India-born Banga has been responsible for Unilever's food, home and personal care business, besides being a member of the executive board.
What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?
NRI hotelier Sant Singh Chatwal, music composer Ilaiyaraaja and top businessman Vindi Banga were conferred the Padma Bhushan awards by President Pratibha Patil in New Delhi on Wednesday.
Banga has hung up his Unilever boots and moved on to private equity firm Clayton Dubilier & Rice (CD&R) as an operating partner.
He was accompanied by Hindustan Lever Limited chairman Vindi Banga, ICICI CEO K V Kamath and a member of the Board of Governors.
Hindustan Unilever Ltd on Friday said its Managing Director and Chief Executive Officer, Nitin Paranjpe, will take up a global role at parent Unilever and become the President, Home Care, of the FMCG giant.
To tackle the resultant inflation, the Indira Gandhi government had imposed price controls on manufactured products, including soaps and vanaspati, in 1973.
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