Naresh Goyal
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| Naresh Goyal | |
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| Born | July 29, 1948 Patiala, Punjab, India |
| Residence | Mumbai |
| Nationality | Indian |
| Occupation | Chairman of Jet Airways |
| Net worth | ▲ US$2.2 billion |
Naresh Goyal (नरेश गोयल) (born December 23, 1950) is an Indian businessman and founder Chairman of Jet Airways. He started operating Jet Airways in 1993. Following the 2005 IPO of Jet Airways, Forbes magazine declared him the 16th richest person in India with a net worth of $1.9 billion.
He took over Air Sahara giving his company 32% of the Indian travel market.
He has over 25 years of experience in the civil aviation sector. Under his leadership, Jet Airways has emerged as one of India's most preferred airlines.[citation needed] Following the bad times in the airline industry in the second half of 2008, Naresh Goyal joined hands with his prominent rival Vijay Mallya's Kingfisher Airlines in October 2008, entering into an agreement that would rationalize the operation of routes, sharing of codes, prices and availability, fuel management and ground handling, thus making Jet Airways-Kingfisher not only the largest market player, but also enabling both the airlines that would otherwise head for a collapse to economize and save. The Competition Commission of India has launched an inquiry if this arrangement is anti-competitive. He has a son name Nivaan Goyal currently studying in London.
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[edit] Early life
He was born in Patiala in Punjab in the house of a jewellery dealer. When he was 11 his family went through an economic crisis and his house was auctioned. He lived with his mother's uncle.
He completed his graduation in Commerce from Vikram College, Patiala.
[edit] Education
After graduating in commerce in 1967, Naresh Goyal joined the travel business with the general sales agents for Lebanese International Airlines. From 1967 to 1974, he took extensive training in all facets of the travel business through his association with several foreign airlines.
[edit] Jet Airways
In May 1974, Goyal founded Jet Airways (Private) Limited with the objective of providing sales and marketing representation to foreign airlines in India.
Mr. Goyal served on the Board of the International Air Transport Association (IATA) from 2004-2006.
[edit] External links
- Naresh Goyal image
- Jet Airways site Chairman's profile
- Airline Business magazine profile
- Forbes - India'a 40 richest
- Takeover link
- Jet files a suit of 500 Cr - Agarwal Today Report
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