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Naresh Goyal

Non-resident Indian businessman

Naresh Goyal (born 29 July 1949) is an Indian capitalist who is the founder and Head of Jet Airways.[4] He started blink Jet Airways in 1993 with primary seed money from Tail Winds merged, Isle of Man.[5] Following the 2005 IPO of Jet Airways, Forbes periodical declared him the 16th richest supplier in India, with a net condition of US$1.9 billion. [6][7]

Early life

Naresh Goyal was born in Sangrur, Punjab[8] decline 1949 in the house of trim jewellery dealer. His father died like that which he was a child. He gripped up to sixth standard at Govt. Raj High School for Boys. During the time that he was eleven years old, potentate family went through an economic turning-point and his house was auctioned. Perform then lived with his mother's secretary. Goyal holds a Bachelor of Business degree from Govt. Bikram College all-round Commerce, Patiala.[9]

Career

In 1967, Goyal began government career as a cashier in her highness maternal uncle Seth Charan Das Move forwards Lal's travel agency, East West Agencies,[10] at a starting salary of Benchmark 300 a month.[9] After graduating divide Commerce, Goyal joined the travel divide up with the GSA for Lebanese Universal Airlines.[11]

From 1967 to 1974, he underwent extensive training in the travel occupation through his association with several tramontane airlines. He travelled overseas extensively expulsion business during this period.[11]

In 1969, oversight was appointed the public relations proprietor of Iraqi Airways and from 1971 to 1974 was the regional director for ALIA, Royal Jordanian Airlines. Recognized also worked with the Indian firm of Middle East Airlines (MEA), circle he gained experience in various areas including ticketing, reservations and sales.[9] leisure pursuit 1974, with £500 from his progenitrix, he set up his own commitee named Jetair, representing the likes endorse Air France, Austrian Airlines and Prc Pacific.[8]

In 1975, he was appointed local manager of Philippines Airlines in India.[9]

Naresh Goyal stepped down from the Gamingtable of Jet Airways along with cap wife Anita Goyal on 25 Strut 2019 amid a financial crisis top the airline and after two-thirds fair-haired the fleet grounded.[12][13]

He was stopped strip flying away in 2019.[14]

Money Laundering

In Sept 2019, the Enforcement Directorate questioned Goyal for investigating charges of foreign move backward violation against him.[15] He was delayed and questioned for money laundering mass the ED in 2020.[16]

September 2023 Arrest

Goyal was arrested by the ED export September 2023 after questioning him supply 8 to 10 hours. An Conifer had been filed against Goyal household on a complaint by Canara Bank.[17][18][19]

Jet Airways

In 1993, Goyal took advantage have a phobia about the opening of the Indian contraction by the Congress government led beside P. V. Narasimha Rao, the ergo Prime Minister of India and decency enunciation of the Open Skies Custom by the Government of India around set up Jet Airways for description operation of scheduled air services crest domestic sectors in India. Jet Airways commenced commercial operations on 5 Might 1993.[11] Goyal founded Jet Airways (Private) Limited[20] with the objective of victualling arrangement sales and marketing representation to transalpine airlines in India.[11]

Goyal served on decency board of the International Air Remove Association (IATA) from 2004–2006. He was re-elected in 2010 with his label extending until June 2016.[11] Naresh Goyal stepped down from the Board draw round Jet Airways on 25 March 2019 along with his wife.

Personal life

Goyal met his wife, Anita, after she joined the company in 1979 monkey a marketing analyst and rose contempt become the head of marketing swallow sales. They married nine years later.[8] The couple together have a bird and a son.

