Shivinder Mohan Singh is an Indian businessman and erstwhile billionaire with Fortis Healthcare, Religare, and Ranbaxy Laboratories. Singh was the non-executive vice chairman of Fortis Healthcare, an Indian company. He is currently under arrest for criminal breach of trust along with his brother Malvinder Mohan Singh. The two have many cases of fraud registered against them.[1][2]
Shivinder Mohan Singh | |
|---|---|
 Singh in 2009 | |
| Nationality | Indian |
| Alma mater | St Stephen's College (BA) Duke University (MBA) |
| Occupation | Businessman |
| Criminal charges | Criminal breach of trust |
| Criminal penalty | House arrest |
| Children | 4 |
| Relatives | Malvinder Mohan Singh (brother) Bhai Mohan Singh (grandfather) |
Early life
editSingh is the son of Dr. Pravinder Singh, and grandson of Bhai Mohan Singh, the founder of Ranbaxy Laboratories,[3] since merged with Sun Pharmaceuticals Ltd (it was earlier a unit of the Japanese drug maker Daiichi Sankyo).
Business career
editSingh and his brother Malvinder Mohan Singh[4] inherited their family's 33.5% stake in Ranbaxy after the death of their father in 1999. In April 2015, they were the thirty-fifth richest Indians, with a net worth of $2.5 billion.[5]
Education
editSingh attended The Doon School, and then graduated with a BA (hons.) in mathematics from St. Stephen's College, Delhi; he holds an MBA with specialization in health sector management from the Fuqua School of Business of Duke University in the United States.[6]
Personal life
editSingh lives in New Delhi with his wife Aditi S. Singh[7] and their four sons.[8] On 24 September, during the AGM of Fortis Hospitals, Singh announced his resignation and handed control of the hospital chain to his brother.
Arrest
editAs of 1 November 2019, Singh, along with his brother, remains under arrest as his judicial custody has been extended until 14 November 2019.[9] On 12 December 2019, A Delhi court rejected his bail plea in a case related to alleged misappropriation of funds at Religare Finvest Limited (RFL).[10][11]
References
edit- ^ "Explained: The cases against Religare ex-promoters Malvinder Singh and Shivinder Singh". The Indian Express. 11 October 2019. Retrieved 31 October 2019.
- ^ "Ex-Ranbaxy promoters Malvinder, Shivinder Singh sent to police custody". The Times of India. Press Trust of India. 11 October 2019. Retrieved 20 May 2020.
- ^ Bhandari, Bhupesh (22 October 2014). "40 Years Ago... And now: Ranbaxy grew with liberal regimes, moving out of family control". Business Standard. Retrieved 17 December 2014.
- ^ "Fortis - In the pick of healthcare". Business Today. 17 September 2011. Retrieved 17 December 2014.
- ^ "Malvinder & Shivinder Singh on Forbes Lists". Forbes. Retrieved 17 December 2014.
- ^ "Shivinder Mohan Singh". Bloomberg. Archived from the original on 17 December 2014. Retrieved 17 December 2014.
- ^ "ET ILC members discuss possibility of integrated healthcare system in India". The Economic Times. 9 December 2019.
- ^ Dasgupta, Reshmi (8 September 2008). "Shivinder Mohan Singh: The wellness mogul". The Economic Times.
- ^ "RFL scam: Court extends till November 14 judicial custody of ex-Fortis promoters Malvinder, Shivinder". The Economic Times. 31 October 2019. Retrieved 1 November 2019.
- ^ "Delhi Court Rejects Bail Plea Of Ex-Fortis Chief Shivinder Singh". NDTV. 12 December 2019.
- ^ "ED Arrests Former Fortis Promoter Shivinder Singh in RFL Money Laundering Case". News 18. 12 December 2019.
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