- Manu Chhabria
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Manu Chhabria Born Manohar Rajaram Chhabria
1946Died 5 April 2002
MumbaiEducation Harvard University Religion Hindu Manohar Rajaram Chhabria (Hindi: मनोहर राजाराम छाबरिया) (1946 – April 6, 2002), commonly known as Manu Chhabria was an Indian businessman based in Dubai, and the owner of the $ 1.5 billion transnational conglomerate, Jumbo Group. He was also the owner of well-known liquor brand Shaw Wallace, over more than 50 per cent of his business in India spread over six companies such as Mather & Platt, Dunlop India, Hindustan Dorr Oliver, Falcon Tyres and Gordon Woodroffe, the total asset value of these companies ran to about $600 million [1][2][3]
Contents
Career
A graduate of Harvard University, Chhabria started his career by joining his family business of trading radio assemblies and electronic components in Mumbai. Thereafter he moved to Dubai in 1973, here he set up the Jumbo Group as Jumbo Electronics, the sole distributors of Sony in UAE in 1974 in Dubai and during the 1980s expanded his Indian operations through a series of takeovers, most notably he acquired Dunlop jointly in 1984 with R. P. Goenka (RPG Group), and became the single largest shareholder when he bought out RPG’s stake [4][5][6][7].
Death
He died in Mumbai April 6, 2002, following a heart attack, at the age of 56. He was survived by his wife Vidhya Manohar Chhabria, whom he handed over the reins of his companies before his death, and three daughters, Komal Chhabria Wazir, an executive director in his firm, Shaw Wallace and Company, Bhavika Godhwani with Hindustan Dorr Oliver and Kiran Chhabria worked for Jumbo in Dubai [2][4][8].
References
- ^ "Manu Chhabria passes away". Rediff.com. 6 April 2002. http://www.rediff.com/money/2002/apr/06manu.htm. Retrieved 21 November 2009.
- ^ a b "Manu Chhabria dead". The Hindu. Apr 07, 2002. http://www.hinduonnet.com/2002/04/07/stories/2002040702760102.htm.
- ^ "MANU CHHABRIA: Death of An Empire". India Today. http://www.india-today.com/itoday/18051998/biz2.html.
- ^ a b "Chhabria's death leaves wife at Jumbo helm". CNN.com. April 10, 2002. http://edition.cnn.com/2002/BUSINESS/asia/04/10/india.chhabria.biz/index.html.
- ^ "Manu Chhabria dead". Business Line. Apr 07, 2002. http://www.blonnet.com/bline/2002/04/07/stories/2002040701480100.htm.
- ^ Manu Chhabria and Hinduja Takeovers Corporate takeovers in India, by Vijay Kumar Kaushal. Sarup & Sons, 1995. ISBN 8185431582, p. 103-111.
- ^ "Controversy:Trouble Inc.". Outlook (magazine). Feb 26, 1997. http://www.outlookindia.com/article.aspx?203078.
- ^ "Manu Chhabria Dead". Financial Express. Apr 07, 2002. http://www.financialexpress.com/news/manu-chhabria-dead/42636/.
External links
- Manohar Rajaram Chhabria, Webpage at JumboCorp website.
Categories:- Indian chief executives
- 1946 births
- 2002 deaths
- Indian billionaires
- Harvard University alumni
- Deaths from myocardial infarction
- Indian Hindus
- Indian business biography stubs
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