Rajeev Chandrasekhar Explained

Rajeev Chandrasekhar
Birth Date:31 May 1964
Birth Place:Ahmedabad, Gujarat, India
Office:Minister of State for Electronics and Information Technology
Term Start:7 July 2021
Term End:11 June 2024
Primeminister:Narendra Modi
Predecessor:Sanjay Dhotre
Successor:Jitin Prasada
Minister:Ashwini Vaishnaw
Office1:Minister of State for Skill Development and Entrepreneurship
Primeminister1:Narendra Modi
Minister1:Dharmendra Pradhan
Predecessor1:R. K. Singh
Term Start1:7 July 2021
Term End1:11 June 2024
Office2:Member of Parliament, Rajya Sabha
Term Start2:23 April 2006
Term End2:2 April 2024
Constituency2:Karnataka
Spouse:Anju C
Children:2
Party:Bharatiya Janata Party
Profession:National Spokesperson of BJP,
Vice Chairman, VIF Centre for Economic

Rajeev Chandrasekhar (born 31 May 1964) is an entrepreneur and technocrat.[1] He is a former junior minister, Minister of State for the Ministry of Electronics and Information Technology, Ministry of Skill Development and Entrepreneurship, and Ministry of Jal Shakti. From 2006 to 2024, he was also a member of parliament in the Rajya Sabha representing Karnataka. He is a member of the Bharatiya Janata Party (BJP). He lost his ministerial credentials after losing his elections in Thiruvananthapuram and was not offered a ministerial position in new coalition formed under National Democratic Alliance.

He has served as the national spokesperson and vice-chairman of the Kerala faction of the BJP-led National Democratic Alliance.[2] Chandrasekhar served as Member of Parliamentary Standing Committee on Finance, Member of Public Accounts Committee (PAC), Member of the Joint Committee on Data Protection Bill, 2019 and Member of the Consultative Committee on MoE & IT, Ministry of Communications, Member of the Indian Council for World Affairs.

Chandrasekhar served as a member of the Parliament, Standing Committee on Defence, Consultative Committee on Finance, the Central Advisory Committee for the National Cadet Corps, Co-chairman of District Development Coordination & Monitoring Committee, Bangalore Urban District. He served as member Rajya Sabha Select Committees for the GST[3] and Real Estate bills.[4] Chandrasekhar is the founder and Advisor to the Board of Jupiter Capital Pvt. Ltd.

Early life and education

Rajeev was born to Malayali Nair parents in Ahmedabad, Gujarat. His father M. K. Chandrasekhar was an Air Commodore of the Indian Air Force and was the trainer of Rajesh Pilot.[5]

Chandrasekhar studied in various schools across India, and studied electrical engineering at Manipal Institute of Technology.[6] He obtained his master's degree in computer science in 1988 from the Illinois Institute of Technology in Chicago.[7] He was handpicked by Vinod Dham to join Intel and worked there from 1988 to 1991. At Intel he was part of the architectural team that designed the i486 processor.[8] He completed an advance management program from Harvard University.

Career

Entrepreneur

In 1991, after returning to India, Chandrasekhar married and joined his father-in-law's company, BPL Group. In 1994, he founded BPL Mobile. It was one of the major telecom companies in India then with licenses over places such as Mumbai. In July 2005, he sold his 64 per cent stake in BPL Communications to Essar Group for US$1.1 bn.

Chandrasekhar founded Jupiter Capital in 2005, with an initial investment of US$100 million. The investment firm has investments and managed assets of over US$800 million in technology, media, hospitality, and entertainment.[9]

In April 2013, Chandrasekhar was awarded an honorary doctorate by Visvesvaraya Technological University, Belgaum, for his work as an entrepreneur.[10]

As per the affidavit submitted by Chandrasekhar before Election Commission of India in 2018, he has an annual income of 28 crores and family assets valued at 65 crores.[11] He also held equity shares in six unlisted companies: Vectra Consultancy Services, SPL Infotech PTE, Jupiter Global Infrastructure, Minsk Developers, RC Stocks & Securities and Sanguine New Media. In addition to this he indirectly has stakes in Axiscade Engineering Technologies, Jupiter Capital Private Limited, Mistral Solutions, Assystem Axiscades, Tayana Digital, Hindustan Infrastructure Projects & Engineering Pvt Ltd.[12] [13]

Media

In late 2006, Chandrasekhar entered into a media foray due to investments made in Asianet Communications Ltd. through his firm Jupiter Capital Private Limited.[14] In late 2008, he entered into a joint venture with Rupert Murdoch's News Corp as Asianet Star Communications.[15] In 2008 May, he started Asianet News Online Private Ltd. (ANOPL) which holds media outlets Asianet News, Suvarna News, and online portal Newsable. In 2016, through ANOPL, he invested nearly 60 crores in ARG Outlier Media, the holding company of Republic TV.[16] [17] In May 2019, ANOPL diluted the share holding in Republic TV after Chandrasekhar became a Member of Parliament, Rajya Sabha as Bharatiya Janata Party member in 2018.[18] [19]

Politics

In the Second Modi ministry Chandrasekhar became a Minister of State following the cabinet reshuffling in July 2021.[20] He was the Minister of State for the Ministry of Electronics and Information Technology, Ministry of Skill Development and Entrepreneurship, and Ministry of Jal Shakti. Earlier he was a national spokesperson of BJP.[21] He was announced as the BJP candidate from the Trivandrum constituency for the 2024 Lok Sabha elections in Kerala.[22] He lost to the then incumbent MP Shashi Tharoor by 16,077 votes.[23]

Member of Parliament

Chandrasekhar was an Independent member of Rajya Sabha representing Karnataka from April 2006 to April 2018.[24] [25] In April 2018, he was re-elected to the Rajya Sabha from Karnataka for a third six-year term as a BJP member.[26]

Personal life

Rajeev is married to Anju Chandrasekhar (m. 1991), the daughter of T. P. G. Nambiar, the founder of BPL Group and resides in Koramangala, Bengaluru.[27] They have a son, Ved, and a daughter Devika.[28] His mother Anandavalli Amma and father M. K. Chandrasekhar also reside in Bengaluru.

