The $3 billion Avantha group today announced the appointment of Ash Gupta as President , Group Strategy and Business Planning. Gupta was serving as the president and CEO of Honeywell India and had also headed the global functions of GE during his career.
“Avantha is embarking on a journey to significantly scale up emerging businesses and leverage its leadership position in established businesses in India and globally. Towards this end, we are strengthening Avantha’s organisation structure with the appointment of Ash Gupta and welcome him on board,” said Gautam Thapar, Chairman and CEO, Avantha Group in a release.
Business interests of the group include power transmission and distribution equipment and services, paper and pulp, energy, infrastructure, food processing, farm forestry, chemical as well as IT and ITES.
Avantha has a targeted turnover of $10 billion and a market capitalisation of $25 billion by 2013.
