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 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 from LDAV Inter college Anupshahr. After graduating as a civil engineer from the University of Roorkee, he worked as 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

  • 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[10]
  • 2005 "Lifetime Achievement Award" by Builders' Association of India, in recognition of his outstanding contribution to the Indian construction industry[11]
  • 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[12]
  • 2008 "Entrepreneur of Year Award", by Ernst & Young, for his exceptional contribution in the infrastructure and construction sector[8]
  • 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[13]

References

  1. ↑ "Jaiprakash Gaur". Forbes. Retrieved 12 March 2015.
  2. ↑ "Jaiprakash Gaur: Executive Profile & Biography". Bloomburg Business. Archived from the original on 14 October 2012. Retrieved 1 July 2011.
  3. ↑ "Jaypee University Anoopshahr". jaypeeu.ac.in. Retrieved 11 November 2020.
  4. ↑ Karmali, Naazneen (12 April 2010). "Road to Riches". Forbes. Retrieved 12 March 2015.
  5. 1 2 "History". Jaypee Group. Retrieved 1 July 2011.
  6. ↑ jin (5 September 2014). "Jaiprakash Gaur Founder of Jaypee Group". Researchpedia.
  7. 1 2 Karmali, Naazneen (ed.). "India's Richest: #48 - Jaiprakash Gaur". Forbes. Retrieved 29 September 2010.
  8. 1 2 3 "Entrepreneur of the Year: Jaiprakash Gaur". Ernst & Young. Archived from the original on 12 December 2009. Retrieved 1 July 2011.
  9. ↑ "Jaiprakash Gaur Opts Out of Company's Board". Business Standard. Press Trust of India. 1 November 2010. Retrieved 1 July 2011.
  10. ↑ "Distinguished Alumni Awardees - 2005". Sampark. Retrieved 12 March 2015.
  11. ↑ 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.
  12. ↑ "Chief Minister felicitates the Udyog Ratnas". Hindustan Times. New Delhi. 25 April 2005. Archived from the original on 2 April 2015 – via Highbeam.
  13. ↑ "Achievements". Jaypee Group. Retrieved 12 March 2015.
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