Naresh Goyal

Naresh Goyal

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Naresh Goyal

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Naresh Goyal (, Punjabi: ਨਰੇਸ਼ ਗੋਯਲ, born july 29, 1950) 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 16<sup>th</sup> richest person in India with a net worth of $1.9 billion.

He took over Air Sahara giving his company 32% of the Indian travel market.

He has over 25 years of experience in the civil aviation sector. Under his leadership, Jet Airways has emerged as one of India's most preferred airlines. Following the bad times in the airline industry in the second half of 2008, Naresh Goyal joined hands with his prominent rival Vijay Mallya's Kingfisher Airlines in October 2008, entering into an agreement that would rationalize the operation of routes, sharing of codes, prices and availability, fuel management and ground handling, thus making Jet Airways-Kingfisher not only the largest market player, but also enabling both the airlines that would otherwise head for a collapse to economize and save. The Competition Commission of India has launched an inquiry if this arrangement is anti-competitive.He has a son name Nivaan Goyal currently studying in London,

Early life

He was born in Sangrur in Punjab in the house of a jewellery dealer. When he was 11 his family went through an economic crisis and his house was auctioned. He lived with...
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