The Big Story

Fall from grace

Once celebrated as the turnaround genius, Gautam Thapar is today fighting to get back into the company that he once rescued. What led to this descent?

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When the top brass at the Thapar Group met in early 2007, it was to give the diversified group a new identity. That seemed a bit odd since companies such as Crompton Greaves (CG) and Ballarpur Industries (bilt) were well-known entities. Understandably, there was an apprehension that doing away with the parent brand would take away the strength of its constituents.