Restored revision 1044265364 by Edwardx (talk): Children are not named in the infobox unless independently notable, number is sufficient. See Template:Infobox person.
>Akash006sethi (I just update the date of birth as per the same reference link. Kindly approved it.) |
>Edwardx (Restored revision 1044265364 by Edwardx (talk): Children are not named in the infobox unless independently notable, number is sufficient. See Template:Infobox person.) |
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{{Short description|India businessman}} | {{Short description|India businessman and Industrialist}} | ||
{{Use dmy dates|date=July 2019}} | {{Use dmy dates|date=July 2019}} | ||
{{Infobox person | {{Infobox person | ||
| name = Sandeep Engineer | | name = Sandeep Engineer | ||
| image = | | image = Sandeep Engineer .jpg | ||
| caption = | | caption = | ||
| birth_name = | | birth_name = | ||
| birth_date = 11 May | | birth_date = 11 May 1961<ref>{{cite web|title= Sandeep Engineer's Forbes Profile |url=https://www.forbes.com/profile/sandeep-engineer}}</ref><ref name="Forbes India">{{cite news |last1=Thaker |first1=Naini |title=How Astral Pipes' Sandeep Engineer became a mint-new billionaire |url=http://www.forbesindia.com/article/real-issue/how-astral-pipes-sandeep-engineer-became-a-mintnew-billionaire/52953/1 |accessdate=24 April 2019 |work=Forbes India |date=3 April 2019}}</ref> | ||
| birth_place = | | birth_place = [[Ahmedabad]], [[Gujarat]], India | ||
| death_date = | | death_date = | ||
| death_place = | | death_place = | ||
| education = | | education = | ||
| occupation = | | occupation = Managing Director, Astral Limited <ref>{{cite web |title=Astral Ltd. |url=https://economictimes.indiatimes.com/astral-ltd/infocompanymanagement/companyid-15686.cms |website=The Economic Times}}</ref> | ||
Managing Director, Resinova Chemie Limited | |||
| known for = Founder, Astral Limited | |||
| title = | | title = | ||
| term = | | term = | ||
| Line 22: | Line 21: | ||
| boards = | | boards = | ||
| spouse = Jagruti Sandeep Engineer | | spouse = Jagruti Sandeep Engineer | ||
| children = 2 | |||
| children = 2 | |||
}} | }} | ||
Engineer | '''Sandeep Engineer''' (born 11 May 1961) is an Indian billionaire industrialist based in [[Ahmedabad]], [[Gujarat]]. A chemical engineer by profession, he is the founder and managing director of Astral Limited, a [[Fortune 500]] India company.<ref>{{cite web |title=Fortune India 500 |url=https://www.fortuneindia.com/fortune-500/company/astral-poly-technik?year=2020 |website=Fortune India}}</ref> As of September 2021, his net worth is estimated at US$2.9 billion.<ref name="Forbes profile">{{cite web |title=Forbes profile: Sandeep Engineer |url=https://www.forbes.com/profile/sandeep-engineer/ |website=Forbes |accessdate=14 September 2021}}</ref> | ||
==Early life== | |||
Sandeep Engineer was born on 11 May 1961 to Pravin Chandra and Hansaben Engineer in Ahmedabad, Gujarat.<ref name="Forbes profile" /> After doing his schooling at Udgam School, Ahmedabad, he then earned a bachelor's degree in chemical engineering.<ref name="Forbes profile" /> from [[Lalbhai Dalpatbhai College of Engineering]].<ref>{{cite web |last1=Pandey |first1=Piyush |title=An engineer who means business |url=https://www.business-standard.com/article/beyond-business/an-engineer-who-means-business-104050601048_1.html |website=Business standard |access-date=14 June 2013}}</ref> | |||
==Career== | |||
He started as a project engineer with Cadila Pharmaceuticals.<ref>{{cite web |last1=Pandey |first1=Piyush |title=An engineer who means business |url=https://www.business-standard.com/article/beyond-business/an-engineer-who-means-business-104050601048_1.html |website=Business Standard |access-date=14 June 2013}}</ref> <ref name="Forbes India" /> Then, his first entrepreneurial stint was as a distributor of flavoured Isabgol, a home remedy for constipation, across Ahmedabad. The venture shut down in a couple of years, leaving him with losses. | |||
In 1987, he started Shree Chemical to manufacture pharmaceutical intermediates.<ref>{{cite web |last1=Pandey |first1=Piyush |title=An engineer who means business |url=https://www.business-standard.com/article/beyond-business/an-engineer-who-means-business-104050601048_1.html |website=Business Standard |access-date=14 June 2013}}</ref> Sandeep later established Kairav Chemicals Pvt Ltd to start pharmaceutical bulk drugs at Santej, near Ahmedabad in 1992.<ref>{{cite web |last1=Yadav |first1=Shekhar |title=The ‘Astral Poly Technik’ story |url=https://www.myinvestmentdiary.com/post/the-astral-poly-technik-story |website=MyInvestmentDiary |access-date=11 April 2020 |language=en |date=11 April 2020}}</ref> | |||
