Age, Biography and Wiki
Karam Chand Thapar was born on 1900, is an Indian businessman (1900–1962). Discover Karam Chand Thapar's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 62 years old?
Popular As |
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Occupation |
Founder of Thapar Group |
Age |
62 years old |
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Born |
1900 |
Birthday |
1900 |
Birthplace |
N/A |
Date of death |
1962 |
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We recommend you to check the complete list of Famous People born on 1900.
He is a member of famous businessman with the age 62 years old group.
Karam Chand Thapar Height, Weight & Measurements
At 62 years old, Karam Chand Thapar height not available right now. We will update Karam Chand Thapar's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
Physical Status |
Height |
Not Available |
Weight |
Not Available |
Body Measurements |
Not Available |
Eye Color |
Not Available |
Hair Color |
Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
Family |
Parents |
Not Available |
Wife |
Not Available |
Sibling |
Not Available |
Children |
7
Inder Mohan
Brij Mohan
L. M. Thapar
Man Mohan
Raj
Prem
Janak |
Karam Chand Thapar Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Karam Chand Thapar worth at the age of 62 years old? Karam Chand Thapar’s income source is mostly from being a successful businessman. He is from . We have estimated Karam Chand Thapar's net worth, money, salary, income, and assets.
Net Worth in 2024 |
$1 Million - $5 Million |
Salary in 2024 |
Under Review |
Net Worth in 2023 |
Pending |
Salary in 2023 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
businessman |
Karam Chand Thapar Social Network
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Timeline
Karam Chand Thapar (1900–1962) was the founder of the Thapar Group of companies.
He was originally from Punjab.
Born in 1900, Thapar died in 1963 and was survived by four sons: Inder Mohan Thapar, Brij Mohan Thapar, Lalit Mohan Thapar, and Man Mohan Thapar.
Following Thapar's death, his third son Lalit was made head of the business, with the undertaking that the latter would ensure that Inder Mohan's son would be given the reins after Lalit turns 65, and that all of Lalit's brothers would be given their due share of the family business.
Lalit stood by his word to his dying father and did over the years divide the group among his brothers; the fact that he was a life-long bachelor with no children was helpful in this.
However, Lalit gave the reins of the bigger part of the company to Gautam Thapar, son of Brij Mohan, and gave the chemicals division to Vikram Thapar, the son of Inder Mohan.
Karam Chand was survived by four sons, named above, and by at least one daughter, Mrs. Surinder Lal.
The latter is the mother of two daughters: former bank CEO Naina Lal Kidwai, a former bank CEO, and of Nonita Lal Qureishi, whose husband, Faisal Qureishi, is a Pakistani golf champion.
Having gained some experience of the coal industry in his youth, Thapar set out to establish his own coal trading business based out of the Jharia coalfields in 1919.
Soon thereafter, he realized that the epicenter of the coal business was not where the mines were located, but in Calcutta, the then established base of all the large European owned mining companies.
He started his career in 1920 as a coal trader in Calcutta, and built up the family fortune through Karam Chand Thapar and Bros. He then started JCT Limited which is into textiles as well as molasses and alcohol.
He also took over the Oriental Bank of Commerce, and ventured into paper manufacturing with the Ballarpur Industries Limited.
A year later, in 1920, he set out for Calcutta, the erstwhile capital of India.
That same year, he started a successful coal distribution business based out of Calcutta.
As a leader, Thapar managed to consolidate a diverse group of investors and contractors, and incorporate them into his coal distribution network.
Thapar did not focus on coal alone but also ventured into other fields like paper, textiles, chemicals, sugar as well as banking (Oriental Bank of Commerce) and insurance (United Indian Insurance).
In 1929, the flagship parent company of the Thapar Group, Karam Chand Thapar & Bros. Ltd., was formed.
In the course of time, various companies owned and/or managed by K Thapar were brought under its umbrella.
In 1956, he started Thapar Institute of Engineering and Technology which was given the status of Deemed University in 1985 and renamed as Thapar University.
Thapar established Karam Chand Thapar & Bros. Ltd. - the parent company of Karam Chand Thapar & Bros. (Coal Sales) Ltd. (KCT).