Yogesh Chandar Deveshwar, also known as YC Deveshwar, will always be remembered for the deep insight with which he led a multi-business conglomerate like ITC.
Deveshwar joined ITC in 1968 and was the architect of ITC’s bold transformation from a tobacco company and also battled British American Tobacco to ensure ITC remains an Indian company.
He led the company into new forays of growth areas which included agricultural businesses, retail and distribution of branded FMCG.
Deveshwar, 72, passed away on Saturday. He is survived by his wife, son and daughter.
Following are some highlights and key events in his life:
1947:
Born on February 4 in Lahore.
1968: Finished his Bachelor of Technology degree in Mechanical Engineering from the Indian Institute of Technology.
1972: Made the MBO advisor to the Corporate Headquarters in Kolkata.
1974: Took over as factory manager in ITC's Packaging and Printing Plant in Chennai.
1984: Appointed as the Director on the Board of ITC Limited.
1986: Conferred with 'The Best Hotelier of the Year' Award
1991: Chosen to head Air India as Chairman and Managing Director.
Between 1991 and 1994: He led Air India as Chairman and Managing Director.
1996: Became Chairman of ITC Foods Limited.
2006: Named ‘Business Person of the Year 2006’ by UK Trade and Investment
2012: Ranked 7th among the ten Best Performing CEOs in the world by Harvard Business Review.
2017: Stepped down as CEO of ITC Ltd and began serving as non-executive chairman.
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