Mohit Burman Explained

Mohit Burman
Occupation:Businessman
Nationality:Indian
Alma Mater:Richmond College
Known For:Chairman of Dabur
Chairman of Aviva Life Insurance Company India[1]
Co-owner of Punjab Kings[2] and Saint Lucia Kings

Mohit Burman is an Indian businessman. He is the chairman of Dabur, an Ayurvedic and FMCG company.[3] A fifth-generation scion of the Burman family, he also led the family's acquisition of a majority stake in dry cell battery maker Eveready Industries India[4] and the family's entry into the life insurance sector through Aviva India. A sports enthusiast, he is also promoter and co-owner of the Indian Premier League cricket team Punjab Kings.[5] [6]

Early life and education

After completing his schooling from Highgate School, London, he graduated from Richmond College, in Bachelor of Arts, Business Administration and Economics (Double major: Marketing and General Management) and subsequently completed his Master of Business Administration degree, in Finance from Babson Graduate School of Business, Massachusetts.[7] [8]

Career

Burman started his career with Welbeck Property Partnership London and then joined Dabur Finance Ltd., a company specializing in fund and fee-based financial activities, as Senior Manager. He worked in the group's financial services businesses including asset management, life insurance and pensions by setting up an insurance company with the UK's largest insurance company, Aviva.[9] His family in November 2011[10] had established a joint venture with Espírito Santo Investment Bank to set up an investment banking company in India.

Burman has also been actively involved in expanding Dabur India's presence in overseas markets, and was involved in the acquisition of Balsara Hygiene and Home Care businesses for Rs. 1.43 billion by Dabur India Ltd. on 27 January 2005.

Board memberships

Mohit also holds board membership[11] [12] of different other companies like Federation of Indian Chambers of Commerce & Industry, Dabur International Limited, Universal Sompo General Insurance Co. Ltd., KPH Dream Cricket Pvt. Ltd (Kings XI), Aviva Life Insurance Company India Limited,[13] Markettopper Securities Pvt. Ltd., Elephant India Advisors Pvt. Ltd., Caterham Cars Pvt. Ltd, H&B Stores Ltd., Espirito Santo Securities India Pvt. Ltd.

Sports

Mohit Burman is one of a group of promoters who have formed the cricket team Punjab Kings.[14] He is also a director and co-Owner of a Caribbean Premier League team Saint Lucia Kings.[15] [16]

Notes and References

  1. News: Finance Is The Calling Card For Dabur Scion Mohit Burman. 29 October 2014. forbesindia.com. 18 February 2015.
  2. News: IPL franchise Kings XI Punjab renamed Punjab Kings . 17 February 2021. The Hindu. 1 November 2023.
  3. News: 13 August 2022 . Amit Burman resigns as Dabur chairman, Mohit Burman takes charge . Business Standard . 1 November 2023.
  4. Web site: 20 June 2022 . Eveready Industries to augment product portfolio: Mohit Burman of Dabur India . 1 November 2023 . The Hindu Business Line . Dabur India Ltd..
  5. News: Preity Zinta, Ness Wadia, Karan Paul, Mohit Burman. 2 April 2008. The Times of India. 18 February 2015. https://web.archive.org/web/20090523205516/http://ipl.timesofindia.indiatimes.com/Teams--Profiles/Owners/Preity-Zinta-Ness-Wadia-Karan-Paul-Mohit-Burman/articleshow/2919438.cms . 23 May 2009.
  6. Web site: Promoters of Kings XI Punjab. Kings XI Punjab. 18 February 2015.
  7. Web site: Mohit Burman Director of Dabur India Ltd. MBA from Babson Graduate School of Business. Bloomberg L.P.. 18 February 2015.
  8. Web site: Mohit Burman Bio . https://web.archive.org/web/20150122200325/http://www.in.com/mohit-burman/biography-393419.html. dead. 22 January 2015. in.com. 18 February 2015.
  9. News: Dabur Group's Burmans, Espírito Santo Investment Bank Form JV . 15 November 2011. Vccircle.com. 18 February 2015.
  10. News: Dabur promoters, Espirito Santo Investment Bank form JV . 15 February 2011. NDTV. 18 February 2015.
  11. Web site: Board Membership of Mohit Burman. Dabur. 18 February 2015.
  12. News: Dabur's Burmans to enter i-banking, broking . 12 October 2011. Rediff.com. 18 February 2015.
  13. Web site: Chairman of Aviva Life Insurance India Ltd.. Aviva. 18 February 2015.
  14. News: PTI. 2021-02-17. IPL franchise Kings XI Punjab renamed Punjab Kings. en-IN. The Hindu. 2021-05-03. 0971-751X.
  15. 17 February 2020 . Kings XI Punjab Set To Acquire St Lucia Franchise Of Caribbean Premier League . OutlookIndia.com . 1 November 2023.
  16. News: 17 February 2020 . St Lucia Zouks sold to Kings XI Punjab owners . ESPN Cric Info . ESPNcricinfo . 1 November 2023.