Ajay Singh is an Indian businessman, sports official and bureaucrat. He is also a prominent investor in several Indian public and private companies. In 2005, he co-founded SpiceJet, India’s second largest airline. He left SpiceJet in 2010 and rejoined the company in February 2015 as chief shareholder, chairman and managing director. In July 2022, Ajay Singh hit the headlines in a fraud case in which a complainant in Delhi mentioned that Ajay Singh cheated on the pretext of allotment of SpiceJet shares he.
Wiki/Biography
Ajay Singh was born on Wednesday, December 29, 1965, in Central Delhi (age 56; as of 2022). His zodiac sign is Capricorn. Ajay Singh completed his school education at St. Columba’s School, New Delhi. After completing his studies, he pursued Bachelor of Engineering (BE) from IIT Delhi. Later, he went to Cornell University in the United States to study for an MBA in finance. Later, he obtained his LLB (Bachelor of Laws) degree from Delhi University. Ajay Singh was elected president of the school’s India Association when he was a student at Cornwell University in the United States.
appearance
Height (approximately): 5′ 9″
Weight (approximately): 75kg
Hair color: brown
Eye color: salt and pepper
family
Parents and siblings
According to some media sources, his father was born and brought up in Alwar, Rajasthan, and his mother’s family belongs to Meerut, Uttar Pradesh.
wife and children
Ajay Singh’s wife’s name is Shivani Singh. Shivani Singh was appointed as the woman director of SpiceJet in April 2015. The couple has a daughter named Avani Singh, a Stanford University alumnus. Avani Singh has strong connections with the aviation sector.
Ajay Singh’s daughter Avani Singh
Profession
In 1996, the then Delhi Transport Minister Rajendra Gupta appointed Ajay Singh to the board of directors of the Delhi Transport Corporation (DTC). It is understood that under the leadership and management of Ajay Singh, DTC’s fleet has increased from 300 buses to 6,000 buses in just two years. In 1998, he was appointed as Officer on Special Duty (OSD) to the then Minister of Information and Broadcasting (I&B) Pramod Mahajan. Ajay Singh has been mandated to revamp and reformulate the functioning and management of ‘Doordarshan’. According to some media sources, Doordarshan has launched two new channels – DD Sports and DD News under the guidance of Ajay Singh.
SpiceJet
Ajay Singh co-founded SpiceJet with Bhupendra Kansagra in 2005, acquired the grounded ModiLuft Airlines and renamed it SpiceJet. It is said that SpiceJet sold a total of 38,000 tickets on the first day of operation, with a passenger load factor of more than 90%. When Ajay Singh exited in 2010, SpiceJet had a capital of over INR 8 billion. SpiceJet was taken over by Sun Group chairman and managing director Kalanithi Maran. However; by 2015, SpiceJet was incurring huge losses due to company mismanagement and out-of-control expenses. In the same year, Ajay Singh purchased a major stake in SpiceJet and began serving as its Chairman and Managing Director.
Ajay Singh poses with SpiceJet aircraft
The World Economic Forum appointed him to chair the Aviation, Travel and Tourism (ATT) Governors’ Meeting in January 2019, making him the first Indian to chair the meeting. In the same year, IATA appointed him to its Board of Governors. Thereafter, he was nominated as Chairman, National Civil Aviation Committee, Confederation of Indian Industry and Chairman, India Initiative, World Travel and Tourism Council. Later, the Ministry of Telecommunications and Information Technology appointed him as a consultant to assist the government in formulating the National Telecommunication Policy and Information Technology Bill. In January 2021, the Boxing Federation of India reappointed him as president and the Indian Olympic Association appointed him as vice-president.
Political leanings
Ajay Singh was a key organizer of the Bharatiya Janata Party’s propaganda campaigns during the 2004 and 2014 Indian general elections. He coined the slogan “Abki Baar Modi Sarkaar” during the 2014 Lok Sabha elections. He is often referred to as Chhota Ambani or Narendra Modi’s Chhota Adani by the BJP opposition. Some of the BJP’s political ads often feature Ajay Singh. He is considered the right-hand man of the BJP. According to reports, his good experience in the aviation industry and association with the BJP helped him take the business to the top.
