Jaiprakash Gaur Explained

Jaiprakash Gaur (born 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 the village Chitta near Bulandshahr in present Uttar Pradesh.[3] His father was an agricultural inspector in the British government and worked as a serviceman in Beej Godam, Pakki Sarai at Anupshahr. He completed his secondary education at LDAV Inter college Anupshahr. After graduating as a civil engineer from the University of Roorkee, he worked as a junior engineer in the Uttar Pradesh state irrigation department,[4] [5] but was suspended from the department on charges of corruption.[6]

Career

After graduation, Gaur joined the state government's irrigation department as a junior engineer.[7] Subsequently he started his own venture as a civil contractor.[5] [8] Two decades later, he laid the foundation for the Jaypee Group by setting up Jaiprakash Associates, a civil engineering and construction company.[8] [9] 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:

In 2010 he was ranked by Forbes magazine as the 48th-richest person in India, with an estimated wealth of US$1.5 billion.[7]

Awards and honours

Notes and References

  1. Web site: Jaiprakash Gaur . Forbes . 12 March 2015.
  2. Web site: Jaiprakash Gaur: Executive Profile & Biography . https://web.archive.org/web/20121014081901/http://investing.businessweek.com/research/stocks/people/person.asp?personId=24527278&ticker=10885752 . dead . 14 October 2012 . Bloomburg Business . 1 July 2011.
  3. News: Jaypee University Anoopshahr . 11 November 2020 . jaypeeu.ac.in.
  4. Web site: Road to Riches . Karmali . Naazneen . 12 April 2010 . Forbes . 12 March 2015.
  5. Web site: History . Jaypee Group . 1 July 2011.
  6. Web site: jin. 5 September 2014. Jaiprakash Gaur Founder of Jaypee Group. Researchpedia. en.
  7. Web site: India's Richest: #48 - Jaiprakash Gaur . Karmali . Naazneen . Forbes . 29 September 2010.
  8. Web site: Entrepreneur of the Year: Jaiprakash Gaur . Ernst & Young . https://web.archive.org/web/20091212111716/http://www.ey.com/IN/en/About-us/Entrepreneur-Of-The-Year/EOY-2008-Finalists_JP-Gaur_Jaypee-Group . 12 December 2009 . 1 July 2011.
  9. News: 1 November 2010 . Jaiprakash Gaur Opts Out of Company's Board . Business Standard . Press Trust of India . 1 July 2011.
  10. Web site: Distinguished Alumni Awardees - 2005 . Sampark . 12 March 2015.
  11. Book: Hiscock, Geoff . 2008 . India's Global Wealth Club: The Stunning Rise of Its Billionaires and Their Secrets of Success . Wiley . 9780470822388 . 12 March 2015.
  12. News: 25 April 2005 . Chief Minister felicitates the Udyog Ratnas . https://web.archive.org/web/20150402102559/http://www.highbeam.com/doc/1P3-1093614171.html . dead . 2 April 2015 . Hindustan Times . New Delhi . Highbeam .
  13. Web site: Achievements . Jaypee Group . 12 March 2015.

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