Mamata condoles death of ITC chairman YC Deveshwar

Kolkata: Yogesh Chandra Deveshwar, chairman of ITC, died at Gurugram in Haryana on Saturday.

He was 72 years old and was suffering from cancer.

Chief Minister Mamata Banerjee who had a very cordial relationship with him tweeted: "Saddened at the passing away of YC Deveshwar Ji. He was a giant in the corporate world. I have many memories of him as a distinguished captain of the industry. Condolences to his family, his colleagues and his admirers."

Popularly known as YC Deveshwar, he became a graduate in Mechanical Engineering from Delhi IIT in 1968. He joined ITC in 1968 and was appointed as a director on ITC's board on April 11, 1984. He rose to become its chief executive and chairman on January 1, 1996.

The Bengal government honoured him with Banga Bhushan in 2017.

Meanwhile, political and business leaders paid heartfelt tributes to the industry icon and stated that he leaves behind a rich legacy. In a statement, the Confederation of Indian Industry (CII) expressed its condolences at the demise of Deveshwar, terming it a great loss for the Indian industry. Deveshwar was the president of CII in 2005-06.