Baba Kalyani
Indian businessman From Wikipedia, the free encyclopedia
Babasaheb Neelkanth Kalyani (born 7 January 1949) is an Indian billionaire businessman who served as the chairman and managing director of Bharat Forge, the flagship company of the Kalyani Group and the world's second-largest forging manufacturer after ThyssenKrupp of Germany.[5][6]
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Baba Kalyani | |
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Kalyani at the World Economic Forum's India Economic Summit 2009. | |
| Born | 7 January 1949[1] |
| Nationality | Indian |
| Alma mater | |
| Occupation | Businessman |
| Title | Founder and Chairman of Kalyani Group |
| Children | Amit Kalyani[2] |
| Awards | Padma Bhushan (2008) Order of the Polar Star[3] Bundesverdienstkreuz (2012)[4] |
Family, Early life and education
Summarize
Perspective
Babasaheb Kalyani was born in a Lingayat family on 7 January 1949 to Sulochana and Neelakanth Rao Kalyani, a Pune-based technocrat and maker of automotive components.[citation needed] He completed his high school from Rashtriya Military School, Belgaum; and also attended Dr. (Mrs.) Erin N. Nagarvala School (formerly National Model School), Pune. He attended BITS Pilani, from where he earned a BE (Hons.) in Mechanical Engineering in 1970,[7] and later Massachusetts Institute of Technology where he earned an MS degree.
Babasaheb Kalyani is locked in a bitter dispute with his brother Gaurishankar over a will to distribute family wealth. Gaurishankar has disputed the 2012 will which favours Babasaheb Kalyani and has submitted a will dated December 17, 2022. Gaurishankar claims revokes all previous versions and he has accused Babasaheb Kalyani of exerting “coercion and undue influence” over their mother to secure a more favorable distribution of the estate. Gaurishankar further alleges that Baba’s efforts to probate the 2012 will are part of an attempt to “usurp” properties intended for him. [8]
Babasaheb Kalyani's sister Sugandha Hiremath has alleged that he made false statements regarding a samadhi being built in their parents' name at Kashi. She has accused him of "fraud" [9] amid a legal battle over the construction of a memorial shrine (samadhi) for their late mother. The dispute has now reached Pune’s Civil Court after Sugandha Hiremath filed a special civil suit against her brother, Baba Kalyani. [10]
Career
Baba Kalyani joined Bharat Forge, a global manufacturing company, in 1972.[11]
To contribute to a clean and emission-free environment, Kalyani set up Kenersys Limited to manufacture various energy-efficient wind turbines for domestic and international markets. The company also has its own wind turbines in Maharashtra which generate "green energy" for the group's manufacturing operations. He is also engaged in developing solar energy equipment for the non-conventional energy sector. In a joint venture with KPIT Cummins, Bharat Forge is developing a hybrid solution that would contribute in the country being able to meet its vehicular emission targets.
Kalyani has been a member of the SKF board of directors since 2011.[12]
The Government of India constituted a task force under the chairmanship of Baba Kalyani to study policies related to special economic zone (SEZ) on 6 June 2018.[13]
On 19 February 2015, the Kalyani Group announced a joint venture with Rafael Advanced Defense Systems of Israel. This joint venture company will be based in India.[14]
Recognition
Kalyani received the Indian government's Padma Bhushan award for contributions to Trade and Industry,[15] and was made Commander First Class of the Royal Order of the Polar Star by the Swedish government in recognition of his contribution in furthering trade and business cooperation between Sweden and India. Other awards include Global Economy Prize, 2009 for Business by Kiel Institute, German Businessman of the Year, 2006 by Business India Magazine, Entrepreneur of the Year 2005 for Manufacturing by Ernst & Young, and CEO of the Year 2004 by the Business Standard group.[16]
Kalyani was honored with the Cross of the Order of Merit from the Federal Republic of Germany in 2012.[17]
In April 2021, Forbes estimated his net worth to be around US$2.3 billion.[18]
As of 2024, Kalyani is ranked 66th on the Forbes list of India’s 100 richest tycoons with a net worth of $4.8 Billion.[19]
Philanthropy
He is the founder-chairman of Pratham Pune Education Foundation, an NGO that is engaged in providing primary education to children belonging to under-privileged sections of the local community, which was established in 2000.[20]
References
External links
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