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Draft:Vinay Maloo

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  • Comment: The individual seems notable for founding two companies, one listed publicly, but lacks WP:SIGCOV. User4edits (talk) 12:26, 29 January 2024 (UTC)

Vinay Maloo is the founder and chairman of Enso Group[1]. He is also known for co-founding HFCL and leading the telecom revolution in India.[2][3]

Early life & Education

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Vinay was born in a Hindu-Jain family[4], in the state of Rajasthan in India. He moved to Kolkata at an early age and did his schooling from National High School followed by graduation from St. Xavier's College, Kolkata with honours.[5]

Career

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Vinay started HFCL in 1987 with two other co-founders at the age of 23 after leaving a modest career in Kolkata where he dealt in scrap. He subsequently bought a marble mine in Rajasthan near Udaipur, called Kankroli before starting the telecom company, which was the first private sector telecom company in India. It paved the way for a broader telecom vision and play in a country that boasts of high teledensity and a robust telecom industry.[2][5]

In 2005, Vinay left HFCL and started Enso Group which entered into energy, petroleum products, mining, trading, IT, real estate, healthcare and other diversified sectors.[6]

HFCL during his tenure peaked in valuation, which was in excess of USD 3.5 billion.[7] He resigned in 2005 after planning his foray into a diversified and global empire which has high value energy and potash mining assets, in Russia and Canada. Before that, they started Ensearch Petroleum which had 14 oil and gas licenses.[8][7]

Enso’s healthcare arm was in the spotlight for spearheading Sputnik V and Sputnik Light vaccine manufacturing in India during COVID-19, aka, Coronavirus outbreak.[9][10] Enso Oils & Lubricants is the Indian partner for Gazprom Neft engine oils.[11][12] Enso Global Trading is a trading house based out of Dubai.[13]

Personal life

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His father is a chartered accountant who worked with RPG Group and his mother is a homemaker. He is married to Vineeta who he met through family connections. She is an economics graduate from Sophia College which is affiliated with University of Mumbai. They have two children - Vaibhav and Garima.[14][15]

References

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  1. ^ "Enso Group's Chairman Vinay Maloo reflects on how educational reforms in rural India can transform the nation". February 7, 2023.
  2. ^ a b "Enso Group's Chairman Vinay Maloo's guide to achieving success". February 2, 2023.
  3. ^ "The Global Entrepreneurial Personality of Enso Group Vinay Maloo Has a Message for Youngsters - The Good Men Project".
  4. ^ "Jainism, Business, Ahimsa, India". EENI Global Business School (Courses, Masters, Doctorate).
  5. ^ a b ""Every step in life is a calculated risk" Enso Group's Chairman Vinay Maloo reflects back on his entrepreneurial journey". Free Press Journal.
  6. ^ "Change-Makers In The World Of Business: Vinay Maloo And Vaibhav Maloo". Free Press Journal.
  7. ^ a b "News Roundup: Warren Buffett's Dairy Queen, RIL In Talks For JV". VCCircle.
  8. ^ Bhaskar, Utpal (October 4, 2011). "Sahara enters oil and gas sector with EnSearch buy". mint.
  9. ^ "Wockhardt, Enso Health join hands for Sputnik jabs". The Economic Times. August 14, 2021.
  10. ^ "RDIF, Stelis Biopharma partner to supply 200 mn doses of Sputnik V vaccine". The Economic Times. March 19, 2021.
  11. ^ "Gazpromneft-Lubricants, Enso Global Trading expand partnership to supply lubricants in India". September 11, 2023.
  12. ^ Bureau, The Hindu (September 16, 2023). "Enso Oils to distribute Gazpromneft-Lubricants' products in India". The Hindu – via www.thehindu.com. {{cite news}}: |last= has generic name (help)
  13. ^ "Enso Group expands its portfolio with entry into commodity trading". gulfnews.com. March 27, 2023.
  14. ^ "Entrepreneur Vinay Maloo on starting Enso Group, "I exited telecom in 2005 to run a diversified portfolio of businesses"". November 29, 2022.
  15. ^ Wheelwright, Tom (November 14, 2022). "The Unique Fitness Mantra Of 61-Yr-Old Vinay Maloo Will Surely Inspire You To Put On Your Gym Shoes - Entrepreneur's Diaries: Chronicles of Success".