Jaiprakash Gaur

{{short description|Indian entrepreneur (born c. 1930)}}{{Infobox person

| name = Jaiprakash Gaur

| image =

| birth_date = {{Birth date and age|1931|01|01}}{{Citation needed|date=April 2025}}

| education = Indian Institute Of Technology Roorkee (1950)

| relatives = Manoj Gaur, Rita Dixit, Sameer Gaur

| website = {{URL| jalindia.com}}

}}

{{Use dmy dates|date=October 2019}}

{{Use Indian English|date=October 2019}}

Jaiprakash Gaur (born {{circa}}1930{{Citation needed|date=April 2025}}) is an Indian entrepreneur. He founded and, until his retirement in 2010, was the chairman of Jaypee Group, a conglomerate with a heavy emphasis on engineering and construction (particularly for infrastructure and power projects), cement, and hydropower production. In 2012 he was ranked by Forbes magazine as the 70th-richest person in India, with an estimated net worth of US$855 million.{{cite web |url=https://www.forbes.com/profile/jaiprakash-gaur/ |title=Jaiprakash Gaur |website=Forbes |accessdate=12 March 2015}} Gaur has been associated with the construction industry for more than five decades.{{cite web |url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=24527278&ticker=10885752 |archive-url=https://web.archive.org/web/20121014081901/http://investing.businessweek.com/research/stocks/people/person.asp?personId=24527278&ticker=10885752 |url-status=dead |archive-date=14 October 2012 |title=Jaiprakash Gaur: Executive Profile & Biography |website=Bloomburg Business |accessdate=1 July 2011}}

Early life

Gaur was born in a Gaur Brahman{{Cite book |last=Nayar |first=Baldev Raj |url=https://books.google.com/books?id=xXgZBQAAQBAJ&dq=gaur+brahmin+gujrat&pg=PA221 |title=Globalization and India's Economic Integration |date=2014-10-14 |publisher=Georgetown University Press |isbn=978-1-62616-107-8 |language=en}} family of the village Chitta near Bulandshahr in present Uttar Pradesh.{{cite news |title=Jaypee University Anoopshahr |url=http://jaypeeu.ac.in/founder-chancellor |accessdate=11 November 2020 |work=jaypeeu.ac.in}} His father was an agricultural inspector in the British government and worked as a serviceman in Beej Godam, Pakki Sarai at Anupshahr. He completed his secondary education at LDAV Inter college Anupshahr. After graduating as a civil engineer from the University of Roorkee, he worked as a junior engineer in the Uttar Pradesh state irrigation department,{{cite web |url=https://www.forbes.com/global/2010/0412/companies-jaiprakash-gaur-hydropower-india-tolls-road-to-riches.html |title=Road to Riches |last=Karmali |first=Naazneen |date=12 April 2010 |website=Forbes |accessdate=12 March 2015}}{{cite web |url=http://www.jalindia.com/history.html |title=History |website=Jaypee Group |accessdate=1 July 2011}}{{Cite web|last=jin|date=5 September 2014|title=Jaiprakash Gaur Founder of Jaypee Group|url=https://researchpedia.info/jaiprakash-gaur-founder-of-jaypee-group/|website=Researchpedia|language=en}}

Career

After graduation, Gaur joined the state government's irrigation department as a junior engineer.{{cite web |url=https://www.forbes.com/lists/2010/77/india-rich-10_Jaiprakash-Gaur_JVTI.html |title=India's Richest: #48 - Jaiprakash Gaur |editor-last=Karmali |editor-first=Naazneen |website=Forbes |accessdate=29 September 2010}} Subsequently he started his own venture as a civil contractor.{{cite web |url=http://www.ey.com/IN/en/About-us/Entrepreneur-Of-The-Year/EOY-2008-Finalists_JP-Gaur_Jaypee-Group |title=Entrepreneur of the Year: Jaiprakash Gaur |website=Ernst & Young |archiveurl=https://web.archive.org/web/20091212111716/http://www.ey.com/IN/en/About-us/Entrepreneur-Of-The-Year/EOY-2008-Finalists_JP-Gaur_Jaypee-Group |archivedate=12 December 2009 |accessdate=1 July 2011}} Two decades later, he laid the foundation for the Jaypee Group by setting up Jaiprakash Associates, a civil engineering and construction company.{{cite news |date=1 November 2010 |title=Jaiprakash Gaur Opts Out of Company's Board |url=http://www.business-standard.com/india/news/jaiprakash-gaur-opts-outcompany%5Cs-board/114378/on |newspaper=Business Standard |agency=Press Trust of India |accessdate=1 July 2011}} To leave a secure government job and pursue contractorship in 1958, when it was considered to be most prestigious, required courage. In 1967, he led and transformed a motley group of persons into a company which took pride in its cable address "Iron Will" and went on to execute:

In 2010 he was ranked by Forbes magazine as the 48th-richest person in India, with an estimated wealth of US$1.5 billion.

Awards and honours

  • 2005 "Distinguished Alumni Award" by Indian Institute of Technology Roorkee (erstwhile University of Roorkee), in recognition of his contribution in the field of corporate development/administration/entrepreneurship{{cite web |url=http://alumni.iitr.ernet.in/Home/DistinguishedAlumniAward/DistinguishedAlumniAwardees2005/tabid/162/Default.aspx |title=Distinguished Alumni Awardees - 2005 |website=Sampark |accessdate=12 March 2015}}
  • 2005 "Lifetime Achievement Award" by Builders' Association of India, in recognition of his outstanding contribution to the Indian construction industry{{cite book |last=Hiscock |first=Geoff |date=2008 |title=India's Global Wealth Club: The Stunning Rise of Its Billionaires and Their Secrets of Success |url=https://books.google.com/books?id=YiLBD_IpgIkC&pg=PA181 |publisher=Wiley |isbn=9780470822388 |accessdate=12 March 2015}}
  • 2005 "Udyog Ratna" award by the Progress Harmony Development (PHD) Chamber of Commerce & Industry, in recognition of his contribution to the economic development of Madhya Pradesh{{cite news |date=25 April 2005 |title=Chief Minister felicitates the Udyog Ratnas |url=http://www.highbeam.com/doc/1P3-1093614171.html |archive-url=https://web.archive.org/web/20150402102559/http://www.highbeam.com/doc/1P3-1093614171.html |url-status=dead |archive-date=2 April 2015 |newspaper=Hindustan Times |location=New Delhi |via=Highbeam }}
  • 2008 "Entrepreneur of Year Award", by Ernst & Young, for his exceptional contribution to the infrastructure and construction sector
  • 2010 "Lifetime Achievement Award" by Merchants' Chamber of Uttar Pradesh, Kanpur, for creating new milestones in infrastructure development and for his achievement in corporate social responsibility{{cite web |url=http://www.jalindia.com/achievements.html |title=Achievements |website=Jaypee Group |accessdate=12 March 2015}}

References