Kushal Pal Singh
From Wikipedia, the free encyclopedia
Kushal Pal Singh (popularly known as: K.P. Singh) was born on August 15, 1931, at Bulandshahar in Uttar Pradesh. Today he presides over DLF Universal Limited, India’s largest real estate developer.[1] It has an estimated land bank of 10,255 acres (42 km²) with about 3,000 acres (12 km²) being in prime city locations such as Delhi NCR, Chandigarh and Kolkata.
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[edit] Background
Kushal Pal Singh, age 76 years is at the helm of DLF. He comes from a family of successful Jat landlords and lawyers. Singh, a Science graduate from Meerut College is an alumnus of the prestigious Indian Military Academy, Dehradun. He served for 9 years in The Deccan Horse - a renowned cavalary regiment of the Indian Army. He left the Indian Army in 1960 to join a family venture. Subsequently, he promoted another company, Willard India, for manufacturing industrial batteries in India. In 1961, he joined his father-in-law Chaudhary Raghvendra Singh’s realty business, Delhi Land and Finance. The late Raghvender Singh was no lesser than a real estate stalwart, having developed 22 colonies in Delhi; South Extension, Greater Kailash and Hauz Khas being among the more prominent ones. Singh moved to Gurgaon which benefited from its close proximity to Delhi and was emerging as a potential satellite city. This rural settlement was converted into the magnificent 10 miles (16 km) wide DLF City, which today stands as Asia’s largest private township.
[edit] Success
The net worth of Singh, who holds with his immediate family 87.43% of the equity of DLF's listed entity at the time of DLF going public was $21 billion. His net worth had soared after the listing but with the meltdown on the Indian Bourses; DLF was left bleeding with its share price going below the IPO price.
