Jaiprakash Gaur

Jaiprakash Gaur (born c.1930) is an Indian entrepreneur. He founded and, until his retirement in 2010, was the chairman of Jaypee Group, a conglomerate with a heavy emphasis on engineering and construction (particularly for infrastructure and power projects), cement, and hydropower production. In 2012 he was ranked by Forbes magazine as the 70th-richest person in India, with an estimated net worth of US$855 million. [1] Gaur has been associated with the construction industry for more than five decades.[2]

Early life

Gaur was born in a village in Uttar Pradesh. His father was an agricultural inspector in the British government. He graduated in civil engineering from the University of Roorkee in 1950. After graduation, he worked as junior engineer in the Uttar Pradesh state irrigation department.[3][4]

Career

After graduation, Gaur joined the state government's irrigation department as a junior engineer.[5] Subsequently he started his own venture as a civil contractor.[4][6] Two decades later, he laid the foundation for the Jaypee Group by setting up Jaiprakash Associates, a civil engineering and construction company.[6][7] To leave a secure government job and pursue contractorship in 1958, when it was considered to be most prestigious, required courage. In 1967, he led and transformed a motley group of persons into a company which took pride in its cable address "Iron Will" and went on to execute:

  • Sardar Sarovar Dam – India’s largest dam with 7.2 million cu.m. of chilled concrete; larger by 75% in terms of volume than Bhakra Nangal Dam
  • Tehri Dam - Asia's largest rockfill dam
  • Nathpa Jhakri (power house) - The largest underground power house in India

In 2010 he was ranked by Forbes magazine as the 48th-richest person in India, with an estimated wealth of US$1.5 billion.[5]

Awards and honours
  • 2005 "Distinguished Alumni Award" by Indian Institute of Technology Roorkee (erstwhile University of Roorkee), in recognition of his contribution in the field of corporate development/administration/entrepreneurship[8]
  • 2005 "Lifetime Achievement Award" by Builders' Association of India, in recognition of his outstanding contribution to the Indian construction industry[9]
  • 2005 "Udyog Ratna" award by the Progress Harmony Development (PHD) Chamber of Commerce & Industry, in recognition of his contribution to the economic development of Madhya Pradesh[10]
  • 2008 "Entrepreneur of Year Award", by Ernst & Young, for his exceptional contribution in the infrastructure and construction sector[6]
  • 2010 "Lifetime Achievement Award" by Merchants' Chamber of Uttar Pradesh, Kanpur, for creating new milestones in infrastructure development and for his achievement in corporate social responsibility[11]

References
  1. "Jaiprakash Gaur". Forbes. Retrieved 12 March 2015.
  2. "Jaiprakash Gaur: Executive Profile & Biography". Bloomburg Business. Retrieved 1 July 2011.
  3. Karmali, Naazneen (12 April 2010). "Road to Riches". Forbes. Retrieved 12 March 2015.
  4. "History". Jaypee Group. Retrieved 1 July 2011.
  5. Karmali, Naazneen (ed.). "India's Richest: #48 - Jaiprakash Gaur". Forbes. Retrieved 29 September 2010.
  6. "Entrepreneur of the Year: Jaiprakash Gaur". Ernst & Young. Archived from the original on 12 December 2009. Retrieved 1 July 2011.
  7. "Jaiprakash Gaur Opts Out of Company's Board". Business Standard. Press Trust of India. 1 November 2010. Retrieved 1 July 2011.
  8. "Distinguished Alumni Awardees - 2005". Sampark. Retrieved 12 March 2015.
  9. Hiscock, Geoff (2008). India's Global Wealth Club: The Stunning Rise of Its Billionaires and Their Secrets of Success. Wiley. ISBN 9780470822388. Retrieved 12 March 2015.
  10. "Chief Minister felicitates the Udyog Ratnas". Hindustan Times. New Delhi. 25 April 2005. Archived from the original on 2 April 2015 – via Highbeam.
  11. "Achievements". Jaypee Group. Retrieved 12 March 2015.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.