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Lalit Mohan Thapar (27 October 1930 – 17 January 2007), often referred to by his initials LMT, headed the LM Thapar Group of companies. He was born to Karam Chand Thapar, the founder of the Thapar Group of companies that owned companies such as Crompton Greaves, BILT and JCT Mills. Inder Mohan Thapar, Brij Mohan Thapar and Man Mohan Thapar are his brothers.
He was educated at The Doon School. He graduated in engineering from the University of Southern California, USA. He became chairman of Ballarpur Industries Limited in 1962. He died of heart failure and kidney failure in New Delhi on 17 January 2007.