Source of Wealth:Business, Company, Oil and Gas
Full Name:Ajay Kalsi
Occupation:Founder, CEO and Executive Director of Indus Gas Ltd.
Education:London School of Economics and Cambridge University
About Ajay Kalsi
Ajay Kalsi is a first generation entrepreneur who founded the Indus Gas Ltd. and she has an estimated net worth of $2.1 billion as of April 2013 according to Forbes. He is the 28th richest person in India and in the list of World Billionaires, he is ranked 704th.
Kalsi is a graduate of London School of Economics and Cambridge University. He came from a family of shoemakers and holds a portfolio of companies with interests in different business sectors such as oil and gas, footwear premium brands, commodity trading, real estate, and business process outsourcing.
Ajay Kalsi founded Indus Gas and serves as its Chief Executive Officers while he sits as the Executive Director on the board. In December, the company announced a dramatic increase in its hydrocarbon reserves in western India. Recently, he cashed in after selling a chunk of shares and reducing his stake to under two-thirds. He holds a minority stake in the Indian arm of Reebok. However, it got hit by a scandal on the alleged financial fraud by its top executives.
Kalsi is also the Group Chairman and Director of Focus Energy Limited. Since April 3, 2008, he has been the Executive Director of Indus Gas. From April 29, 2006 to December 2, 2006, he was the Director of Phoenix International Ltd. He is also an active member of the World Economic Forum and he has been designated as the “Global Leader of Tomorrow”.
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