K. P. Singh
From Wikipedia, the free encyclopedia
Kushal Pal Singh ( or K.P.Singh as he is popularly known as) was born on August 15, 1931, at Bulandshahar in Uttar Pradesh, Today he presides over the DLF group [1], India’s largest real estate developer with 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 Kolkatta.
[edit] Life
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K. P. Singh, age 78 years is at the helm of DLF. He comes from a family of successful landlords and lawyers. MSingh, 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 joint 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 a real estate stalwart having developed 22 colonies in Delhi; South Extension, Greater Kailash and Hauz Khas being the more prominent ones. Following the 1957 Delhi Development Act which made land development a state monopoly; DLF had started to lose steam. Singh moved to Gurgaon which he saw because of its close proximity to Delhi emerging as a potential satellite city and almost single-handedly, converted a rural settlement into the magnificent 10 miles (16 km) wide DLF City, which today stands tall as Asia’s largest private township.
[edit] Wealth
The net worth of Singh, who holds with his immediate family 87.43 per cent of the equity of DLF's listed entity at the time of DLF going public was US $21 Billion. His net worth has soared thanks to the booming share price of DLF on Indian charts and as of 6th October 2007, his net worth was calculated at US $32.9 billion. [2]
