Search Results - Tandon, Prakash

Prakash Tandon

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Prakash Tandon (1911–2004) was an influential Indian business leader in the second half of the 20th century. He attained fame for his classical account of Punjabi life in the autobiographical book "Punjabi Century," the first part of a trilogy of which the next two parts were "Beyond Punjab'' and "Return to Punjab".

He directed Hindustan Lever during the important transitional phase of Indian management. He was the first Indian Chairman of Hindustan Lever Ltd. (now known as Hindustan Unilever Ltd.). A Chartered Accountant, trained in London, he was one of the pioneers of professional management in India. He served as the chairman of the State Trading Corporation and Punjab National Bank and is credited with earning distinction as a CEO who for his systems, efficiency and honesty in running PSU's. In 1974 Reserve Bank of India constituted a study group headed by Shri Prakash Tandon (then Chairman of Punjab National Bank), with a view to study the entire gamut of Bank's finance for working capital and suggest ways for optimum utilization of Bank credit. This was the first elaborate attempt by the central bank to organise the Bank credit. The report of this group is widely known as Tandon Committee report. Most banks in India even today continue to look at the needs of the corporates in the light of methodology recommended by the Group. Provided by Wikipedia