Ratul Puri

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Ratul Puri
RATUL.jpg
Born19 July 1972
OccupationBoard of Directors, Hindustan Powerprojects
FamilyKamal Nath (uncle)
WebsiteProfile at HPPPL website and Ratulpuri.in

Ratul Puri is the Chairman of the Board of Directors of Hindustan Powerprojects.[1][2][3] The company is currently developing power assets across coal, thermal, solar and hydro with a combined investment of USD 5.6 billion of which USD 3.1 billion has been invested in the last four years. Under his leadership, the clean energy arm has emerged as the largest solar developer in India.[4][5] Ratul Puri partnered with DoIT Management (India), in order to support Dabang Delhi Kabaddi Club in Star Sports Pro Kabaddi League 2016.[6]

Biography[]

Ratul is an alumnus of Carnegie Mellon University, the Pittsburgh-based global research university with a bachelor's degree in computer engineering, mathematics, and computer science.[7][2]

Ratul in 2008 started the business of power generation with Hindustan Powerprojects.[8] Puri is the nephew of Congress party politician and former Madhya Pradesh Chief Minister Kamal Nath.[9]

Recognition[]

In 2002, Puri was the Ernst & Young "Entrepreneur of the Year" award for his contribution towards manufacturing industry in India.[10][11][2] He is part of the many think tanks that are evolving solutions to usher energy sufficiency in India and was part of the World Economic Forum as one of the Young Global leaders.[12][13] In 2007, Business Today rated him among the "Top 21 Young Leaders" in the country who could shape India’s destiny in the 21st century. Dataquest magazine has named him amongst the "Young Brigade in the IT Industry".[14] [2] He was declared CMO Asia CEO of the Year award. In 2014, Ratul Puri was recognized as the ‘CEO of the year’ by World Brand Congress[15][16] and acknowledged for his contribution to the infrastructure sector by ET Infrastructure[17]

Financial irregularities, legal cases and arrest[]

Puri's firm Moser Baer had taken loans from various banks since 2009 and had undergone debt restructuring several times. Unable to pay the debt, the Central bank of India conducted a forensic audit on the company accounts. In April 2019, Central bank declared Moser Baer account as fraud and lodged a complaint against the company, Ratul Puri, Deepak Puri, Nita Puri and others for defrauding the bank of Rs 354.51 crores.

In another development, Puri was undergoing interrogation for a money laundering case in connection with the AgustaWestland chopper scam by Enforcement Directorate where he had claimed to be innocent. However as ED confronted him with evidences about him receiving kickbacks, Puri disappeared from the ED interrogation midway. Subsequently a non bailable warrant was issued against Puri on 9 August and eventually the Enforcement directorate arrested him on 9 September.[citation needed]

Subsequently in November 2019, the Enforcement Directorate filed a chargesheet against Puri and his company Moser Baer for money laundering and bank fraud in the Agusta Westland chopper scam.[18]

References[]

  1. ^ "In Search of Light". Business Today. 13 April 2014. Retrieved 10 March 2014.
  2. ^ Jump up to: a b c d "About Me". Retrieved 18 March 2016.
  3. ^ "Hindustan Power Projects Pvt Ltd invests Rs 4,000 crore in eco-friendly technologies". Economic Times. 4 September 2014. Retrieved 4 September 2014.
  4. ^ "A Place in the Sun". Times of India. 21 September 2014. Retrieved 21 September 2014.
  5. ^ "Proactive Modi government: Start-ups, global & Indian giants bet on renewable energy space". Economic Times. 16 October 2014. Retrieved 16 October 2014.
  6. ^ "Hindustan Power partners with Dabang Delhi in the Star Sports Pro-Kabaddi League". www.sportskeeda.com. Retrieved 3 February 2016.
  7. ^ Ratul Puri. "Ratul Puri: Executive Profile & Biography". Businessweek. Retrieved 10 March 2014.
  8. ^ http://www.hindustanpowerprojects.com/about-us/board-of-directors/ratul-puri/
  9. ^ https://indianexpress.com/article/india/vvip-chopper-scam-kamal-nath-rajiv-saxena-enforcement-directorate-agustawestland-congress-7055217/
  10. ^ "Hall of Fame, Past Winners". ey.com. Archived from the original on 27 September 2014. Retrieved 10 March 2014.
  11. ^ "EOY - 2002 Winners - EY - India". Ey.mobi. Retrieved 10 March 2014.
  12. ^ "17 Indians in WEF's Global Young Leaders list". Rediff.com. 11 March 2008. Retrieved 10 March 2014.
  13. ^ "17 Indians make it to WEF's young leaders' list". The Times of India. Archived from the original on 21 February 2014. Retrieved 10 March 2014.
  14. ^ "ITs Young Turks". Dataquest. 9 January 2008. Archived from the original on 17 May 2014. Retrieved 18 March 2016.
  15. ^ "Ratul Puri chairman Hindustan Power gets CMO Asia Awards". Press Release Watch. 7 August 2014. Retrieved 7 August 2014.
  16. ^ "Hindustan Power chairman Ratul Puri wins CMO Asia CEO of the Year award". Newswala.com. 7 August 2014. Retrieved 7 August 2014.
  17. ^ "ET Edge hosts the Second edition of The ET Edge Infra Focus Summit 2014". India Education Diary. 9 October 2014. Retrieved 9 October 2014.
  18. ^ Das, Prathma Sharma,Shaswati (2 November 2019). "AgustaWestland case: ED files chargesheet against Ratul Puri". Mint. Retrieved 4 November 2019.

External links[]

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