves, (CG) India’s largest power transmission and distribution equipment company, and Ballarpur Industries (BILT), India’s largest paper manufacturer, both listed on the Indian Stock exchanges. CG acquired Pauwels (Belgium) in 2005, Ganz (Hungary) in 2006, Microsol (Ireland) in 2007, Sonomatra (France) in 2008, MSE Power Systems (USA) in 2008 and Power Technology Solutions (UK) in 2010, three business in Nelco (India) in 2011, Emotron (Sweden) in 2011, QEI Inc (USA) and ZIV Group (Spain) in 2012. BILT acquired Sabah Forest Industries (SFI) of Malaysia in 2007. Another group entity, The Global Green Company, acquired Intergarden (Belgium) and Puszta Konzerv (Hungary), while in 2010, the group announced the acquisition of US-based Pyramid Healthcare Solutions, a healthcare BPO firm.
Other group entities include Avantha ERGO Life Insurance Company, Solaris ChemTech Industries, Avantha Power & Infrastructure, Biltech Building Elements, Salient Business Solutions and Avantha Technologies. Solaris ChemTech Industries is India’s largest manufacturer of bromine, brominated flame retardants, specialty bromine chemicals, and orthophosphoric acid. Avantha Power & Infrastructure is involved in power generation, while Biltech Building Elements manufactures lightweight autoclaved aerated concrete (AAC) from fly ash. Salient Business Solutions and Avantha Technologies are IT and IT-enabled services companies.
- "Crompton Greaves adopts new brand identity as global power company - Money - DNA". Dnaindia.com. 2009-10-19. Retrieved 2010-12-23.