Asahi board member

Asahi India Safety Glass Ltd has invested the vice-chairman & MD of Ballarpur Industries Ltd, Mr. Gautam Thapar, as a director on the board of the company. According to a release issued on 25 March, T…

Asahi India Safety Glass Ltd has invested the vice-chairman & MD of Ballarpur Industries Ltd, Mr. Gautam Thapar, as a director on the board of the company. According to a release issued on 25 March, Thapar was inducted onto the board mid-March. Thapar would be heading the Remuneration Committee that has been set up in accordance with the corporate governance guidelines, it was reported. Asahi India is a joint-venture between Asahi Glass Co. Ltd. of Japan (24%), Labroo family (24%) and Maruti Udyog Ltd (12%). The remaining 40% is with the public. The company is reported to have a market-share of about 95% in the auto glass sector.