Nationality Indian Religion Jainism Ethnicity Marwari Name Vinay Maloo | Residence London, United Kingdom Net worth Undisclosed Children Vaibhav Maloo | |
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Education St. Xavier's College, Kolkata | ||
Vinay Maloo (born 10 January 1961) is the Founder and Chairman of Enso Group. Enso is into various industries with assets and projects spread globally.
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Education
After completing early part of his schooling from Rajasthan, he moved to Kolkata for high school. He then went on to study commerce from St. Xavier's College, Kolkata, graduated in 1981 and wanted to pursue Chartered Accountancy like his father, but left it midway to pursue an entrepreneurial career with marble mining in Kankroli near Udaipur in Rajasthan.
Early life
Maloo left Kolkata for New Delhi in 1990 to co-found Himachal Futuristic Communications Limited (HFCL) with his uncle and left Kolkata with a telecom equipments manufacturing plant in Solan in Himachal Pradesh in North India. This made them the first private sector company to enter into telecom sector in India. HFCL introduced new technologies in the Asian market and pioneered the telecom sector during that era. Their $25 billion (₹ 850 billion) bid for basic services license in India created the momentum for telecom in the country. During technology boom, HFCL peaked at an approximately $4 billion market cap making him one of the top 10 richest Indians. In 2005, the partners split, uncle keeping the telecom business as Maloo wanted to expand into different sectors, seeing present sector as fully saturated.
Enso Group
Enso Group is a growing 7 billion USD conglomerate which is privately held for most part. It started with oil & gas as primary focus, in 2005, but has made slow and steady progress in few other industries besides energy. The group has expanded horizontally with mining opportunities of precious metals, ferrous and non-ferrous metals and diamonds in Africa. Totally, Enso is present in over 10 countries.
A PPP initiative of Enso Healthcare Limited, Enso Care, was launched with GE-Wipro and Government of Maharashtra & another one in Punjab.
Enso Group is working on Oil & Gas projects in different parts of the world.
Business verticals of Enso Group :
Enso Foundation is a non-profit charitable trust under Enso Group with a mandate for India & Africa.Wife Vineeta Maloo and son Vaibhav Maloo are on board of this trust. The group is also affiliated with Tour De India.
Controversy
HFCL under Maloo was probed for circular trading in 2001 but was exonerated by a committee of SEBI probing the issue.
Personal life
Maloo is Hindu and Jain by religion, and a vegetarian. He is married to Vineeta who is an economics graduate and a homemaker. His father, Sh.Bane Chand Maloo, a Chartered Accountant was a senior executive in one of India's leading business houses and is a Hindi poet today with two books to his name – Udgar and Bhavodgar.