Cyrus Bagwadia

Cyrus Bagwadia (born 24 January 1947) is an Indian businessman. He was a senior executive at Dupont India, and was the CEO of Essel Propack,[1][2] an international lamitube producer.[3]

Education

Bagwadia completed his secondary education at St. Xaviers Boys Academy, and attained an undergraduate degree in Polymer Engineering. Later, he obtained his Masters in Business Management.[3]

Career

Bagwadia started his career as a management trainee in 1968, with Voltas. In 1983, he left Voltas to start the Far East Division of Dupont in India.[1] In 1989, he moved to Hong Kong, heading Dupont's regional office. When DuPont set up new Polymers plants in Singapore in 1992, Cyrus relocated to Singapore as Business Director Asia Pacific. In 1995, he left DuPont to join Essel Packaging Ltd. an Indian packaging company as its President and CEO,[4] and was made the Managing Director in October, the same year.[5][6]

Under Bagwadia's leadership Essel Packaging Ltd. expanded its manufacturing[7] and sales, producing over 1 billion tubes annually.[8][9] He oversaw setting plants in China in 1997 and an acquisition in Germany.

He oversaw the merger of Essel Packaging with Swiss-based Propack AG, which led to operations in South America, South East Asia and Europe. The newly formed Essel Propack had a global market share of over 30%.[10][11] A first truly Indian Global company with such market share.

In 2002, he organized the setting up of a 60,000 sq. ft manufacturing facility in Danville, Virginia, for the manufacture of toothpaste tubes to supply P&G in North America, at a cost of 15 Million US Dollars.[12][13][14]

Following his stint at Essel Propack, Bagwadia moved to Bilcare Research in 2004, where he served as a Director. He set a manufacturing operation in Singapore. He led an acquisition of a clinical research firm in USA.

In 2009, Bagwadia ran an Entrepreneurship Development program in association with the World Zarathushthi Chamber of Commerce,[15] guiding startups and entrepreneurs on building and sustaining businesses.[16] He still mentors start up companies, on board and an advisor in companies in Mumbai and Pune.

References
  1. Business India. A. H. Advani. 1985. p. 153.
  2. "It's a family affair, pros are here at our pleasure". Economic Times, TNN Dec 23, 2003
  3. "The Big Squeeze". Business Today. Living Media India Ltd. Retrieved 1 September 2013.
  4. "Getting Toothpaste In the Tube". Forbes, October 27, 2003.
  5. "Leader Speak — Mr Cyrus Bagwadia, the Managing Director, Essel Packaging Ltd". India Infoline.
  6. "Shareholders force Essel board to retain Subash Chandra at helm. Archived 2016-09-19 at the Wayback Machine. Express India
  7. "Essel Packaging to set up Rs 425 million joint venture in Germany". Rediff on the Net
  8. "Essel Packaging Ltd. - Presentation by Mr. Cyrus Bagwadia". MyIris. Iris Business Services Ltd. Retrieved 1 September 2013.
  9. James Buckley, Jr. (2005). The Bathroom Companion: A Collection of Facts about the Most-Used Room in the House. Quirk Books. p. 133. ISBN 978-1-59474-028-2.
  10. "Essel Packaging announces merger with Swiss major". Indian Express. 16 November 2000. Archived from the original on 1 September 2014. Retrieved 1 September 2013.
  11. "Essel Packaging in merger deal with Propack". The Hindu. UNI. 16 November 2000. Retrieved 1 September 2013.
  12. "Essel Propack setting up unit in USA, to expand facilities in China, Egypt". Projects Today. 20 April 2002. Retrieved 1 September 2013.
  13. Deborah Orr (27 October 2003). "Coming to America". Forbes. Retrieved 1 September 2013.
  14. "A Tale of the Tubes". Chief Executive.net. Chief Executive Group LLC. 1 October 2003. Archived from the original on 5 December 2014. Retrieved 1 September 2013.
  15. "WZCC announces Entrepreneurship development program". Synergyz. WZCC. Retrieved 1 September 2013.
  16. Amrita Nair-Ghaswalla (19 August 2009). "This chamber will water seeds of Parsi startups" (PDF). Times of India. Mumbai. TNN. Retrieved 1 September 2013.
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