Engineer | Engineer had a particular interest in [[polymers]] right from his college days. After eight years of business in pharmaceutical bulk drugs, he decided to venture into polymer processing.<ref>{{cite book |last1=Mukherjea |first1=Saurabh |title=The Unusual Billionaires |date=17 August 2016 |publisher=Penguin UK |isbn=978-93-86057-67-9 |url=https://books.google.co.in/books?id=UL3BDAAAQBAJ&printsec=frontcover&dq=inauthor:%22Saurabh+Mukherjea%22&hl=en&sa=X&redir_esc=y#v=onepage&q=Sandeep%20Engineer&f=false |language=en}}</ref> He came in contact with B.F. Goodrich, a US Fortune 500 company (now Lubrizol), pioneers in patented chlorinated polyvinyl chloride [CPVC] polymers used in piping industries.<ref>{{cite web |last1=Yadav |first1=Shekhar |title=The ‘Astral Poly Technik’ story |url=https://www.myinvestmentdiary.com/post/the-astral-poly-technik-story |website=MyInvestmentDiary |access-date=11 April 2020 |language=en |date=11 April 2020}}</ref> He soon approached B. F. Goodrich and tied up for the processing license for the first time in India.<ref>{{cite web |last1=Yadav |first1=Shekhar |title=The ‘Astral Poly Technik’ story |url=https://www.myinvestmentdiary.com/post/the-astral-poly-technik-story |website=MyInvestmentDiary |access-date=11 April 2020 |language=en |date=11 April 2020}}</ref> This tie-up formed a new company named Astral Poly Technik Limited (now Astral Ltd).<ref>{{cite web |title=Astral Poly Technik renamed as 'Astral Limited'; Stock tumbles 3% |url=https://www.indiainfoline.com/article/news-top-story/astral-poly-technik-renamed-as-astral-limited-stock-tumbles-3-121041300219_1.html |website=IIFL Securities |access-date=13 April 2021}}</ref> | ||
In 2014, Engineer diversified | In 2014, Engineer diversified Astral business by entering into the [[adhesives]] and [[sealants]] market. Astral acquired an 80% controlling stake in UK-based company Seal It Services Ltd.<ref>{{cite web |title=Astral Poly Technik forays into adhesive manufacturing |url=https://www.thehindubusinessline.com/companies/astral-poly-technik-forays-into-adhesive-manufacturing/article23169639.ece |website=The Hindu Business Line |access-date=26 August 2014}}</ref><ref>{{cite web |last1=Vishal |first1=Dutta |title=Astral Poly Technik acquires British company Seal It Services for Rs 44 crore |url=https://economictimes.indiatimes.com/industry/cons-products/durables/astral-poly-technik-acquires-british-company-seal-it-services-for-rs-44-crore/articleshow/40934796.cms?from=mdr |website=The Economic Times |access-date=26 August 2014}}</ref>, manufacturing a diversified range of adhesives and sealants, and also acquired Kanpur-based ResinovaChemie Ltd.<ref>{{cite web |last1=Anuradha |first1=Verma |title=Astral Poly acquires 76% stake in adhesive maker Resinova Chemie for $34M |url=https://www.vccircle.com/astral-poly-acquires-76-stake-adhesive-maker-resinova-chemie-34m/ |website=VCCiRCLE |access-date=25 November 2014}}</ref><ref>{{cite web |title=Astral to acquire adhesive maker Resinova |url=https://www.livemint.com/Companies/TivJnxci1frC953WDOPt3M/Astral-to-acquire-adhesive-maker-Resinova.html |website=MINT |access-date=21 November 2014}}</ref> | ||
Engineer is married to Jagruti and lives in Ahmedabad with his two sons, Kairav and Saumya. | |||
In 2020, Engineer entered the plastic storage tanks business through the acquisition of Sarita Water Tanks,<ref>{{cite web |title=Astral Poly Technik Rating: Add; Deal with SPPL can be very rewarding |url=https://www.financialexpress.com/market/astral-poly-technik-rating-add-deal-with-sppl-can-be-very-rewarding/2139517/ |website=Financial Express |access-date=30 November 2020}}</ref> an [[Aurangabad]]-based company and also started production of [[water tanks]] with the brand name Astral.<ref>{{cite web |title=Astral Poly gains on commencing production of water storage tanks |url=https://www.business-standard.com/article/news-cm/astral-poly-gains-on-commencing-production-of-water-storage-tanks-120121400556_1.html |website=Business Standard |access-date=14 December 2020}}</ref> | |||
==Personal life== | |||
Engineer is married to Jagruti and lives in Ahmedabad with his two sons, Kairav and Saumya.<ref>{{Cite news|title=Don’t have any acquisition plan for now: Sandeep Engineer, Astral Poly Technik|work=The Economic Times|url=https://economictimes.indiatimes.com/opinion/interviews/dont-have-any-acquisition-plan-for-now-sandeep-engineer-astral-poly-technik/articleshow/41171197.cms?from=mdr|access-date=2021-07-09}}</ref> | |||
==References== | ==References== | ||
{{Reflist}} | {{Reflist}} | ||
"How Astral Pipes' Sandeep Engineer became a mint-new billionaire". [https://www.forbesindia.com/article/real-issue/how-astral-pipes-sandeep-engineer-became-a-mintnew-billionaire/52953/1 Forbes India]. | "How Astral Pipes' Sandeep Engineer became a mint-new billionaire". [https://www.forbesindia.com/article/real-issue/how-astral-pipes-sandeep-engineer-became-a-mintnew-billionaire/52953/1 Forbes India]. | ||
{{Authority control}} | {{Authority control}} | ||
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[[Category:Living people]] | [[Category:Living people]] | ||
[[Category:Indian billionaires]] | [[Category:Indian billionaires]] | ||
[[Category: | [[Category:1961 births]] | ||
[[Category:People from Ahmedabad]] | |||
{{India-business-bio-stub}} | {{India-business-bio-stub}} | ||