Faruk G Patel is an Indian entrepreneur who is the chairman and managing director of the KP Group of Companies.[1][2][3] This group operates within the telecommunications and renewable power sectors, and its headquarters is situated in Gujarat.[4][5]
Dr. Faruk G Patel | |
|---|---|
 | |
| Born | Bharuch, Gujarat, India |
| Nationality | Indian |
| Alma mater | Surat Municipal Corporation School Bhulka Bhavan School |
| Occupation | Entrepreneur |
| Title | Founder & MD, KP Group of Companies |
| Website | farukpatel |
Early life and education
editFaruk was born in Saladara Village, Bharuch, on March 24, 1972, to Gulam Patel and Rashidaben, his parents, and hailed from a lower-middle-class background. His father was employed as a bus conductor with the Gujarat State Road Transport Corporation (GSRTC).[6] In his formative years, Faruk began his education at the Surat Municipal Corporation School located in Kanbiwad Bhandari Mohalla. Later, based on the recommendation of his teacher, Shantaben, he transferred to VD Desai Vadiwala School, also known as Bhulka Bhavan School.[7]
Career
editAfter finishing his studies, Patel moved to Mumbai to help his family financially. He worked as an optician to earn extra money and also learned about the import-export business. Eventually, he got into business with Hafiz Brothers.[7] In 1990, he joined the Manmade Textile Research Association.[8]
In 1991, Patel went to England and worked in a pizza store to support his family financially. After spending two years abroad, he returned to Surat in 1993 and started a carting business. In 1994, he founded the KP Group with an initial capital of Rs 1 lakh. In 2001, he entered the telecommunications industry by establishing KP Buildcon Pvt. Ltd., which later became KP Green Engineering Limited[9] and was listed on the BSE in March 2024.[10][11] The company operates in over 16 states in India and focuses on building mobile towers.[8] He also acquired a factory in the Vadodara district to fabricate mobile towers.[12]
In 2008, Patel expanded into the renewable energy sector by creating KPI Global Infrastructure Ltd (KPIGIL), now known as KPI Green Energy Limited[13] and listed on NSE and BSE.[14][15] Initially, he acquired 220 acres of land in Sudi, Bharuch, to develop a Solar Park.[1][16]
In 2010, KP Group formed KP Energy Limited., which is the wind energy branch of KP Group and is listed on BSE.[7][17] Patel's son Affan is a director at KP Energy, while his second son Hassan manages human resources at the KP Group. His son-in-law Moinul leads KP Green Engineering.[12]
Recognition
edit- 2023: Received a doctorate from American East Coast University, New York, USA.[7]
References
edit- ^ a b "Faruk Patel: The Man Who Founded Rs 2000 Crore Business Empire From Scratch". www.india.com.
- ^ "There's no alternative to renewable energy, says KPI Green Chairman Faruk Patel in An Exclusive Chat with Moneycontrol". Moneycontrol. 2023-06-09.
- ^ "KP Group Chairman Dr. Faruk G. Patel Inspires IIM Ahmedabad Students with Insights on Renewable Energy". Urja Daily. 2024-09-06.
- ^ "Faruk G Patel, Chairman and Managing Director of KP Group". The CEO Magazine.
- ^ Bharatvarsh, TV9 (8 April 2024). "16 साल पहले बनाया सोलर पार्क, केपी ग्रुप के CMD डॉ. फारुक पटेल ने कैसे खड़ी की 160 बिलियन की कंपनी". TV9 Bharatvarsh (in Hindi).
{{cite news}}: CS1 maint: numeric names: authors list (link) - ^ "Success Beyond Profits: Why business leaders should adopt a value-driven approach and prioritize humanity". The Economic Times. 2024-09-16. ISSN 0013-0389.
- ^ a b c d "Who Is Dr Faruk Gulam Patel? A Bus Conductors Son Who Once Worked In London Café, Today Owns Rs 2,500 Crore Business Empire". Zee News.
- ^ a b Gupta, Chandrashekhar (2023-07-11). "कभी होटल में मारते थे पोछा, मेहनत से बदला मुकद्दर, 1 लाख से शुरू किया कारोबार, आज 2000 करोड़ की कंपनी के मालिक". News18 (in Hindi).
- ^ "Dr. Faruk Patel, Chairman & Director, KP Green Engineering Limited | India Infoline". www.indiainfoline.com.
- ^ "KPI Green to raise Rs 300 crore via QIP for a project in Gujarat". cnbctv18.com. 2023-10-10.
- ^ Thomas, Melvyn (March 22, 2024). "Gujarat: KP Green Engineering Limited Makes Historic BSE Listing Debut In Surat". Free Press Journal.
- ^ a b Shekhar, Divya J. "KP Energy Wants A Slice Of India's Ambitious Renewables Energy Pie". Forbes India.
- ^ "KPI Green Energy down on board nod to acquiring power company". Moneycontrol. 2023-10-12.
- ^ Ksheerasagar, A. (2023-11-03). "KPI Green Energy shares rise 7% after company signs 500 MW solar park deal with Uttarakhand government". mint.
- ^ "Faruk Patel Talks About KPI Green Energy's Orderbook Outlook". www.cnbctv18.com.
- ^ "KPI Global Infrastructure adds new capacity of 2.2 MW at solar power plant at Bharuch". Construction Week Online.
- ^ Mishra, Arushi (2023-10-12). "KP Energy secures wind-solar hybrid project, shares rise". BusinessLine.