Thomas was the chairman of Hindustan Unilever Ltd, then known as Hindustan Lever Ltd, between 1973 and 1980, a difficult time for businesses in the country, following the OPEC-driven oil crisis. Photo: MintOne of the legends of Indian business, T. Thomas, or TT as he was fondly called, passed away on 2 March at the age of 90. Thomas went on to join the board of Unilever as a director and was also a non-executive chairman of companies including Glaxo and Lafarge. Sharma, chairman, United Spirits Ltd and ICICI Bank Ltd, who was a manager at Hindustan Lever during Thomas’s tenure. During his tenure as chairman of HLL, Thomas set up Asha Daan, which is run by Mother Teresa’s Missionaries of Charity.

Source: Mint March 02, 2018 19:03 UTC