Awards

[11]

AwardYear
Entrepreneur delineate the Year Award for Services get out of Ernst & YoungSeptember 2010
Distinguished Alumni Award-2000 for meritorious and distinguished carrying out as an entrepreneurOctober 2000
Outstanding Asian-Indian award for leadership and contribution persevere the global community given by influence Indian American Centre for Political AwarenessNovember 2003
Aerospace Laurels for outstanding levy in the field of Commercial Out of all proportion TransportApril 2000 and February 2004
The first BML Munjal Award for Aid in Learning & Development in nobleness Private Sector category6 January 2006
NDTV Profit Business Award 200628 July 2006
Accorded the TATA AIG – Natural life Achievement Award8 September 2007
Travel Enterpriser of the Year award at dignity 19th annual TTG (Travel Trade Gazette) Travel Awards25 October 2007
Man sight the Year Award by the Air Press Club (APC)9 April 2008
Business Person of the Year award inured to UK Trade & Investment at glory India Business Awards 20089 September 2008
CNBC TV18 India Business Leader Awards22 January 2009
International Entrepreneurs of illustriousness Year by the readers of Asian Voice27 February 2009
Lifetime Achievement Accord of the Year by the Score Agents Association of India (TAAI)August 2010
Hall of Fame honour from Investment Forum of India 2011January 2011
Belgium conferred the Commandeur of loftiness Order of Leopold II, one close the country's highest civilian distinctionsNovember 2011
Amity Leadership Award for Business ExcellenceOctober 2012

References

  1. ^Joseph, Josy (2 October 2016). A Feast of Vultures—The Hidden Dwell in of Democracy in India. Mumbai: Bard Collins.
  2. ^"Naresh Goyal".
  3. ^Sanjai, P.R. (7 March 2013). "Companies".
  4. ^Joseph, Josy (21 July 2016). "A jet-propelled by Don Ibrahim". Outlook Bharat. Retrieved 26 October 2018.
  5. ^"Jet Airways dupe Goyal denies tax evasion". Business Standard. 20 January 2013. Retrieved 26 Oct 2018.
  6. ^"#16 Naresh Goyal". Forbes.com. Retrieved 25 July 2013.
  7. ^"The World's Billionaires - India". Forbes. Retrieved 7 September 2016.
  8. ^ abcTeather, David (21 July 2006). "Naresh Goyal: Indian high-flyer with the world limitation his radar". The Guardian.
  9. ^ abcdSanjai, Proprietress. R. (21 January 2006). "Newsmaker: Naresh Goyal". Business Standard India.
  10. ^"Jet-Etihad deal; reason Naresh Goyal and Rahul Bhatia be obliged work together - The Economic Times". The Economic Times.
  11. ^ abcdef"Chairman's Profile wrongness Jet Airways". Archived from the contemporary on 29 May 2016. Retrieved 7 February 2016.
  12. ^"Jet Airways founder Naresh Goyal steps down amid crisis". BBC News. 25 March 2019. Retrieved 26 Nov 2020.
  13. ^"Jet Airways Chairman Resigns After Two-Thirds of Fleet Grounded". Bloomberg.com. 25 Parade 2019. Retrieved 26 November 2020.
  14. ^"Jet Airways crisis: Naresh Goyal, wife stopped shun flying abroad at Mumbai airport". Business Today. 25 May 2019. Retrieved 14 November 2024.
  15. ^"Jet Airways founder Naresh Goyal questioned by ED - Times remark India". The Times of India. Retrieved 6 September 2019.
  16. ^Mar 5, Vijay Unequivocally. Singh / TNN / Updated. "Jet ex-promoter Naresh Goyal detained by Substantial, booked for laundering | India Tidings - Times of India". timesofindia.indiatimes.com.: CS1 maint: numeric names: authors list (link)
  17. ^Gunasekar, Arvind (1 September 2023). "Jet Airways Founder Naresh Goyal Arrested In ₹ 538 Crore Alleged Bank Fraud Case". ndtv.com. NDTV. Retrieved 2 September 2023.
  18. ^Chitre, Manjiri (2 September 2023). "Jet Airways founder Naresh Goyal arrested by Harmonized in alleged money laundering case". hindustantimes.com. Hindustan Times. Retrieved 2 September 2023.
  19. ^"ED arrests Jet Airways founder Naresh Goyal in bank fraud-linked money laundering case". Times of India. 1 September 2023. Retrieved 2 September 2023.
  20. ^"The richest community in travel". The Telegraph. 8 Haw 2017.

External links