FrancisClement: brief adjust intro for accuracy

2026-02-08T18:03:48Z

brief adjust intro for accuracy

103.189.130.103: CBI raided in Naresh Goyal home and offices in May 2023, after complaint from the Canara Bank in subject of defrauding the bank.

2023-05-05T16:54:15Z

CBI raided in Naresh Goyal home and offices in May 2023, after complaint from the Canara Bank in subject of defrauding the bank.

← Older revision		Revision as of 22:24, 5 May 2023
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	== Money Laundering ==		== Money Laundering ==
	In September 2019, the [[Enforcement Directorate]] questioned Goyal for investigating charges of foreign exchange violation against him.<ref>{{Cite web\|url=https://timesofindia.indiatimes.com/business/india-business/jet-airways-founder-naresh-goyal-questioned-by-ed/articleshow/71010565.cms\|title=Jet Airways founder Naresh Goyal questioned by ED - Times of India\|website=The Times of India\|access-date=2019-09-06}}</ref> He was detained and questioned for money laundering by the ED in 2020.<ref>https://timesofindia.indiatimes.com/india/jet-ex-promoter-naresh-goyal-detained-by-ed-booked-for-laundering/articleshow/74483943.cms</ref>		In September 2019, the [[Enforcement Directorate]] questioned Goyal for investigating charges of foreign exchange violation against him.<ref>{{Cite web\|url=https://timesofindia.indiatimes.com/business/india-business/jet-airways-founder-naresh-goyal-questioned-by-ed/articleshow/71010565.cms\|title=Jet Airways founder Naresh Goyal questioned by ED - Times of India\|website=The Times of India\|access-date=2019-09-06}}</ref> He was detained and questioned for money laundering by the ED in 2020.<ref>https://timesofindia.indiatimes.com/india/jet-ex-promoter-naresh-goyal-detained-by-ed-booked-for-laundering/articleshow/74483943.cms</ref> CBI raided in Naresh Goyal home and offices in May 2023, after complaint from the [[Canara Bank]] in subject of defrauding the bank. <ref>https://www.firstlytoday.com/2023/05/cbi-raids-jet-airways-founders-house.html</ref>

	==Jet Airways==		==Jet Airways==

>DEFCON5: Reverted 2 edits by 78.101.144.170 (talk): Unexplained removal of references

2021-06-27T05:28:19Z

Reverted 2 edits by 78.101.144.170 (talk): Unexplained removal of references

New page

{{short description|Non-resident Indian businessman}}
{{Use British English|date=October 2011}}
{{Use dmy dates|date=July 2020}}
{{Infobox person
| name = Naresh Goyal
| image = Naresh_Goyal_in_Bombay_in_Nov_2008.jpg
| image_size = 150px
| birth_date = {{Birth date and age|df=yes|1949|07|29}}<ref name="Vulture">{{cite book |last1=Joseph |first1=Josy |title=A Feast of Vultures—The Hidden Business of Democracy in India |date=2 October 2016 |publisher=Harper Collins |location=Mumbai }}</ref>
| birth_place = [[Sangrur]], [[Punjab, India|Punjab]], [[Dominion of India]]
| nationality = [[Indian people|Indian]] ([[Non-resident Indian and person of Indian origin|NRI]])
| occupation = Former Chairman of [[Jet Airways]]<ref name="forbes.com">{{cite web|url=https://www.forbes.com/profile/naresh-goyal/|title=Naresh Goyal}}</ref>
| children = 2<ref name="livemint.com">{{cite web|url=http://www.livemint.com/Companies/R99xh6Qyc0QJnuaDDWafmN/Still-uncertain-Namrata-and-Nivaan-Goyal.html|title=Companies|first=P.R.|last=Sanjai}}</ref>
| networth =
| years_active = 1967 – 2019
}}

'''Naresh Goyal''' (born 29 July 1949) is a [[non-resident Indian]] (NRI) businessman and founder Chairman of [[Jet Airways]].<ref>{{cite news |last1=Joseph |first1=Josy |title=A jet propelled by Don Ibrahim |url=https://www.outlookindia.com/magazine/story/a-jet-propelled-by-don-ibrahim/297557 |accessdate=26 October 2018 |publisher=Outlook India |date=21 July 2016}}</ref> He started operating Jet Airways in 1993 with initial seed money from Tail Winds incorporated, [[Isle of Man]].<ref>{{cite news |title=Jet Airways chief Goyal denies tax evasion |url=https://www.business-standard.com/article/companies/jet-airways-chief-goyal-denies-tax-evasion-111122800004_1.html |accessdate=26 October 2018 |work=Business Standard|date=20 January 2013}}</ref> Following the 2005 [[Initial public offering|IPO]] of Jet Airways, ''[[Forbes]]'' magazine declared him the 16th richest person in [[India]], with a net worth of {{USD|1.9 billion}}. He currently does not feature on the Forbes list.<ref>{{cite web|title=#16 Naresh Goyal|url=https://www.forbes.com/lists/2005/77/D67A.html|work=Forbes.com|accessdate=25 July 2013}}</ref><ref name="Indian Billionaires">{{cite news|url=https://www.forbes.com/billionaires/list/#version:static_country:India|title=The World's Billionaires - India|work=[[Forbes]]|accessdate=2016-09-07}}</ref>

