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Press Release Tuesday, August 26, 2008

Avantha Group announces appointment of Ash Gupta as President - Group Strategy and Business Planning

From correspondents in Delhi, India, 11:32 AM IST

The US$ 3 billion Avantha Group, a leading global corporation with presence in more than six diverse business verticals, announced the appointment of Mr. Ash Gupta as President – Group Strategy and Business Planning. Gupta joins from Honeywell India where he was President and CEO, his previous experience includes heading global functions at GE. Gupta will devise corporate strategies and oversee the group's corporate initiatives.

Mr. Gautam Thapar, Chairman & CEO, Avantha Group said, “Avantha is embarking on a journey to significantly scale up emerging businesses and leverage its leadership position in established businesses in India and globally. Towards this end, we are strengthening Avantha’s organization structure with the appointment of Ash Gupta and welcome him on board.”

Mr. Ash Gupta said, "I look forward to this challenging assignment with the Avantha Group and hope to contribute to its significant growth.”

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