The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતીमराठीবাংলাಕನ್ನಡമലയാള��தமிழ்తెలుగు
| 02 July, 2024, 02:48 AM IST | Today's ePaper
Monsoon Offer is Live
Search
+
Business News›Magazines›Panache›Panache People 101›Ravi Pillai
    Ravi Pillai

    Ravi Pillai

    Chairman, RP Group of Companies
    Birth DetailsSeptember 2, 1953 | Chavara, Kollam
    NationalityIndian
    LeagueEntrepreneur
    EducationCommerce graduate, Cochin University
    Net Worth$2.5 billion (As of March 27, 2021)
    Ravi Pillai's Assets:
    • RP Group

    Ravi Pillai's Journey so far ...
    • Son of a farmer, Ravi Pillai completed his graduation in Commerce from Cochin University
    • After his graduation, Pillai started his own business in Kerala, but could not continue for long due to labour strikes in the state and had to eventually shut shop
    • He went to Saudi Arabia in 1978 and set up the RP Group with 150 employees and won construction contracts, in the midst of multiple challenges
    • By the late eighties, Pillai turned RP Group into one of the largest industrial construction companies for oil and gas with over 5000 employees. His clients included some world-famous companies like Saudi Aramco, SABIC and ExxonMobil
    • In the nineties, Pillai expanded the company into other Gulf Cooperation Council (GCC) countries and entered other segments like steel and petrochemicals
    • With the turn of the century, the businessman from Kollam diversified into other sectors like realty, hotels, tourism, education, healthcare, Information Technology, retail and trading
    • Today, under the leadership of Pillai, RP Group is a conglomerate with over 20 companies, present in 9 countries and employing more than 85,000 people. The group employs a large number of Indians in the Gulf
    • He entered the hospitality sector by buying a hotel in UAE in 2006, subsequently, he started luxury hotels under the brand name Raviz
    • In 2011, Pillai acquired Leela Group's marquee property in Kerala, Leela Resorts Kovalam, a clifftop beach resort, for Rs 500 crore
    • In 2019, he announced that the group will invest Rs 11,000 crore in the hospitality business to develop properties across the world

    Before you go ...
    • Ravi Pillai was conferred with the Padma Shri by the Government of India in 2010. He was also feted with the Pravasi Bharatiya Samman in 2008
    • Pillai, who is one of the richest Malayalis in the world, is a philanthropist and contributes a substantial amount of his wealth to social causes like healthcare, poverty alleviation, education and housing for the poor
    • The Ravi Pillai Foundation takes care of the group's CSR activities