==Early life==
Naresh Goyal was born in [[Sangrur]], [[Punjab, India|Punjab]]<ref name="theguardian.com">{{cite web|url=https://www.theguardian.com/business/2006/jul/21/theairlineindustry.india|title=Naresh Goyal: Indian high-flyer with the world on his radar|first=David|last=Teather|date=21 July 2006|work=The Guardian}}</ref> in 1949 in the house of a jewellery dealer. His father died when he was a child. He studied up to sixth standard at Govt. Raj High School for Boys. When he was eleven years old, his family went through an economic crisis and his house was auctioned. He then lived with his mother's uncle. Goyal holds a Bachelors of Commerce degree from Govt. Bikram College of Commerce, [[Patiala]].<ref name="business-standard.com">{{cite web|url=http://www.business-standard.com/article/beyond-business/newsmaker-naresh-goyal-106012101064_1.html|title=Newsmaker: Naresh Goyal|first=P. R.|last=Sanjai}}</ref>

==Career==
In 1967, Goyal began his career as a cashier in his maternal uncle Seth Charan Das Ram Lal's travel agency, East West Agencies,<ref name="ET_Jet-Etihad_1"/> at a starting salary of Rs 300 a month.<ref name="business-standard.com"/> After graduating in Commerce, Goyal joined the travel business with the GSA for Lebanese International Airlines.<ref name="jetairways.com">{{cite web|url=http://www.jetairways.com/EN/IN/jetexperience/chairman.aspx|title=Chairman's Profile at Jet Airways|access-date=7 February 2016|archive-url=https://web.archive.org/web/20160529184308/http://www.jetairways.com/EN/IN/jetexperience/chairman.aspx|archive-date=29 May 2016|url-status=dead}}</ref>

From 1967 to 1974, he underwent extensive training in the travel business through his association with several foreign airlines. He travelled overseas extensively on business during this period.<ref name="jetairways.com"/>

In 1969, he was appointed the public relation manager of Iraqi Airways and from 1971 to 1974 was the regional manager for ALIA, Royal Jordanian Airlines. He also worked with the Indian offices of Middle Eastern Airline (MEA), where he gained experience in various areas including ticketing, reservations and sales.<ref name="business-standard.com"/> in 1974, with £500 from his mother, he set up his own agency named Jetair, representing the likes of Air France, Austrian Airlines and Cathay Pacific.<ref name="theguardian.com"/>

In 1975, he was appointed regional manager of Philippine Airline in India.<ref name="business-standard.com"/>

Naresh Goyal stepped down from the Board of Jet Airways along with his wife Anita Goyal on 25 March 2019 amid financial crisis in the airline and after two-thirds of fleet grounded.<ref>{{Cite news|date=2019-03-25|title=Jet Airways founder Naresh Goyal steps down amid crisis|language=en-GB|work=BBC News|url=https://www.bbc.com/news/world-asia-india-47693075|access-date=2020-11-26}}</ref><ref>{{Cite news|date=2019-03-25|title=Jet Airways Chairman Resigns After Two-Thirds of Fleet Grounded|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2019-03-25/founder-naresh-goyal-resigns-from-debt-laden-jet-airways|access-date=2020-11-26}}</ref>

== Money Laundering ==
In September 2019, the [[Enforcement Directorate]] questioned Goyal for investigating charges of foreign exchange violation against him.<ref>{{Cite web|url=https://timesofindia.indiatimes.com/business/india-business/jet-airways-founder-naresh-goyal-questioned-by-ed/articleshow/71010565.cms|title=Jet Airways founder Naresh Goyal questioned by ED - Times of India|website=The Times of India|access-date=2019-09-06}}</ref> He was detained and questioned for money laundering by the ED in 2020.<ref>https://timesofindia.indiatimes.com/india/jet-ex-promoter-naresh-goyal-detained-by-ed-booked-for-laundering/articleshow/74483943.cms</ref>

