Ajay Dhumal
| Ajay Dhumal | |
|---|---|
 assochamasd.jpg | |
| Born | |
| 🏡 Residence | Mumbai, Maharashtra, India |
| 🏳️ Nationality | Indian |
| 🏳️ Citizenship | Indian |
| 🏫 Education | Bachelors of Commerce and Law |
| 🎓 Alma mater | The Bishop's School (Pune)
Brihan Maharashtra College of Commerce Government Law College, Mumbai Sydenham College of Commerce and Economics |
| 💼 Occupation | Chairman & Managing Director K.P. Group |
| 💰 Net worth |  Undiscloseddu |
| 👩 Spouse(s) | Surekha Dhumal |
| 👶 Children | Gayatri Dhumal Yash Dhumal |
| 👴 👵 Parent(s) | Shankarrao Dhumal Shevanta Dhumal |
| 🌐 Website | www |
Ajay Dhumal is an Indian business magnate, who is the Chairman and Managing Director of K.P. Group, a conglomerate based in Mumbai, India.[1][2] K.P. Group is currently operating in industries such as wind energy, solar energy, cyber security, cement manufacturing, infrastructure development, real estate, warehousing, salt manufacturing, and aquaculture activities.[3]
In 2016, the Institute of Economic Studies felicitated him at an event held in Dubai, and the Indian Ambassador to the United Arab Emirates awarded him the Udyog Ratan Award. K.P. Power received a gold medal at the Indo-UAE Economic Cooperation in 2016.[4][5]
K.P. Power has been awarded a 500 MW solar park by the Government of India in Maharashtra, which will attract an investment of ~ ₹3000 crores ($500 million).[6][7]
Early life
Ajay Dhumal was born on 16 July 1957, in Ahmednagar district of Maharashtra to Shankarrao Dhumal and Shevanta Dhumal. He attended The Bishop's School (Pune). He is an alumnus of three colleges: Brihan Maharashtra College of Commerce, Government Law College, Mumbai, and Sydenham College of Commerce and Economics, Mumbai.[8]
Business career
After completing his law degree, Ajay S. Dhumal participated in the Government of India initiative to encourage agricultural exports by promoting aquaculture in the country. He bid on the tender floated by a Maharashtra Industrial Development Corporation corporation for privatizing 1200 acres of coastal land near Mumbai.
King Prawns Ltd. (KPL), one of the companies of the K.P. Group, was formed to undertake prawn farming and salt manufacturing activities and was the successful bidder in the said tender. Despite mobilizing and investing significant resources in developing the entire 1200 acres of land, the Supreme Court of India passed a judgment banning prawn production activities in the country. The company, despite receiving a massive setback, successfully sought a stay order on the court order and persuaded the government to introduce new legislation to permit the activity. The company resumed operations after more than 15 years, in 2012.[9]
King Prawns Ltd. (KPL), one of the companies of the K.P. Group, was formed to undertake prawn farming and salt manufacturing activities and was the successful bidder in the said tender. Despite mobilizing and investing significant resources in developing the entire 1200 acres of land, the Supreme Court of India passed a judgment banning prawn production activities in the country. The company, despite receiving a massive setback, successfully sought a stay order on the court order and persuaded the government to introduce new legislation to permit the activity. The company resumed operations after more than 15 years, in 2012.[10]
Looking to the potential of producing international-grade salt in terms of chemical purity, K.P. Acqua was formed. The company set up salt works in Gujarat and is producing 100,000 tons (100 million kg) of international-grade salt naturally, comparable to salt produced using vacuum evaporation, thus saving millions of tons of water pumping and evaporation cost. According to a premier government research institute, an efficient salt works should produce 40 tons/acre. The company’s salt works produced around 200 tons/acre by introducing innovative techniques of salt production, which involved studying wind flow and harvesting salt during the monsoon months, when all other salt works are shut down.[11]