    Last Updated: 27/03/2021

    Ravi Pillai News

    • Speaking on the launch, Ravi Todi, director, South City Group, said the prime location of Storii Kolkata offers the perfect retreat for relaxation and revitalization. "Yet another magnificent development by South City Group. We have chosen ITC Hotels to manage the property given their excellence in hospitality," he added.
    • In his first Lok Sabha speech, Leader of the Opposition Rahul Gandhi drew parallels between the Opposition and Hinduism by showing an image of the Hindu god Shiva. He highlighted the Opposition's calm demeanour, likening it to the god's 'abhay mudra', despite government attacks. BJP leaders Kangana Ranaut, Chirag Paswan, and Ravi Kishan reacted to Gandhi's 'Hindu' statement.Kangana Ranaut, Chirag Paswan & Ravi Kishan on Rahul Gandhi's 'Hindu' statement: 'Laughable', 'unfortunate'
    • Ravi Agarwal has been serving as a member, CBDT (Administration) since, July 2023. According to the order issued by the Appointments Committee of the Cabinet on Saturday Ravi Agrawal, will be chairman of the CBDT, effective, July 1 up to the date of his superannuation on September 30.
    • The Mumbai-based mega common facility centre (CFC) in the special economic zone (SEZ) is now being used by European jewellers for quality testing. The facility, which was inaugurated by Prime Minister Narendra Modi in January, offers technical services like 3D printing, hallmarking, mass finishing, refining, and casting of gold, platinum, and silver.
    • An investigation into the NEET-UG paper leak in Bihar has revealed a complex network of scammers. Key among them is Sanjiv Mukhiya, an employee at Nalanda's Noorsarai Horticulture College, and Ravi Atri from Uttar Pradesh, who was previously involved in another leak scandal. Mukhiya took leave shortly after the May 5 exam, claiming to be hospitalized, and has since gone missing.
    • Samajwadi Party (SP) Member of Parliament (MP) RK Chaudhary's recent comments on the Sengol have ignited a political controversy. Chaudhary questioned the presence of Sengol in Parliament, calling it a symbol of monarchy. "The Constitution is the symbol of democracy. The BJP government, under PM Modi, installed the Sengol in Parliament. 'Sengol' means 'Raj-Dand' or 'Raja ka Danda'. After ending the princely order, the country became independent. Will the country be run by 'Raja ka danda' or the Constitution? I demand that Sengol be removed from Parliament to save the Constitution," said Chaudhary. Here are some reactions.SP MP RK Chaudhary questions presence of Sengol in Parliament, calling it 'symbol of monarchy'; sparks political debate
    • Kollywood actor Jayam Ravi, recognized by Hindi-speaking viewers for portraying the lead in Mani Ratnam’s epic film ‘Ponniyin Selvan’, is said to be going through a divorce. Speculations about their strained relationship had circulated online, but gained credibility when his wife Aarti deleted all photos of him from her Instagram account.
    • Ambuja Cements and Ravi Sanghi plan to sell a 3.52% stake in Sanghi Industries through an OFS. The sale will occur over two days on June 26 and June 27, 2024. Adani group firm Ambuja Cement acquired a majority stake in Sanghi Industries last year, with shares peaking at Rs 151.85 on January 15, 2024.
    • The promoters proposed to sell 90,92,000 shares of the total issued and paid-up equity share capital. On June 26 (T day), Wednesday, the issue will open only for non-retail investors while for retail investors and those non-retail investors who choose to carry forward their unallotted bids from T day, on June 27, Thursday (T+1 day). Ambuja Cements held 60.44% stake in Sanghi Industries as on March 31, 2024.
    • Arun Govil, the BJP MP from Uttar Pradesh's Meerut and renowned Ramayan actor, took his oath as a member of the Lower House on Tuesday. He took his oath in Sanskrit. Arun Govil, renowned for his portrayal of Lord Ram in the popular TV serial Ramayan won against Samajwadi Party's (SP) Sunita Verma from Uttar Pradesh's Meerut constituency in the 2024 Lok Sabha election.Hema Malini, Arun Govil and Ravi Kishan take oath as MPs in 18th Lok Sabha session, watch!
    • The former chief minister, who led a delegation of his party legislators and advocate-wing members, met Ravi at Raj Bhavan here and submitted a memorandum on the alleged failure of the DMK government in containing the brewing and sale of illicit arrack, he said.
    • Tamil Nadu Illicit Liquor Case: At least 36 people lost their lives and nearly 70 others were hospitalized in Tamil Nadu's Kallakurichi district after consuming illicit arrack laced with poisonous methanol. The incident has prompted arrests and a swift response from authorities, including Chief Minister MK Stalin, who expressed shock and vowed to take strict action against those responsible. Governor RN Ravi also extended condolences and raised concerns about recurring incidents of illicit liquor-related deaths in the state.