==Jet Airways==
In 1993, Goyal took advantage of the opening of the Indian economy by the [[Rao ministry|Congress government led by P. V. Narasimha Rao]], the then [[Prime Minister of India]] and the enunciation of the Open Skies Policy by the [[Government of India]] to set up Jet Airways for the operation of scheduled air services on domestic sectors in India. Jet Airways commenced commercial operations on 5 May 1993.<ref name="jetairways.com"/> Goyal founded Jet Airways (Private) Limited<ref>{{cite web|url=https://www.telegraph.co.uk/travel/picturegalleries/10009598/The-richest-people-in-travel.html?frame=2542673|title=The richest people in travel}}</ref> with the objective of providing sales and marketing representation to foreign airlines in India.<ref name="jetairways.com"/>

Goyal served on the board of the [[International Air Transport Association]] (IATA) from 2004–2006. He was re-elected in 2008 with his tenure extending until June 2016.<ref name="jetairways.com"/> Naresh Goyal stepped down from the Board of Jet Airways on 25 March 2019 along with his wife.

==Personal life==
Goyal met his wife, Anita, after she joined the company in 1979 as a marketing analyst and rose to become the head of marketing and sales. They married nine years later.<ref name="theguardian.com"/> The couple together have a daughter and a son.

==Awards==
<ref name="jetairways.com"/>
{| class="wikitable"
|-
! Award !! Year
|-
| Entrepreneur of the Year Award for Services from Ernst & Young || September 2010
|-
| Distinguished Alumni Award-2000 for meritorious and distinguished performance as an entrepreneur || October 2000
|-
| Outstanding Asian-Indian award for leadership and contribution to the global community given by the Indian American Centre for Political Awareness || November 2003
|-
| Aerospace Laurels for outstanding contribution in the field of Commercial Air Transport || April 2000 and February 2004
|-
| The first BML Munjal Award for Excellence in Learning & Development in the Private Sector category || 6 January 2006
|-
| NDTV Profit Business Award 2006 || 28 July 2006
|-
| Accorded the TATA AIG – Lifetime Achievement Award || 8 September 2007
|-
| Travel Entrepreneur of the Year award at the 19th annual TTG (Travel Trade Gazette) Travel Awards || 25 October 2007
|-
| Man of the Year Award by the Aviation Press Club (APC) || 9 April 2008
|-
| Business Person of the Year award by UK Trade & Investment at the India Business Awards 2008 || 9 September 2008
|-
| CNBC TV18 India Business Leader Awards || 22 January 2009
|-
| International Entrepreneurs of the Year by the readers of ''Asian Voice'' || 27 February 2009
|-
| Lifetime Achievement Award of the Year by the Travel Agents Association of India (TAAI) || August 2010
|-
| Hall of Fame honour from Hotel Investment Forum of India 2011 || January 2011
|-
| Belgium conferred the Commandeur of the Order of Leopold II, one of the country's highest civilian distinctions || November 2011
|-
| Amity Leadership Award for Business Excellence || October 2012
|}

==References==
{{reflist|refs=
<ref name="ET_Jet-Etihad_1">{{cite web|url=http://economictimes.indiatimes.com/opinion/comments-analysis/jet-etihad-deal-why-naresh-goyal-and-rahul-bhatia-must-work-together/articleshow/21322661.cms|title=Jet-Etihad deal; why Naresh Goyal and Rahul Bhatia must work together - The Economic Times}}</ref>
}}

==External links==
* [http://images.businessweek.com/ss/05/06/0528asiastars/image/bp283220.jpg Naresh Goyal image]
* [http://www.jetairways.com/Cultures/en-US/India/About+Us/Corporate+Information/Chairmans+Profile// Jet Airways site Chairman's profile]
* [http://www.flightglobal.com/articles/2005/11/21/202980/naresh-goyal-jet-propelled.html Airline Business magazine profile]
* [https://www.forbes.com/lists/2005/77/D67A.html Forbes – India's 40 richest]
* [http://news.bbc.co.uk/2/hi/south_asia/6547941.stm Takeover link]
*[http://www.agarwaltoday.com/jul062.html Jet files a suit of 500 Cr – Agarwal Today Report]

{{DEFAULTSORT:Goyal, Naresh}}
[[Category:Indian company founders]]
[[Category:Indian billionaires]]
[[Category:1949 births]]
[[Category:Living people]]
[[Category:Businesspeople in aviation]]
[[Category:Jet Airways people]]
[[Category:Businesspeople from Mumbai]]
[[Category:Indian aviation businesspeople]]
[[Category:20th-century Indian businesspeople]]
[[Category:Businesspeople from Punjab, India]]
[[Category:People from Sangrur]]

Naresh Goyal - Revision history

FrancisClement: brief adjust intro for accuracy

103.189.130.103: CBI raided in Naresh Goyal home and offices in May 2023, after complaint from the Canara Bank in subject of defrauding the bank.

>DEFCON5: Reverted 2 edits by 78.101.144.170 (talk): Unexplained removal of references