Ajay Dhumal

Ajay Dhumal
Born (1957-07-16) 16 July 1957
Ahmednagar, Maharashtra
Residence Mumbai, Maharashtra, India
Nationality Indian
Ethnicity Maratha
Citizenship Indian
Education Bachelors of Commerce, LLB, LLM
Alma mater

Brihan Maharashtra College of Commerce

Government Law College, Mumbai
Occupation Chairman & Managing Director K.P. Group
Years active 1984 - Present
Religion Hinduism
Spouse(s) Surekha Dhumal (m. 1986)
Children Gayatri Dhumal
Yash Dhumal
Parent(s) Shankarrao Dhumal
Shevanta Dhumal
Family Dhumal
Website www.kppowerindia.com

Ajay Dhumal (born 16 July 1957), is an Indian business magnate, who is the Chairman, and Managing Director of K.P. Group, a conglomerate based in Mumbai, India.

K.P. Group mainly deals in wind energy, solar energy, cyber security, cement manufacturing, infrastructure development, real estate, warehousing, salt manufacturing, and aquaculture activities.

In 2016, Institute of Economic Studies, felicitated him at an event held in Dubai, and the Indian Ambassador to the United Arab Emirates awarded him the Udyog Ratan Award. K.P. Power, one of the companies of the K.P. Group received a gold medal at the Indo-UAE Economic Cooperation.

K.P. Power also is putting up the world largest private solar park which is a 3,500 MW solar park in Maharashtra, which will attract investment to the tune of $3 Billion (~ 20,000 Crores).

Early life

Ajay Dhumal, son of Late. legendary Shankarrao Dhumal, was born in Ahmednagar District in Maharashtra, India. His father Shankarrao Dhumal was an agriculturist with an industrial outlook, an Educationist, and a philanthropist. Shankarrao Dhumal set up and became the founder Director of Pravara, Asia's first co-operative sugarcane factory in Ahmednagar District of Maharashtra, in 1945 by teaming up with late. Dhananjay Gadgil, who was a world-renowned Indian economist, author, and also the mentor of former Indian Prime Minister Dr. Manmohan Singh. The sugar factory had the unique distinction of becoming debt free within its first three years, in spite of doubling the capacity of the sugar factory from 600 tons to 1200 tons. Shankarrao Dhumal also teamed up with late Shri. Karmaveer Bhaurao Patil to set up schools in the district for the poor and needy children in the rural areas, on what was commonly known as an ‘earn and learn school’. This institution has now grown to about 1200 schools in the state of Maharashtra. He established by his action that there was not only a big need to develop rural Maharashtra but also huge potential to do so.

Business career

During his college days he started construction of residential buildings in Mumbai in 1982 as a first-generation entrepreneur. In early 1990s, Ajay participated in the Government of Maharashtra encouraged scheme of developing export oriented aquaculture activity, by acquiring and utilizing thousands of acres of vast saline lands available with the Government of Maharashtra.[1] After taking possession and developing the said Govt. land, the Supreme Court of India banned aquaculture all over India. After the ban, imposed by the Supreme Court of India, Ajay integrated the existing prawn farm with salt works. He then partnered with Tacke, a wholly owned subsidiary of ENRON to put up a wind energy project. He then acquired land from MIDC in Dhule, which is currently the most windy site in the State of Maharashtra, and successfully put up wind energy projects, both as developer and as an Independent Power Producer (IPP) by partnering with wind power giants such as ENRON, GE, Vestas, and Gamesa Corporación Tecnológica, and has put up around 200–300 MW of wind energy projects in various districts in the State of Maharashtra. K.P Group subsequently took over Tacke India after the exit of ENRON from India, as ENRON sold its wind energy business to GE, which was then not keen to operate in India. K.P Group through one of its subsidiary K.P Acqua Pvt. Ltd. acquired and developed another salt works with salt-washery and refinery in Baruch district, of Gujarat, the salt producing hub, and the new salt works managed to break the records by producing unprecedented output per acre and is currently producing nearly 100,000 tons (220 million lbs) of grade-one salt annually, matching the International standards to be readily used in various industries.

Companies under K.P. Group

Awards & Honors

Year of Award or Honor Name of Award or Honor Awarding Organization
2016 Udyog Ratan Award Institute of Economic Studies

Personal life

Ajay Dhumal is married to Surekha Dhumal (Surekha Deshmukh). They have 2 children, Gayatri & Yash. The family stays in Mumbai.

See also

References

  1. ↑ http://www.caa.gov.in/uploaded/doc/registration/MH/Thane.pdf
  1. https://www.zaubacorp.com/director/AJAY-DHUMAL-SHANKARRAO/01832452
  2. http://www.allcompanydata.com/in/director/surekha-ajay-dhumal/273902
  3. http://www.datapedia.co/corporate-directory/in/director-details-ajay-dhumal-shankarrao-01832452
  4. https://indiankanoon.org/doc/163860221/
  5. http://www.caa.gov.in/uploaded/doc/registration/MH/Thane.pdf
This article is issued from Wikipedia - version of the Friday, May 06, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.