Yogesh Chander Deveshwar or Yogi Deveshwar to his friends will have enduring remembrance as the man who became the face of institutional ownership in corporate India, otherwise dotted by family ownership where leadership is often decided by birth.
Deveshwar, who breathed his last at the age of 72 years, was one of India’s longest-serving corporate chiefs with over two decades at the helm as the executive chairman and CEO at ITC, which he joined in 1968 and rose all the way to steer its bold transformation from a tobacco company to retail and FMCG major in the years following India’s economic liberalization.
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