 "DLF's K P Singh retires at 90, son Rajiv Singh to take over reins")
Kushal Pal Singh, the face of India’s largest listed real estate firm DLF, on Thursday stepped down from the chairmanship of the company at the age of 90. He will be replaced by son Rajiv Singh, currently serving as vice chairman, the firm announced. The nonagenarian will, however, continue in a non-executive role as chairman emeritus.
Singh had left an army job in 1961 to join DLF — a company started by his father-in-law in 1946 — and took over as chairman in 1995. Under his leadership, DLF expanded beyond Gurugram, building apartments, shopping malls, and hotels. In 2007, he oversaw DLF's much-anticipated initial public offering, which raised Rs 9,188 crore through the sale of 175 million shares.
Thanking DLF’s shareholders, customers, and board members, Singh said. “As we move into a new India that is transforming at an incredible pace, I am confident DLF will continue to contribute to national growth under the leadership of Rajiv Singh.”
Singh had left an army job in 1961 to join DLF — a company started by his father-in-law in 1946 — and took over as chairman in 1995. Under his leadership, DLF expanded beyond Gurugram, building apartments, shopping malls, and hotels. In 2007, he oversaw DLF's much-anticipated initial public offering, which raised Rs 9,188 crore through the sale of 175 million shares.
Thanking DLF’s shareholders, customers, and board members, Singh said. “As we move into a new India that is transforming at an incredible pace, I am confident DLF will continue to contribute to national growth under the leadership of Rajiv Singh.”
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%