M S Banga

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Banga at the World Economic Forum annual meeting in Davos, 2010

Manvinder Singh Banga (or Vindi Banga) is a senior partner at the private equity fund Clayton Dubilier & Rice. He was born on October 31, 1954 in Simla, to Jaswant and Harbhajan Singh Banga. His father was a General in the Indian Army.

He graduated from the Indian Institute of Technology, Delhi in 1975 and did BTech degree in Mechanical Engineering. His colloquial name 'Vindi' comes from Vindhyachal Hostel in this institute. From Delhi he moved to Ahmedabad to study at the Indian Institute of Management (IIM-A), where he met his future wife, Kamini.

The Indian Institutes of Management (IIM) are the original pioneers of management education and research in India and today rank amongst the best business schools across the world. These institutes are rated as some of the toughest business schools to get into, the multi-layered screening process permits only about 1400 out of every 100,000 applicants or one out of every seventy applicants to get admitted every year. Armed with state-of-the-art management knowledge, skills and human & social orientation, IIM alumni, the creme de la creme of managerial talent, are globally spread and occupy important leadership positions in business, academia, government, arts and sports.

In May 2000, Vindi was elected chairman and CEO of one of India's largest and most respected companies, Hindustan Lever Ltd. At the time, he was the youngest CEO to ever have been appointed. In February 2005, as part of a major reorganization of Unilever's upper management, Banga was elevated to the Unilever Executive, as the global head of the Foods division.[1] In 2008, he was given additional responsibility for the Home and Personal Care Division, assuming the title of President, Foods and Home & Personal Care - effectively running all the categories across the globe. He is currently a Non-Executive Director on the Board of Thomson Reuters, Marks & Spencers PLC, and is on the Prime Minister of India's Council for Trade & Industry,[2] and was awarded the Padma Bhushan - one of India's highest civilian honours - by the President of India in 2010.[3]

Personal life[edit]

Ajay Banga (Ajaypal Singh Banga) is his brother and is currently the President and Chief Executive Officer of MasterCard.[4] Tavraj Banga is his son and a senior executive at the buy-out firm Terra Firma.

References[edit]

  1. ^ "Banga elevated as global foods head ", The Financial Express, February 11, 2005 [1]
  2. ^ "Marks and Spencer Group plc - Non-Executive Director Appointment". Marks and Spencer. 8 July 2011. Retrieved 24 December 2011. 
  3. ^ "Padma Awards: Press Note". Ministry of Home Affairs. 25 January 2010. Retrieved 24 December 2011. 
  4. ^ (April 12, 2010.) "MasterCard Names Ajay Banga President and Chief Executive Officer Succeeding Robert W. Selander." Mastercard.com. Accessed January 2012