ITC Chairman Y C Deveshwar Passes Away At 72 After Battling Prolonged IllnessITC Chairman Y C Deveshwar (Pic via official ITC website)

Chairman of ITC limited, Yogesh Chander Deveshwar, who served as the head of one of India’s best known business conglomerates for more than two decades, passed away today (11 May 2019) at the age of 72, reports CNBC TV18.

He had been suffering from a prolonged illness in recent times, and had stepped down as CEO of ITC in 2017, remaining on board as the company’s non-executive chairman. He has behind his wife and a son.

Deveshwar’s birth took place on 4 February 1947 in Lahore. He went on to complete his studies at IIT, Delhi, moving on to go to Harvard University for a management course. His ITC career began in 1968, and he was instrumental in steering the company’s transformation from being just a tobacco brand; he also helped make sure that ITC remained in Indian hands, and did not become part of British American Tobacco.

From 1991 to 1994, he also served as the chairman and managing director of the national carrier Air India. He had also been one of the director’s on the Reserve Bank of India’s board.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber