Y C Deveshwar, chairman of ITC group, passed away on Saturday. He was 72. One of India&rsquo;s longest-serving corporate chiefs, Y C Deveshwar, is survived by his wife and son. Deveshwar stepped down as chief executive of ITC Ltd, India&#039;s largest cigarette maker, in 2017. He was also a director on the central board of the Reserve Bank of India. In 2011, Deveshwar received the Padma Bhushan, India&#039;s third-highest civilian.