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Thapar established Karam Chand Thapar & Bros. Ltd. - the parent company of Karam Chand Thapar & Bros. (Coal Sales) Ltd. (KCT). 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.
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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
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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
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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.
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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
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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.
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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
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formed. In the course of time, various companies owned and/or managed by K Thapar were brought under its umbrella.
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Born in 1900, Thapar died in 1963 and was survived by four sons: Inder Mohan Thapar, Brij Mohan Thapar,
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which was given the status of Deemed
University in 1985 and renamed as
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508:"Karamchand Thapar's death: Condolence Meeting".
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537:Telegraph India article on family division
426:Learn how and when to remove this message
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632:Founders of Indian schools and colleges
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273:In 1956, he started
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483:"Thapar University"
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440:Lalit Mohan Thapar
237:Karam Chand Thapar
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587:1963 deaths
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552:KCT website
256:JCT Limited
197:Inder Mohan
178:Founder of
167:Nationality
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200:Brij Mohan
175:Occupation
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285:Biography
225:Relatives
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