Naresh Goyal (born December 23, 1950, in Karnataka, India) is the Chairman of Jet Airways. Coming from an economically poor family, he had to walk a few miles to reach his school as his family could not afford a bicycle.
The sixth richest Indian according to the Business Standard Billionaire Club, he is estimated to have a net worth of Rs. 81 billion. (Rs.8100 crores) .With the acquisition of Air Sahara for Rs.22.25 billion (Rs.2,225 crores), Jet Airways now controls about half the domestic aviation airspace. Yet he remains modest and low profile.
Education & Career of Naresh Goyal
Naresh Goyal began his career working as a cashier in the company of his maternal uncle at a starting of Rs. 300 a month. On completion of Bachelors of Commerce degree, he joined Lebanese International Airlines as a sales agent in 1967. From 1969 to 1971, he was the public relation manager of Iraqi Airways. He worked as the regional manager of ALIA, Royal Jordanian Airlines from 1971-1974.
He floated Jetair Transportation Private Ltd (later renamed as Jetair Private Ltd.) in 1974 providing sales and marketing representation to foreign airlines in the country. He later became the regional manager of Philippine Airlines handling commercial operations of the airline in India. It was in 1992 that he set up Jet Airways, his own airline.
Important Work of Naresh Goyal
The setting up of Jetair Transportation Private Ltd in 1974, floating his own airline, Jet Airways in 1992, and controlling almost half the domestic aviation airspace has elevated him to the top position in the aviation sector. He made his mark as a global aviation and travel expert when he developed studies of traffic patterns, operational economics, route structures and flight scheduling.
Awards and Achievements for Naresh Goyal
Naresh Goyal received the ‘Travel Entrepreneur of the Year’ award at the 19th annual TTG(Travel Trade Gazette); ‘Man of the Year Award’ by the Aviation Press Club (APC) at its 30th Anniversary and the first BM Munjal Award for Excellence in Learning & Development in the Private Sector category (2006).