Jayant Sinha | |
---|---|
Minister of State for Civil Aviation | |
Assumed office 6 July 2016 |
|
Prime Minister | Narendra Modi |
Preceded by | Mahesh Sharma |
Minister of State for Finance | |
In office 5 November 2014 – 5 July 2016 |
|
Prime Minister | Narendra Modi |
Succeeded by | Arjun Ram Meghwal and Santosh Gangwar |
Member of Parliament | |
Assumed office 16 May 2014 |
|
Preceded by | Yashwant Sinha |
Constituency | Hazaribagh |
Personal details | |
Born |
Giridih, Bihar (now in Jharkhand) |
21 April 1963
Political party | Bhartiya Janta Party |
Spouse(s) | Punita Kumar Sinha |
Parents |
Yashwant Sinha Nilima Sinha |
Alma mater |
IIT Delhi University of Pennsylvania Harvard Business School |
Religion | Hinduism |
Website | Official website |
Jayant Sinha (born 21 April 1963 in Giridih, (then in undivided Bihar, now in Jharkhand) is the Minister of State for Civil Aviation, a Member of Indian Parliament and formerly the Minister of State for Finance. He has also been an investment fund manager and management consultant.
In May 2014, he was elected to the Lok Sabha, representing the Bharatiya Janata Party from Hazaribagh, Jharkhand.
Sinha's prior business experience includes twelve years with McKinsey & Company as a partner in the Boston and Delhi offices. At McKinsey, Sinha co-led the global Software and IT Services practice. He was most recently a partner at Omidyar Network (ON), an investment firm with over $730 million in invested capital. Sinha led ON's overall investment strategy and operations in India. He also spent several years as a Managing Director at Courage Capital, a global special situations hedge fund.
Sinha holds an M.B.A. with Distinction from the Harvard Business School, an M.S. in Energy Management & Policy from the University of Pennsylvania, and a Bachelor of Technology degree with Distinction from the Indian Institute of Technology Delhi.
Sinha is married to Punita Kumar-Sinha, an investment manager and former Senior Managing Director at The Blackstone Group. He is the son of Nilima Sinha and Yashwant Sinha, a senior Indian politician and former External Affairs Minister and Finance Minister of India.
Sinha has participated in Indian politics and policy-making for over 15 years. When his father became Finance Minister under Atal Bihari Vajpayee (1998-2002), Sinha provided policy inputs on several new initiatives such as the mortgage interest tax deduction and the Saral form to file income tax returns with ease and improve tax compliance. More recently, he served on Advisory Committees for the Finance and Telecom Ministries and advised the Indian Government on spurring entrepreneurship and impact investing. Sinha was one of the Principal Authors of the McKinsey-Nasscom industry reports in 2000 and 2005.