Naresh Goyal
| Naresh Goyal | |
|---|---|
 |
|
| Born |
29 July 1949 Sangrur Punjab, India |
| Residence | London, United Kingdom |
| Nationality | Indian |
| Occupation | Chairman of Jet Airways |
| Years active | 1967–present |
| Children | Nivaan Goyal Namrata Goyal |
Naresh Goyal is an Indian businessman and founder Chairman of Jet Airways. He started operating Jet Airways in 1993. Following the 2005 IPO of Jet Airways, Forbes magazine declared him the sixteenth richest person in India, with a net worth of $1.9 billion. He currently does not feature on the Forbes list.
Alleged links between mafia don Dawood Ibrahim and Jet Airways chairman and promoter Naresh Goyal have been reported as early as 2002.
Naresh Goyal was born in Sangrur - Punjab, northern India in 1949 in the house of a jewellery dealer. His father died when he was a child. He studied up to sixth standard at Govt. Raj High School for Boys. When he was eleven years old, his family went through an economic crisis and his house was auctioned. He then lived with his mother's uncle. Goyal holds a Bachelors of Commerce degree from Govt. Bikram College of Commerce, Patiala.
In 1967, Goyal began his career as a cashier in his maternal uncle Seth Charan Das Ram Lal's travel agency, East West Agencies, at a starting salary of Rs 300 a month. After graduating in Commerce, Goyal joined the travel business with the GSA for Lebanese International Airlines.
From 1967 to 1974, he underwent extensive training in the travel business through his association with several foreign airlines. He travelled overseas extensively on business during this period.
In 1969, he was appointed the public relation manager of Iraqi Airways and from 1971 to 1974 was the regional manager for ALIA, Royal Jordanian Airlines. He also worked with the Indian offices of Middle Eastern Airline (MEA), where he gained experience in various areas including ticketing, reservations and sales. in 1974, with £500 from his mother, he set up his own agency named Jetair, representing the likes of Air France, Austrian Airlines and Cathay Pacific.
In 1975, he was appointed regional manager of Philippine Airline in India.
In 1991, Goyal took advantage of the opening of the Indian economy and the enunciation of the Open Skies Policy by the Government of India to set up Jet Airways for the operation of scheduled air services on domestic sectors in India. Jet Airways commenced commercial operations on May 5, 1993. Goyal founded Jet Airways (Private) Limited with the objective of providing sales and marketing representation to foreign airlines in India.
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