KP Singh is an Indian businessman and real estate tycoon. He is the Chairman Emeritus of Delhi Land and Finance (DLF) Real Estate Company. Singh is one of India’s most successful and influential business leaders, known for his pioneering role in transforming the Indian real estate market and leading DLF to the pinnacle of success.
Wiki/Biography
Kushal Pal Singh Tewatia was born on Sunday, November 15, 1931, in Bulandshahr, United Provinces, British India (now Uttar Pradesh, India) (age 91; as of 2022). After completing his education at Bulandhshahr, Kushal Pal pursued B.Sc from Meerut College, Uttar Pradesh. Kushal later moved to England where he studied aeronautical engineering.
appearance
Hair color: gray (semi-bald)
Eye color: black
family
Parents and siblings
His father, Chaudhary Mukhtar Singh, was a prominent lawyer in Bulandshahr, United Provinces of British India (now Uttar Pradesh, India).
wife and children
Kushal Pal Singh is married to Indira Singh, the daughter of DLF founder Raghvendra Singh.
Old photos of KP Singh and Indira Singh
Kushal has three children, a son Rajiv Singh (DLF Vice Chairman) and two daughters Renuka Talwar and Pia Singh (DLF Non-Executive Director). In 2018, Singer’s wife died of cancer.
KP Singh and his family – seated (left to right): Savitri and Anushka (granddaughters), KP Singh, Tara (granddaughters), Indira Singh (wife), Jai and Rahul (grandsons); standing (left to right ): Timmy Sarna (son-in-law), Pia and Renuka (daughters), Kavita (daughter-in-law), Rajiv Singh (sons) and Rana · Rana Talwar (son-in-law)
Relationships/Affairs
Synge’s Young British Love
KP Singh’s father Mukhtar Singh wanted him to become an aeronautical ground engineer, for which he sent him to England where he met Julie. Kushal successfully integrates into the British upper class and becomes friends with Julie, a classmate who belongs to the elite social class.
juliet
KP Singh dances with Julie
Looking for love at 91 years old
In an interview, KP Singh talked about how he felt lonely and sad after losing his wife Indira Singh in 2018. In 2023, he revealed that he found a girl named Sheena as a companion, and she helped him stay energetic, positive, and present throughout the day. KP Singh said in an interview about finding new friends and partners:
Her name is Sheena. She is now one of the best people in my life. She is very energetic. She keeps me on my toes. She has a lot of good friends all over the world, so I went with them. She always inspires me. Whenever I feel down, she pushes me back up. She is an important part of my life. ”
Profession
indian army
After studying aeronautical engineering in the UK, Singh appeared for the Indian Military Academy entrance examination in the UK and was subsequently selected into the Indian Army by the British Officers Service Selection Board. In 1951, he was commissioned as a Second Lieutenant in the Deccan Cavalry (9th Cavalry). Singh was later promoted to the rank of captain and served until 1960.
KP Singh (far left) and others in a cavalry unit of the Indian Army
DLF
In 1960, Kushal Pal Singh joined the American Universal Electric Company, which later merged with DLF, a real estate company founded by his father-in-law in 1946. After the merger, Kushal joined DLF as managing director. Singh later established the DLF city in Gurgaon (now known as Gurugram) by acquiring land from farmers. On October 1, 2013, he was appointed as a director of DLF. Later, he was appointed chairman of the company; he retired on June 4, 2020. During his leadership, he built various earthquake-resistant infrastructure in Gurgaon, including offices, shopping malls and other leisure facilities. In 2007, under Singh’s leadership, the company held an initial public offering (IPO), raising approximately $2.24 billion, becoming one of India’s most notable IPOs.
dispute
Included in the Panama Papers
In April 2016, KP Singh and his family members, including Rajiv Singh (son), Indira Singh (wife) and Pia Singh (daughter), were included in the Panama Papers, a collection of 11.5 million documents created by a Panamanian corporate services provider Confidential Documents Mossack Fonseca Mossack. Kushal Pal is reportedly linked to an offshore company registered in the British Virgin Islands, which is reportedly used for real estate investments in London. According to the law firm Mossack Fonseca, Kushal has registered himself as a politically exposed person and purchased several shares with his wife in a company called Wilder Limited. According to leaked reports, his son and daughter set up two more offshore companies in the British Virgin Islands. It is estimated that Singer and his wife purchased shares worth $676,400 and $714,400 respectively. Responding to the allegations against him, Kushal said overseas investments did not violate the guidelines laid down by the Reserve Bank of India. Talking about this issue in an interview, Kushal said:
The RBI’s permissible method of remittances subject to the permissible LRS limit per year is said to allow Indian residents to first open a bank account with a foreign bank and then remit the funds therein. Remittances started after the announcement of LRS by the Reserve Bank of India in 2004. The remittance amount is within the prescribed limit and is done through authorized dealers. “
Leaked report clips from Mossack Fonseca
Awards and Honors
- In 2000, he was awarded the Samman Patra Award by the Government of India for being one of the highest taxpayers in Delhi.
- On January 17, 2008, Kushal Pal was awarded a Special Award by NDTV at the Indian Personality of the Year event held in New Delhi in recognition of his contribution to India’s economic growth.
- On January 26, 2010, he was awarded the Padma Shri by the Indian government, the third highest civilian award in India.
- On October 4, 2010, Prince Albert II awarded him the Officer of the Order of Saint Charles in recognition of his valuable contributions during his 20 years as Honorary Consul General of Monaco in Delhi.
- In 2011, he won the “Entrepreneur of the Year” award at the Asia Awards Ceremony.
- He is the recipient of the Delhi Ratna Award conferred by the Bharat Manch in recognition of his valuable contribution to the development of the city.
- He was awarded an honorary doctorate by GB Pant University of Agriculture and Technology, Uttarakhand (GBPUAT). He has been recognized for his achievements by several institutions including the Indian School of Business, the Indian Institute of Management and the Indian Institute of Technology.
net worth
In 2023, his net worth was estimated to be Rs. 660 billion rupees.
Facts/Trivia
- Singer became interested in horseback riding at a young age. He once visited his uncle who was in charge of the stables at the Government House (now the Presidential Palace).
- Singh said in an interview that he was persuaded by an army officer to join the Indian Army while playing polo in Windsor, England.
- Kushal Pal wrote his autobiography titled “Anyway: The Incredible Story Behind DLF”, which was published in 2011.
- In his autobiography, Singh talked about his days at the Indian Military Academy and revealed that he wanted to escape from there. He added that he confided in a letter to a friend named Julie who lived in England and dropped the letter into a mailbox at the campus post office. A few hours after sending the letter, he was summoned by the battalion commander, Lieutenant Colonel Baljit Singh, who already knew that Kushal Pal did not want to stay at the academy. While they were discussing the matter, Kushal Pal told Baljit Singh that he planned to go to Dehradun railway station; however, Baljit, who was worried about the possibility of Kushal’s arrest at Dehradun railway station ·Singh suggested another way to escape from the college and told him to take his help to Haridwar railway station where he could catch a train. The train left for Delhi and no one stopped him.
- KP Singh is a keen golfer and collecting art.
- In the March 2008 issue of Forbes magazine, he was named the world’s richest real estate tycoon and the eighth richest person with a net worth of US$30 billion.
Categories: Biography
Source: HIS Education