Y C Deveshwar

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Y C Deveshwar is the Chairman and Chief Executive Officer of ITC Ltd. He was appointed as a Director on the Board of the Company in 1984 and became the Chairman on January 1, 1996. He was recently given a five year extension starting Feb 5th, 2007 as he turns 60 this year.

Education

Yogesh Chander Deveshwar was born on 4th February, 1947. He received his Bachelor of Technology Degree in Mechanical Engineering from the Indian Institute of Technology, Delhi in 1968. He then obtained an AMP Diploma from Harvard Business School, USA and also did a course on Advanced Training in Hoteliering and Services at Cornell University, USA. He is the person who dreamt of making ITC Limited into India's largest FMCG company.

Career

Deveshwar joined Indian Tobacco Company in 1968 as a Management pupil and in 1972 was appointed MBO Adviser to Corporate Headquarters in Calcutta. In 1974, he took over as Factory Manager in ITC’s Packaging and Printing Plant in Madras and was appointed General Manager of ITC’s Packaging and Printing Division in 1978. He was inducted into the Company’s Board in 1984, taking charge of Welcomgroup, which is the Hotel Division of ITC. He pioneered the first private sector Degree Institute of Hotel Management - the Welcomgroup School of Hotel Administration, Manipal and received the Hotelier of the Year Award in 1986 for his outstanding contribution to this industry. In 1991 he took over as Chairman of ITC’s Indian Tobacco Division and Indian Leaf Tobacco Development Division.

In November 1991, he headed Air India on lien from ITC Ltd. As Chairman and Managing Director. In 1994 Deveshwar rejoined ITC and was appointed whole time Director and Vice Chairman of the Company. He took over as Chairman of ITC in January 1996. He received the Marketing Man of the Year Award in 1994.

Deveshwar is the Past President of the Confederation of Indian Industry. He is also a member of the Board of Governors of the Indian School of Business and a former Chairman of the Society and Board of Governors of the Indian Institute of Management, Calcutta. He also serves on the National Executive Committees of some of India’s premier trade and industry bodies.

Honours and awards

Amongst several awards and recognitions during his distinguished career, Deveshwar has been honoured with the SAM/SPG Sustainability Leadership Award 2007 conferred at the International Sustainability Leadership Symposium, Business Person of the Year Award 2006 by the UK Trade & Investment by His Royal Highness Prince Andrew, the Duke of York, and in January 2006, he was inducted to the prestigious Hall of Pride at the Indian Science Congress. He was also named then Manager Entrepreneur of the Year 2001 by Ernst & Young.

External links

* [http://www.rediff.com/money/2005/apr/09spec6.htm How Yogi Deveshwar changed ITC]
* [http://www.itcportal.com/newsroom/press_releases_02nov06.htm Y C Deveshwar named `Business Person of the Year' by UK Government]