Kushal Pal Singh
 |
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| KP Singh | |
|---|---|
| Born | 15 November 1931 Bulandshahar, United Provinces now Uttar Pradesh, India |
| Residence | Gurgaon, Haryana, India |
| Alma mater | Meerut College |
| Occupation | Chairman and CEO of DLF Universal |
| Net worth | $7.3 billion (2011)[1] |
| Spouse | Married |
| Children | 3 |
| Website | |
| www.DLF.in | |
Kushal Pal Singh or K.P. Singh (Hindi:कुशल पाल सिंह ; born 15 November 1931) is an Indian real estate mogul and the chairman and CEO of DLF Limited, India's largest real estate developer.[2] It has an estimated land bank of 10,255 acres (42 km2), with about 3,000 acres (12 km²) being in Gurgaon called DLF City. He stands at 130th position in the Forbes’s list of world’s richest people, released in 2011, and has a personal wealth of $7.3 billion.[1] His autobiography, named ‘Whatever the Odds: The Incredible Story Behind DLF’, was launched by Jack Welch in 2011.[3]
Contents |
[edit] Early Life and Career
K.P. Singh was born on August 15, 1931 in Bulandshahar, Uttar Pradesh. After graduating in science from Meerut College, Uttar Pradesh, he pursued Aeronautical Engineering in UK and was subsequently selected to the Indian Army by British Officers Services Selection Board, UK. He was commissioned into the renowned cavalry regiment of ‘The Deccan Horse’ of the Indian Army. In 1960, he joined American Universal Electric Company and soon after its merger with DLF Universal Limited in 1979, he took over as the Managing Director of this new company. [1]
He later went on and made DLF India's largest real estate company, which has now become the world's largest real estate company in terms of revenues, earnings, market capitalisation and developable area.
[edit] Positions
Present positions:
• Chairman of the Board, DLF Limited.
• Chairman and Director of 31 different private companies engaged in various sectors of the economy.
• MeCommerce & Industry (FICCI).
• Member of Delhi Vision Group to overview the Master Plan of Delhi 2021.
• Honorary Consul General, Principality of Monaco.
Positions held:
• President of the apex industry chamber of the country, Associated Chamber of Commerce & Industry of India (ASSOCHAM).
• President of the PHD Chamber of Commerce and Industry.
• Director of Central Board, Reserve Bank of India (RBI).
[edit] Achievements
KP Singh made Gurgaon a world-famous outsourcing destination, within a time period of 10 years, because of his world-class earthquake-proof office buildings, apartments, shopping malls and leisure facilities (including the DLF GaMY Player designed Golf Course). [2]
Gurgaon is renowned for its large number of call centers and shopping malls.
Under his tenure, as the Chairman of DLF, the company went for an initial public offering in 2007 and made about $2.24 billion. It is one of the largest IPOs in India and was soon followed by an upsurge in the market capitalization of the company to a level of $24.5 billion, making Singh and his family one of the richest clans in the world.[4] Also, in 2008, he was briefly the world’s richest real estate tycoon. [3]
Jack Welch, the former chairman and CEO of General Electricals, told in one of his interview that Singh was one of the initiator for GE’s entry into India.[5]
[edit] Awards and Recognitions
He has received many awards for his contribution towards the society.[6]
• Decoration of Officer of the Order of St. Charles, on 04 October 2010, conferred by HSH Prince Albert II of Monaco for his valuable contributions as Honorary Consul General of Monaco in Delhi for past two decades.
• Padma Bhusan Award, on 26 January 2010, conferred by Government of India.
• Recognition by Forbes magazine as the richest real estate baron and eighth richest person in the world, on 24 March 2008.
• The Samman Patra Award, in 2000, conferred by Government of India for being one of the top tax payers of Delhi region.
• Delhi Ratna Award, conferred by Government of Delhi for his valuable contribution towards the development of Delhi.
• A Special Award conferred by NDTV, at the Indian of the Year Award Function held on 17 January 2008, for his contribution towards growth of Indian economy.
[edit] Personal Life
K.P. Singh is married to Indira Singh and has three children.[7]
[edit] References
- ^ a b Forbes topic page on KP Singh Forbes.com. Accessed April 2011.
- ^ DLF
- ^ DLF Chairman K.P. Singh's auto biography launched in Delhi indiatoday.in. Accessed Nov 15, 2011.
- ^ The Real Estate Mogul Leading India's Charge
- ^ K.P. Singh Almost Sold DLF Stake For Rs26 Lakh
- ^ Awards and Recognitions
- ^ Whatever The Odds: The Candid Story of Corporate Legend K.P. Singh