In the intervening period, K.P. Group was faced with huge crises of utilizing its vast assets created by developing the lands allotted to it for aquaculture purposes. Mr. Dhumal then decided to use the said infrastructure for wind energy projects. The company conceived of a plan to develop a 100 MW state-of-the-art wind energy project. It partnered with Tacke, a leading wind turbine manufacturer and a wholly owned subsidiary of ENRON, (USA). Unfortunately, the wind study did not confirm that the site would be a top-class windy site. Tacke therefore requested that since the company was entering Maharashtra for the first time, a top-class site be acquired. K.P. Power, which was supposed to be the subsidiary of King Prawns, was formed to develop the project on the land owned by King Prawns Ltd. (KPL). However, since the land owned by King Prawns Ltd. (KPL) could not be developed for the wind energy project, K.P. Power had to independently acquire 600 acres of land in the best windy site in Dhule district in Maharashtra from Maharashtra Industrial Development Corporation (MIDC).[12]
A world-class project which broke all power generation records of Maharashtra was established in 2001. However, before the site could be fully exploited, ENRON sold Tacke to General Electric (GE). GE, however, did not have plans to immediately start projects in India as they wanted to cater to the US market. GE issued K.P. Power a letter of first refusal, looking to the positive role played by K.P. Power in ensuring and completing the project, which was to be jointly put up with Tacke, supporting ENRON’s in its financial difficulties in the intervening period, and completing all the closing formalities for GE. K.P. Power still continues to support GE in maintaining its machines.
Since GE did not have any plans to put up projects in India, K.P. Power partnered with Vestas, (Denmark) and completed the remaining project in 2006 in pursuance to the State Govt. policy declared in 2005. After completing these projects and honoring all its commitments made to its partners, the company discontinued to work as a wind energy project developer. However, in 2010 the ex-Managing Director (MD) of Vestas joined as the MD at Gamesa, and he insisted that K.P. Power should partner with them to put up wind energy projects in Maharashtra. K.P. Power then set up evacuation infrastructure for 350 MW and has commissioned over 200 MW of wind energy projects using Gamesa wind turbines.[13]
Family
Ajay Dhumal is married to Surekha Deshmukh (1986). They have 2 children.[9]
Awards & Honors
| Year of Award or Honor | Name of Award or Honor | Awarding Organization |
|---|---|---|
| 2016 | Udyog Ratan Award | Institute of Economic Studies |
See also
References
- ↑ "Home - K. P. Power". Kppowerindia.com. Retrieved 2017-03-06.
- ↑ "Ajay Dhumal Shankarrao - Director information and companies associated with". Zauba Corp. Retrieved 2017-03-06.
- ↑ "Dhumal says Modi govt ushered in new era of development in Himachal". Timesofindia.indiatimes.com. 2016-07-22. Retrieved 2017-03-06.
- ↑ "Archived Copy". Archived from the original on 13 November 2016. Retrieved 6 March 2017.CS1 maint: Archived copy as title (link)
- ↑ "Institute Of Economic Studies". Iesindia.co. Retrieved 2017-03-06.
- ↑ "Archived copy" (PDF). Archived from the original (PDF) on 4 June 2016. Retrieved 2016-05-10.CS1 maint: Archived copy as title (link)
- ↑ "Archived Copy". Archived from the original on 18 March 2017. Retrieved 6 March 2017.CS1 maint: Archived copy as title (link)
- ↑ "The Bishop's Education Society". Thebishopsschool.org. Retrieved 2017-03-06.
- ↑ 9.0 9.1 "Ajay Dhumal – CEO Journals". Ceojournals.com. 1957-07-16. Retrieved 2017-03-06.
- ↑ "Archived Copy". Archived from the original on 21 October 2018. Retrieved 6 March 2017.CS1 maint: Archived copy as title (link)
- ↑ "K P Acqua Products Private Limited". Business.indiafilings.com. 2004-12-08. Retrieved 2017-03-06.
- ↑ "Enron more than doubles its installed capacity in India". Windpower Monthly. 2001-05-01. Retrieved 2017-03-06.
- ↑ "Maharashtra Wind Power Projects". Wind-power.industry-focus.net. Retrieved 2017-03-06.