SpiceJet and Bombardier
In 2017, Ajay Singh signed an agreement with the United States and SpiceJet ordered 205 Boeing aircraft, one of the largest companies in the history of the United States. The deal was finalized when Donald Trump was US President, who mentioned at a media conference that this mega deal with SpiceJet India will create thousands of jobs in the US. Later, SpiceJet followed Boeing’s order with an order for 50 Bombardier Q400 aircraft, and this order is considered to be the single largest order for this aircraft in Bombardier’s history.
Ajay Singh poses with US Vice President Mike Pence in 2017
dispute
Controversy arose on July 11, 2022, when a complainant named Amit Arora complained that he cheated Amit Arora on the pretext of allotment of Spicejet shares. In his complaint, Amit Arora stated that Ajay Singh gave him a fake depositary order (DIS) worth Rs 10 lakh in exchange for giving Ajay Singh Some services provided by Ajay Singh. A case was registered against Ajay Singh under Sections 406, 409, 415, 417, 418 and 420 of the IPC soon after a complaint was lodged at Sushant Lok police station in New Delhi. On July 12, 2022, SpiceJet issued a legal notice in the media stating that the complaint against Ajay Singh was completely false and that the company would file a defamation complaint against Amit Arora. An official from SpiceJet told the media,
Liquor dealer Amit Arora filed a frivolous, mischievous and completely false complaint with Gurgaon police with an intention to tarnish the image of SpiceJet and Ajay Singh.
Ajay Singh at media conference
Awards, Honors, Achievements
In 2018, he won the U.S.-India Strategic Partnership Forum Leadership Award. In the same year, he received the Indian Aviation Excellence Award from the CAPA Chairman. In 2017, he won the Ernst & Young Indian Entrepreneur of the Year Award in the Business Transformation category.
Ajay Singh wins Entrepreneur of the Year Award 2017
Facts/Trivia
- Ajay Singh has been a sports enthusiast since his school days and college days. He actively participated in sports and cultural activities in schools and colleges. He reportedly represented the school’s cricket, football and hockey teams in various tournaments as captain.
- According to some media sources, Ajay Singh and Indian actor Shah Rukh Khan are classmates. Ajay Singh was Shah Rukh’s senior student at St. Columba’s School. During his school days, when Ajay Singh was selected as the captain of the school cricket team, the school authorities chose Shah Rukh Khan as the wicketkeeper.
- Ajay Singh started working in his family’s real estate and fashion accessories business soon after returning to India after completing college at Cornell University.
- In 1998, Ajay Singh’s performance in the Broadcasting Ministry impressed Pramod Mahajan so much that when Mahajan shuffled the Telecom Ministry , Mahajan entrusted an important position to Ajay Singh.
- In 2010, Daewoo Motors India Ltd was declared a debt-ridden company after suffering huge capital losses in the Indian market. Ajay Singh acquired the company with the intention of reviving it; however, it was all in vain.
- The Boxing Federation of India appointed Ajay Singh as President on September 25, 2016.
- In 2017, some media reports claimed that Ajay Singh reacquired SpiceJet from Malan by paying him just two rupees. According to reports, this is believed to be the lowest amount ever paid for a listed company in India.
Ajay Singh (centre) unfurls SpiceJet flag
- Ajay Singh and the Delhi government entered into a public-private partnership to operate low-floor buses.
- According to some media sources, Ajay Singh holds financial stakes in several Indian companies as an angel investor. He has partnered with a nanotechnology company in Bangalore and an IT company in Mumbai. In addition to owning an airline, he regularly invests in Delhi real estate companies that build luxury residential apartments in central Delhi.
Categories: Biography
Source: HIS Education