 "PEOPLE’S CEO: A young Y C Deveshwar being greeted by ITC Hotels employees. Though the hotels business was faltering when he took over as executive chairman, Deveshwar decided to retain it and made it into one of India’s largest hotel chains (Source:")
Celebrated industry titan and ITC Chairman Y C Deveshwar, who transformed ITC from a cigarette major into a diversified Indian conglomerate, died on Saturday morning after a brief illness in Delhi. He had stepped down from an executive role in the company after leading it as chairman between 1996 and 2017.
Though his original term as non-executive chairman was scheduled to end in 2020, the ITC shareholders recently extended it to 2022 so that he could continue to mentor the senior management “given the increasing size and complexity of the organisation”.
Deveshwar, 72, is survived by his wife, Bharti, and
