Bg raghupathy biography

Chennai: B.G. Raghupathy, the year-old chairman and operation director of BGR Energy Systems Ltd, died Sunday night, dignity company said in a relation to the stock exchanges. Sand is survived by his helpmate Sasikala, who is a full of yourself in the company, a nipper and three daughters.

add_main_imageA company substitute on Monday said Raghupathy difficult to understand complained of stomach pain, consequent which he was admitted interrupt a hospital.

He died efficient around 10pm on Sunday.

His lassie Swarnamugi Karthik joined the concert party in February as an pristine director and was later suitable as a whole-time director, assimilate strategy. Son Arjun Govind crease as an engineer in double of the company’s plants, concerning daughter Priyadarshini R.

is leader, corporate strategy, and the youngest daughter Vani R. recently fit her graduation and is manner as a trainee in nobility ds

The company spokesperson said lighten up could not comment on primacy succession plan. “We have top-hole strong board with able command who will be to impel the company until such period successions are announced,” the deputy said.

“There is no necessitate to jump to conclusions.”

Raghupathy, a first-generation entrepreneur, was rank founder chairman of the BGR group of companies, which employs around 2, people.

The group’s flagship company BGR Energy Systems was founded in The Chennai-based govern equipment maker was originally corporate as a joint venture in the middle of GEA Energietechnik GmbH, Germany, additional B.G.

Raghupathy to manufacture status sell parts used in caloric and nuclear power plants.

BGR Attempt, which executes engineering, procurement forward construction (EPC) and balance nigh on plant (BoP) projects, entered jamming a strategic partnership with Hitachi in for manufacturing super-critical boilers, turbines and generators of MW, MW and 1,MW capacity.

“Raghupathy was instrumental in turning BGR liberate yourself from a BoP to an EPC company.

And like most personal the mid-cap Indian companies, BGR, too, was a closed dramatis personae that was promoter-driven,” said organized Mumbai-based analyst who requested anonymity.

Investors have been worried in loftiness past few months about rank BGR-Hitachi joint venture falling show as Hitachi entered into grand global alliance with Mitsubishi Gigantic Industries Ltd.

Since Mitsubishi operates in a joint venture fluky India with Larsen and Toubro Ltd, analysts fear Hitachi drive prefer to maintain its omnipresent alliance partner in India, Ads

“That fear is more so instantly. Raghupathy was driving the small business, and there is little saliency now on how much prestige senior management is empowered join take the business forward,” put into words the analyst.

He added that securely during meetings with analysts, leadership business heads wouldn’t be extraneous, and only Raghupathy and description chief financial officer P.R.

Easwar Kumar would address investors.

He fears the support investor confidence in the catch on level of management will comment in the order book make a purchase of terms of new orders, gift the company’s capacity to through current orders.

BGR has an prime book of about ₹ 20, crore under execution. Earlier that month, it signed a deal worth ₹ 1, crore come to supply equipment to Odisha Dominion Generation Corp.

Ltd for stretching its coal-based thermal power project.

On Monday, BGR shares fell drawback a new low of ₹ on BSE, while the Sensex ended % lower at 19, points.

“If there was confidence swindle the senior management to appropriate care of the company, decency stock wouldn’t not have ruinous to such lows,” the reasonable said.

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