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Jagdish Khattar

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Jagdish Khattar
Born(1942-12-18)18 December 1942
Dera Ismail Khan, Pakistan
Died26 April 2021(2021-04-26) (aged 78)
Alma materUniversity of Delhi
OccupationBusinessman
Children1

Jagdish Khattar (18 December 1942[citation needed] – 26 April 2021)[1] was the managing director of Maruti Udyog Limited, where he served from 1993 to 2007. He joined Maruti in July 1993 as director (marketing), and went on to become Managing Director in 1999, first as government nominee, and then in May 2002, as Suzuki Motor Corporation (SMC) nominee. His last day in office at Maruti as MD, at age 65, was on Tuesday, 18 December 2007. The former chief of Maruti Udyog died on 26 April 2021 due to cardiac arrest. [2][3]

Prior to this post, he was an officer of the Indian Administrative Service with more than 37 years of experience.[4] He oversaw a restructuring of the company in face of increased competition caused by the foray of various foreign car players in the Indian market.[5] After hanging up his boots at Maruti Suzuki, he turned an entrepreneur and decided to set up an independent multi-brand pan India sales and service network in the automobile sector. In 2008, Khattar launched his next venture - Carnation Auto, with a vision of developing a multi-brand automobile sales and service network.

Background

Khattar belonged to a family of entrepreneurs who had set up an electricity generation and supply company in Dera Ismail Khan (now in Pakistan) before Partition. His grandfather was a member of the Legislative Assembly.[citation needed]

Khattar completed a Bachelor of Arts (Honours) degree from St. Stephen's College, Delhi and his LLB from Delhi University. He then joined the Indian Administrative Service, serving as:

(a) District Magistrate, Chamoli, UP (1969–72)

(b) Managing Director, UP State Industrial Development Corporation (1975–78)

(c) Director, Tea Board of India, London (1979–83)

(d) Chairman, Tea Board, Ministry of Commerce, Government of India (1983–84)

(e) Chairman and Managing Director, UP State Cement Corporation (1984–86)

(f) Secretary, Department of Transport, Uttar Pradesh (UP) & Chairman, UP State Road Transport Corporation (1986–88)

(g) Joint Secretary, Ministry of Steel, Government of India (1988–93) [4]

Career

Khattar was an Indian Administrative Service (IAS) officer of the Uttar Pradesh cadre. He was posted as an Officer on Special Duty to Maruti Udyog in 1992 and joined the company in 1993 as a director of marketing and went on to become its executive director before being promoted to being its joint managing director in 1999.[6][7] This was the time of differences between Suzuki Motor Corporation and the Government of India which were joint venture partners in the company.[6] He was noted to have laid the foundation of the company's growth after the Indian government began its disinvestment from the joint venture in 2002. During this period of disagreement between the venture partners, Khattar dealt with issues on ownership, technology transfer, as well as industrial relations including a workers strike in the Gurgaon plant of the company in 2000.[6] In 2002, he was re-nominated as the managing director by Suzuki Motor Corporation and served as the managing director until his retirement in 2007.[8] At the time of his retirement, the company had more than fifty percent of the market share of the Indian passenger vehicles market.[6] He was also noted for his representations of the Indian auto industry for changes in taxation structure and regulations with the government, working with the Society of Indian Automobile Manufacturers (SIAM).[7]

After his retirement from Maruti Udyog in 2007, he founded Carnation Auto, a multi-brand car service chain with investments from Premji Invest and Gaja Capital. He was charged by the CBI and Carnation Auto in 2019 of causing losses of INR 110 crores to the Indian public sector bank, Punjab National Bank.[6] However, an independent forensic audit found no evidence of wrongdoings.[6][9]

Death

Khattar died on 26 April 2021 from a cardiac arrest. He was aged 79.[6]

Recognition and awards

§ Ernst and Young – Manager Entrepreneur of the Year 2003

§ National HRD Network - Pathfinder CEO of the Year 2006

§ Progress Harmony Development Chamber of commerce – Udyog Ratna (Gem of Indian Industry )

§ The London Metropolitan University, UK - Doctor of Business Administration (Honorary), for his services to the Indian Automobile industry

§ CNBC –Auto Car - Man of the Year 2008

§ NDTV Profit- Auto Man of the Year 2008

§ J.D Power & Associates- Founder’s Award 2008 ( The founder, in the last 50 years, has given only 20 such awards. Present was the 4th to a CEO of an automobile company.)[citation needed]

Industry and government assignments

a) President, Society of Indian Automobile Manufacturers (2003–05)

b) President, Automotive Research Association of India (ARAI) (2005–2007)

c) Member of Empowered Committee on NATRIP (NATRIP, or National Automotive Testing and R & D Infrastructure, is a government-supported project to set up world-class automotive testing facilities in India)

d) Member, Environment Pollution (Prevention and Control) Authority for the National Capital Region set up by the Supreme Court of India

e) Member of the Committee constituted by Ministry of Defence, Government of India, to look into streamlining of systems for procurement of specific items

f) Chairman, sub-committee for restructuring of Defence undertakings & ordnance factories.[10]

References

  1. ^ "Jagdish Khattar, former MD of Maruti Suzuki India, dies at 78". The Economic Times. 26 April 2021. Retrieved 26 April 2021.
  2. ^ "Kuwait Arrests Its National For Funding Indian ISIS Man in Iraq". News18. Press Trust of India. 7 August 2016. Retrieved 3 September 2020.
  3. ^ "Khattar retires from Maruti Suzuki; top management reshuffled". afaqs.com. 30 October 2007. Retrieved 3 September 2020.
  4. ^ a b "An IPO review conducted by myiris.com". Archived from the original on 9 September 2006. Retrieved 14 September 2006.
  5. ^ "Interview conducted by India Infoline". Retrieved 14 September 2006.
  6. ^ a b c d e f g Service, Tribune News. "Former Maruti Suzuki MD Jagdish Khattar passes away". Tribuneindia News Service. Retrieved 28 April 2021.
  7. ^ a b "Former Maruti Suzuki India MD Jagdish Khattar dies at 78". Hindustan Times. 27 April 2021. Retrieved 28 April 2021.
  8. ^ Majumdar, Sumit K. (2012). India's Late, Late Industrial Revolution: Democratizing Entrepreneurship. Cambridge: Cambridge University Press. p. 275. doi:10.1017/cbo9781139057455. ISBN 978-1-139-05745-5.
  9. ^ Ex-Maruti MD Jagdish Khattar booked for Rs 110 crore bank loan: CBI
  10. ^ Kelkar Committee submits report on defence acquisition
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