    • In an exchange filing the company had said that its board of directors had approved fund raise by way of preferential warrants to Promoter and Promoter Group along with Non-Promoters at a price of Rs. 79.25 per share.
    • A four-member central team of the Bharatiya Janata Party (BJP) met with victims of the alleged post-poll violence against party workers in West Bengal at the BJP's party office in Amtala in South 24 Parganas on Tuesday. The team including former Union Minister Ravi Shankar Prasad and party MPs Biplab Kumar Deb, Brij Lal, and Kavita Patidar had arrived in the State. After meeting with people today, the former Union minister Prasad said, "Everywhere the same story if you'll work for the BJP, you'll be beaten up. If you come, your wife and parents will have to suffer violence. Mamata ji, this is your government. Women are being beaten up here. It's a very serious issue, Mamata ji, you should be ashamed. One thing, I would like to tell the police, our party workers have expressed their plight in front of you, if the police file any fake cases against them, that'll be wrong. We will take it with utmost seriousness at the national level."Post-poll violence in Bengal: Ravi Shankar Prasad highlights the fear of TMC goons in the state
    • A four-member BJP team, including Ravi Shankar Prasad, met post-poll violence victims in West Bengal, alleging attacks on party workers. They criticized Mamata Banerjee's government for failing to address the violence. The team visited injured victims, highlighting incidents of assault and threats. BJP seeks accountability and support for victims.
    • Essar, a family-run conglomerate, stands out amidst public feuds among Indian business families. The Ruia family, spanning three generations, jointly manages the empire across diverse sectors. Prashant Ruia, director of Essar Capital, credits their unity to aligned goals and individual space. Despite industry challenges, the family cherishes strong bonds and traditions, distinguishing themselves from other well-known family disputes in the Indian business landscape.
    • A four-member BJP central team visited Coochbehar in West Bengal to assess post-election violence against party workers. The team, led by convenor Biplab Deb and senior BJP leader Ravi Shankar Prasad, will meet displaced workers allegedly targeted by Trinamool Congress. Deb criticised TMC's violence, urging a change. The team will also meet affected workers in Kolkata.
    • The Delhi High Court has asked for a report on the medical condition of Arun Ramchandra Pillai, a Hyderabad businessman in judicial custody for a money laundering case linked to the Delhi Excise scam. Pillai seeks interim bail due to health issues, and the court scheduled a hearing for June 14. The Enforcement Directorate's response is pending.
    • For Nifty, a break above 23,350 could potentially lead it to touch 23,600 levels. For Bank Nifty, breaking above 50,400 could help the index achieve 51,300 levels in the near term.
    • BJP in Bihar plans to induct new faces in the Union cabinet, restructuring its organization. Previous ministers denied tickets in 2024 elections, new leaders to maintain caste balance. Possible comebacks for Ravi Shankar Prasad and Rajiv Pratap Rudy. Focus on addressing voter grievances before crucial assembly elections.
    • Telugu actor and Jana Sena Party chief Pawan Kalyan won the Pithapuram seat in the Kakinada district by defeating seasoned politician Vanga Geetha of the YSR Congress Party (YSRCP) by a margin of 70,279 votes. Here are some other actor-turned political leaders:
    • Indian film stars Kangana Ranaut, Arun Govil, Hema Malini, Manoj Tiwari, and Ravi Kishan shine in the 2024 Lok Sabha elections. The country also held assembly elections in Andhra Pradesh, Arunachal Pradesh, Odisha, and Sikkim.
    • Chief Minister M K Stalin and Congress top leader Rahul Gandhi addressed a massive Coimbatore rally in April, overshadowing the BJP. The DMK-led alliance, with a streak of electoral wins since 2019, is poised for success in Tamil Nadu and Puducherry, likened to the film Baahubali.
    • I do not think budget is likely to be a big event. I think there are a lot of fears about capital gains tax. So, from that perspective I think the agenda of the government is pretty well known. With a three years’ perspective I do not think there is going to be any major change in the budget.
    • Honestly if you want to make money from a five years perspective, go where nobody is looking and consumption which includes discretionary as well as non-discretionary consumption and rural consumption and exports are two areas which I think should continue to do well.
    • Load more
    DisclaimerThe content of this page has been aggregated from multiple websites. Some information can change over the passage of time.
    The Economic Times
    BACK TO TOP