Jaiprakash Gaur


Jaiprakash Gaur is an Indian entrepreneur. He founded and, until his retirement in 2010, was the chairman of Jaypee Group, a conglomerate with a heavy emphasis on engineering and construction, cement, and hydropower production. In 2012 he was ranked by Forbes magazine as the 70th-richest person in India, with an estimated net worth of US$855 million.
Gaur has been associated with the construction industry for more than five decades.

Early life

Gaur was born in a village in Uttar Pradesh. His father was an agricultural inspector in the British government. He graduated in civil engineering from the University of Roorkee in 1950. After graduation, he worked as junior engineer in the Uttar Pradesh state irrigation department.

Career

After graduation, Gaur joined the state government's irrigation department as a junior engineer. Subsequently he started his own venture as a civil contractor. Two decades later, he laid the foundation for the Jaypee Group by setting up Jaiprakash Associates, a civil engineering and construction company. To leave a secure government job and pursue contractorship in 1958, when it was considered to be most prestigious, required courage. In 1967, he led and transformed a motley group of persons into a company which took pride in its cable address "Iron Will" and went on to execute:
In 2010 he was ranked by Forbes magazine as the 48th-richest person in India, with an estimated wealth of US$1.5 billion.

Awards and honours