Awards and accolades

Further reading

External links

Notes and References

  1. Web site: Shri Rajeev Chandrasekhar Ministry of Skill Development and Entrepreneurship Government Of India . www.msde.gov.in . . 23 May 2024.
  2. News: Businessman Rajeev Chandrasekhar appointed Vice Chairman of NDA in Kerala . Business Standard.
  3. Web site: Rajya Sabha Select Committee on GST Bill.
  4. Web site: Rajya Sabha Select Committee on Real Estate Bill.
  5. News: Vivek. T. R.. Rajeev Chandrasekhar: The entrepreneur with fingers in many sectors. The Economic Times. 2021-07-08.
  6. Web site: Distinguished Manipal Alumni.
  7. Web site: From Intel To Minister Of State, The Journey Of Rajeev Chandrasekhar. 2021-07-07. Moneycontrol. 7 July 2021 . en.
  8. Web site: 2012-08-20. Ahead of the Curve. 2021-07-07. Illinois Tech Magazine. en.
  9. Web site: Rajshekhar. M.. How a legal loophole allows BJP MP Rajeev Chandrasekhar to hide his full wealth from election panel. 2021-07-08. Scroll.in. 18 March 2019 . en-US.
  10. News: 2013-04-06. Election Commission allows MP to receive honorary degree. en-IN. The Hindu. 2021-07-08. 0971-751X.
  11. Web site: TNN. 13 March 2018. Worth Rs 65 cr, Rajeev Chandrasekhar is second richest candidate in fray . Times of India. 2021-07-08. en.
  12. Web site: Rajshekhar. M.. How a legal loophole allows BJP MP Rajeev Chandrasekhar to hide his full wealth from election panel. 2021-07-08. Scroll.in. 18 March 2019 . en-US.
  13. Web site: Rajeev Chandrasekhar merges 3 group companies into Axis Aerospace. 2021-07-08. @businessline. 14 September 2011 . en.
  14. Web site: Asianet News proved its credibility despite Rajeev Chandrashekar's attempts at interference. 2021-07-08. caravanmagazine.in.
  15. News: VCC. Team. 2008-11-17. Star buys majority in Asianet; forms JV with Rajeev Chandrasekhar. en. Reuters. 2021-07-08.
  16. Web site: 2017-01-13. Arnab's Republic of Investors: Who is funding Goswami and what that means. 2021-07-08. The News Minute. en.
  17. Web site: 2017-01-13. Kerala NDA vice-chairman Rajeev Chandrasekhar investor, director in Arnab Goswami's Republic. 2021-07-08. The Indian Express. en.
  18. News: Narasimhan. T. E.. 2019-05-06. Rajeev Chandrasekhar's Asianet pares stake in Arnab Goswami's Republic TV. Business Standard India. 2021-07-08.
  19. Web site: Ayush . Tiwari . Prateek . Goyal . From Asianet to Manyavar: How Republic became an 'editor-controlled' company. 2021-07-08. Newslaundry. 30 January 2021 .
  20. Web site: 2021-07-08. Who is Rajya Sabha MP Rajeev Chandrasekhar, inducted into the Modi Cabinet?. 2021-07-08. The Indian Express. en.
  21. News: BJP announces new national office bearers, Rajeev Chandrasekhar appointed as national spokesperson . Asianet News Network Pvt Ltd . 26 September 2020 . en.
  22. Web site: 2024-03-02 . BJP to contest in 12 LS seats in Kerala: Suresh Gopi in Thrissur, Rajeev Chandrasekhar in TVM . 2024-06-04 . English.Mathrubhumi . en.
  23. https://results.eci.gov.in/PcResultGenJune2024/candidateswise-S1120.htm
  24. Web site: List of Council of Ministers Members of the Cabinet . Rajya Sabha Secretariat . 2022-09-07.
  25. Web site: RAJYA SABHA MEMBERS BIOGRAPHICAL SKETCHES 1952-2019 . dead . https://web.archive.org/web/20210915174758/https://rajyasabha.nic.in/rsnew/publication_electronic/Member_Biographical_Book.pdf . 2021-09-15.
  26. News: News18 . 3 April 2024 . Former PM Manmohan Singh Retires From Rajya Sabha After 33 Years . https://web.archive.org/web/20240403175952/https://www.news18.com/politics/rajya-sabha-former-pm-manmohan-singh-congress-veteran-retires-union-ministers-members-parliament-8837855.html . 3 April 2024 . 3 April 2024 . en.
  27. News: Rai. Asha. BPL family's walk down Street Legal. The Economic Times. 2021-07-07.
  28. Web site: Stocks. www.bloomberg.com. 13 June 2023 .
  29. News: India's 50 powerful people. India Today. 14 April 2017.
  30. Web site: 2007 Alumni Award winners. . 16 June 2016.