• About
  • Contact
Thursday, January 28, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home FMCG

Bold, Visionary, Genius. An Inspiring Life of “Evergreen tea man of India”-  Brij Mohan Khaitan

Sourav by Sourav
June 4, 2019
in FMCG, Retail
3 min read
0
BM Khaitan - NextBigBrand

Image Source - naidunia.jagran.com

Share on FacebookShare on Twitter

Industrialist Brij Mohan Khaitan also known as BMK or Brij Babu by his friends in business circle, passed away on Saturday morning at his Kolkata residence due to old age.

Mr. Khaitan, 92, was the visionary behind the Williamson Magor Group (WMG) that deals in dry-cell battery, Tea and Engineering services. He has great contributions to the Tea Industry with which he has been associated for over four decades. He initially made his fortune in the tea business and then went on to acquire the Indian business of Union Carbide – Eveready Industries – in 1993, after outrunning the Wadias of Bombay Dyeing in a $96.5-million deal.

Early Days and His Rise of Power

Born on August 14, 1927, to a wealthy and educated Marwari family, Khaitan started his career as a supplier of fertilizer and tea chests to the parent of McLeod Russel. However, in 1961, when a crisis loomed over the company as Bajoria, an existing investor, acquired nearly 25 percent stake in Bishnauth Tea Company, the in the Williamson Magor Tea Estates, the Khaitan family provided the money to buy out Bajoria’s stake. Khaitan was invited to join the board of the company and later went on to become Managing Director of the Williamson Magor Group.

Tea Estate - NextBigBrand
Image Source – sentinelassam.com

The partnership at WMG was only the beginning of a long journey as Khaitan acquired one company after another — a business trait like his close friend, Rama Prasad Goenka, the founder of RPG Group.

In 1987, when the Guthrie family, the largest shareholder in the McLeod Russel Group, wanted to exit India, Khaitan only negotiated a deal and bought out the estates. This move made WMG the largest tea producer in the world. Later, under his leadership, the tea company went on to expand its operations in Africa and Vietnam.

Under his astute management, McLeod Russel became and has remained the world’s largest bulk tea producer at least till recently.

Big diversification

Brij Mohan not only expanded the tea business with the Williamson Magor but diversified whenever possible. The group acquired the Union Carbide India business in 1994, fighting the Wadias. This was billed at that time as one of the largest takeovers of a foreign firm by an Indian company. Today, Eveready Industries continues to be the largest producer of dry cell batteries in India with a market share of more than 50 percent.

In April 2019, Citing old age, he stepped down as the chairman from the boards of the group’s two key companies — Eveready Industries India Ltd. and McLeod Russel India Ltd. He, however, remained chairman emeritus for both the companies.

McLeod Russel - NextBigBrand
Image Source – mcleodrussel.com

He is survived by his son Aditya, daughter Divya and grandson Amritanshu. As of today, Deepak’s son Amritangshu is at the helm of Eveready, while Aditya looks after the tea business.

West Bengal Chief Minister Mamata Banerjee have offered their condolences. In a tweet, Banerjee said, “Saddened at the passing away of noted industrialist B.M. Khaitan Ji. He was a much-respected elder statesman of the business community of Bengal. My condolences to his family, his colleagues and his friends.”

Indian Chamber of Commerce said: “ICC is extremely grieved to learn the sad demise of B.M. Khaitan ji. We deeply mourn his sad demise as he was our revered guide and patron. His passing away is a great loss to the family and to the Business fraternity as well. He was a doyen of the Indian industry.”

Mr. Khaitan got the Lifetime Achievement Award from the ICC in 2013. A winner of the ICC Calcutta Foundation Lifetime Achievement Award in 2013, Khaitan has served as the ICC president in 1973.

Previous Post

Car Sales Drop Again as Companies Report Lower Sales Volumes in May

Next Post

Indian OTTs Growing Fast: Hotstar, Gaana, Wynk and AltBalaji Receive More Than ₹3k Crore Funding in Just 2 Years

Sourav

Sourav

Excellent story-teller, with a background in SEO and Digital Marketing. Likes to write and give form to opinion and incidents.

Related Posts

future amazon-retail-next-big-brand
News

Delhi High Court Refuses To Restrain Amazon From Writing To Authorities

December 21, 2020
IKEA Navi Mumbai
News

IKEA Navi Mumbai Opens Today With Bookings Full For 2 Weeks

December 18, 2020
FMCG Giants Companies Rural India Small Packet- Next Big Brand
FMCG

FMCG Brands Shift Their Focus Towards Influencer Marketing In Terms Of Ad Expense

November 4, 2020
Flipkart Aditya Birla Fashion- Next Big Brand
News

Flipkart Is All Set To Acquire 7.8% Stake In Aditya Birla Fashion For ₹1500 Crores

October 23, 2020
Silver Lake Reliance Retail- Next Big Brand
News

Silver Lake In Talks With Reliance Retail To Buy $1 Billion Stake

September 4, 2020
Walmart:- Next Big Brand
News

Walmart Launches Subscription Based Loyalty Program To Counter Amazon

September 2, 2020
Next Post
Indian Binge Watch OTT - nextbigbrand

Indian OTTs Growing Fast: Hotstar, Gaana, Wynk and AltBalaji Receive More Than ₹3k Crore Funding in Just 2 Years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Ludo King Most Played Game gaming App- Next Big Brand

Ludo King Among Top 3 Most Played Games In World- App Annie

7 months ago
Joe Kuruvilla Appointed As New CEO Of Raymond Lifestyle

Joe Kuruvilla Appointed As New CEO Of Raymond Lifestyle

4 months ago
Eric Yuan, Zoom CEO, Ranks first among 2020 Best CEOs of Large Companies

Eric Yuan, Zoom CEO, Ranks first among 2020 Best CEOs of Large Companies

1 month ago
Nike- Next Big Brand

Nike Leaves Amazon As A Seller Due To Pirated Products By Small Sellers

1 year ago

FOLLOW US

  • 22.6k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Jio Ranked Fifth Strongest Brand in the World
  • Aditya Birla Fashion and Retail Strengthens its Apparel portfolio with 51% Stake in Sabyasachi
  • Reckitt Benckiser leads INR 45 Crores investment round in Bombay Shaving Company

Instagram

Follow Me!

Latest News

Jio Ranked Fifth Strongest Brand in the World

Jio Ranked Fifth Strongest Brand in the World

January 28, 2021
Aditya Birla Fashion and Retail Strengthens its Apparel portfolio with 51% Stake in Sabyasachi

Aditya Birla Fashion and Retail Strengthens its Apparel portfolio with 51% Stake in Sabyasachi

January 28, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.