NEW DELHI: Political and industry leaders paid heartfelt tributes to ITC chairman Y C Deveshwar, who passed away Saturday morning after a temporary illness, pronouncing he leaves in the back of a rich legacy.
Prime Minister Narendra Modi, in a tweet, wrote: "Shri YC Deveshwar made a strong contribution to Indian industry. His efforts helped ITC become a professionally-run Indian company with a global footprint. Saddened by his demise. My thoughts are with his family, friends and the ITC group in this hour of grief."
Finance minister Arun Jaitley tweeted: "Saddened by the death of Yogi C Deveshwar, Chairman ITC. Yogi excelled as a corporate professional and an entrepreneur and took his company to great heights. May God render peace to the departed soul & give to his family strength to bear this loss."
West Bengal chief minister Mamata Banerjee described him as a "giant in the corporate world".
"Saddened at the passing away of Y C Deveshwar Ji. He was a giant in the corporate world. I have many memories of him as a distinguished captain of industry. Condolences to his family, his colleagues and his admirers," Banerjee stated in a tweet.
In a commentary, the Confederation of Indian Industry (CII) expressed its condolences at the loss of life of Deveshwar, terming it an ideal loss for Indian trade. Deveshwar was once the president of CII in 2005-06.
"A titan and guiding luminary of Indian industry, Mr Deveshwar's commitment and passion for sustainable business was an inspiration for all. Mr Deveshwar's devotion to inclusive growth in India was laudable and he led by example," CII President Vikram Kirloskar stated.
As ITC chairman, Deveshwar transformed the cigarette major right into a various player with interests in FMCG, hospitality, IT and other sectors.
"For me personally, Mr Deveshwar, Yogi to all, was a warm and generous leader who always found time to engage with all. We will deeply miss his erudite guidance and sage advice. Our thoughts and prayers are with his family at this time," Kirloskar stated.
In a tweet, Assocham president B Okay Goenka stated he was once a "tall leader of India Inc who immensely contributed to the industry and society".
Deveshwar (72), who stepped down from govt role as chairman and CEO in 2017 however remained as a non-executive chairman, breathed his closing at a non-public health center in Gurugram.
He joined ITC in 1968 and was once appointed as a director on ITC's board on April 11, 1984. He rose to turn into its chief govt and chairman on January 1, 1996.
Prime Minister Narendra Modi, in a tweet, wrote: "Shri YC Deveshwar made a strong contribution to Indian industry. His efforts helped ITC become a professionally-run Indian company with a global footprint. Saddened by his demise. My thoughts are with his family, friends and the ITC group in this hour of grief."
Shri YC Deveshwar made a robust contribution to Indian trade. His efforts helped ITC turn into a professionally-run… https://t.co/4f44wFdVIb
— Chowkidar Narendra Modi (@narendramodi) 1557557766000Finance minister Arun Jaitley tweeted: "Saddened by the death of Yogi C Deveshwar, Chairman ITC. Yogi excelled as a corporate professional and an entrepreneur and took his company to great heights. May God render peace to the departed soul & give to his family strength to bear this loss."
Saddened through the death of Yogi C Deveshwar, Chairman ITC. Yogi excelled as a company professional and an entrepren… https://t.co/f4TQlAJh7n
— Chowkidar Arun Jaitley (@arunjaitley) 1557566412000West Bengal chief minister Mamata Banerjee described him as a "giant in the corporate world".
"Saddened at the passing away of Y C Deveshwar Ji. He was a giant in the corporate world. I have many memories of him as a distinguished captain of industry. Condolences to his family, his colleagues and his admirers," Banerjee stated in a tweet.
Saddened at the passing away of Y C Deveshwar Ji. He was once a giant within the company world. I have many recollections of hello… https://t.co/T3loN0VYNu
— Mamata Banerjee (@MamataLegit) 1557551935000In a commentary, the Confederation of Indian Industry (CII) expressed its condolences at the loss of life of Deveshwar, terming it an ideal loss for Indian trade. Deveshwar was once the president of CII in 2005-06.
"A titan and guiding luminary of Indian industry, Mr Deveshwar's commitment and passion for sustainable business was an inspiration for all. Mr Deveshwar's devotion to inclusive growth in India was laudable and he led by example," CII President Vikram Kirloskar stated.
As ITC chairman, Deveshwar transformed the cigarette major right into a various player with interests in FMCG, hospitality, IT and other sectors.
"For me personally, Mr Deveshwar, Yogi to all, was a warm and generous leader who always found time to engage with all. We will deeply miss his erudite guidance and sage advice. Our thoughts and prayers are with his family at this time," Kirloskar stated.
In a tweet, Assocham president B Okay Goenka stated he was once a "tall leader of India Inc who immensely contributed to the industry and society".
@ASSOCHAM4India President, @BKGoenka, Saddened to hear loss of life of @ITCCorpCom Chairman Mr #YCDeveshwar. Our private… https://t.co/NBnGELfKDS
— ASSOCHAM (@ASSOCHAM4India) 1557561299000Deveshwar (72), who stepped down from govt role as chairman and CEO in 2017 however remained as a non-executive chairman, breathed his closing at a non-public health center in Gurugram.
He joined ITC in 1968 and was once appointed as a director on ITC's board on April 11, 1984. He rose to turn into its chief govt and chairman on January 1, 1996.
Top leaders pay rich tributes to ITC's Deveshwar
![Top leaders pay rich tributes to ITC's Deveshwar]()
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May 11, 2019
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