Naresh Goyal

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Naresh Goyal
Naresh Goyal in Bombay in Nov 2008.jpg
Born (1950-07-29) 29 July 1950 (age 64)
Residence Mumbai
Nationality Indian
Occupation Chairman of Jet Airways
Years active 1967–present
Net worth Increase US$3.2 billion
Children Nivaan Goyal
Namrata Goyal[1]

Naresh Goyal (born 29 July 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 sixteenth richest person in India with a net worth of $1.9 billion. [2]

He has over twenty-six 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 rationalise the operation of routes, sharing of codes, prices and availability, fuel management and ground handling, thus making Airindia 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.

Early life[edit]

Naresh Goyal was born in Sangrur - Punjab, northern India in 1949 in the house of a jewellery dealer situated at Nabha Gate.He studied up to sixth standard at Govt. Raj High School for Boys. When he was eleven years old, his family went through an economic crisis and his house was auctioned. He then lived with his mother's uncle. When he was eighteen he took a teaching degree. He started the career as cashier. He worked for his maternal uncle Seth Charan Das Ram Lal's who was operating a travel agency then.[3]

After graduating in commerce in 1967, Naresh Goyal joined the travel business as a general sales agent for Lebanese International.

Jet Airways[edit]

In May 1993, Goyal founded Jet Airways (Private) Limited[4] with the objective of providing sales and marketing representation to foreign airlines in India.[citation needed]

Goyal served on the Board of the International Air Transport Association (IATA) from 2004–2006.[citation needed]


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