Suresh Kumar Neotia
| Suresh Kumar Neotia | |
|---|---|
| Born |
September 8, 1936 Kolkata, West Bengal, India |
| Died | May 7, 2015 (aged 78) Kolkata, West Bengal, India |
| Occupation | Industrialist Entrepreneur Art collector Philanthropist |
| Known for | Ambuja Cements |
| Spouse(s) | Gayatri |
| Awards |
Padma Bhushan Harvard Business School-Economic Times Award |
Suresh Kumar Neotia (1936–2015) was an Indian industrialist, entrepreneur, art collector, philanthropist and the co-founder of Ambuja Cements and associated companies. He was the chairman of the Group till 2009 when he relinquished the position in favor of his co-founder, Narotam Sekhsaria, and remained as the Chairman Emeritus of the Group until his death. He was a recipient of Harvard Business School - Economic Times Award and was involved in many social activities which included the promotion of cultural organizations such as Anamika Kala Sangam and Padatik. The Government of India awarded him the third highest civilian honour of the Padma Bhushan, in 2008, for his contributions to trade and industry.
Neotia, who was born on 8 September 1936 in a century-old old business family in Kolkata and graduated in commerce from St. Xavier's College of Calcutta University, started his career attending to the family business along with his elder brother, Vinod Neotia, in the 1950s. Subsequently, he teamed with Narotam Sekhsaria, who was related to his sister -in-law, Bimla Poddar (wife of his eldest brother, Bimal Kumar Poddar), and started Gujarat Ambuja Cements Limited (GACL) in 1983. A decade and a half later, he took over ACC Limited (then known as Associated Cement Companies), adding the company to Ambuja Neotia Group and reportedly led the Group to make it one of the market leaders in Indian cement industry, with a production capacity of over 22 million tonnes and a market capitalization of over ₹152 billion. He served as the chairman of the Group till his retirement from the post in 2009 but continued as one of the executive directors for two more years when he relinquished all executive posts, only to retain the position as the Chairman Emeritus of the Group. A 2005 listing by Business Standard daily placed him at 35 among the richest Indians.
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