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Also read Burmans are closer to Religare with Irdai no-objection, but there's more to go. Who is Danny Gaekwad? Gaekwad, 60, is a wealthy first-generation immigrant to the US who has set up several successful real estate and hospitality businesses. Much of what Mint has gathered about him is through his personal website, a link of which he shared with the Securities and Exchange Board of India to prove his track record as an investor. Born to a judge in Baroda, Gaekwad and his wife Manisha moved to the US in , as per his profile on the website of the University of Central Florida, where he is on the board of trustees.
Eight years later when he sold the business, the business had grown into a chain of 26 stores, he says on his website. While NDS was growing, Gaekwad entered the hospitality and real estate development industries in Today, he owns over a dozen properties within the hospitality sector, including brands like Intercontinental Hotel Group, Carlson Hotel Group, and Hilton Hotel Worldwide. Gaekwad also owns a mansion on a acre property in Florida.
He has two sons, Kunal and Karan. Danny Gaekwad Developing and Investments is his flagship company that houses his real estate investments and other subsidiaries. It is through this company that Gaekwad has offered to acquire a stake in Religare. However, the website has no mention of any Gaekwad owning any businesses outside of the US. He also has no publicly known experience of running a financial services firm.
In India, Gaekwad is a director of Little Flower Educational Institution, which runs the Little Flower School in Vadodara, as per public records maintained by the ministry of corporate affairs. He has also endorsed current Donald Trump in his recent American president campaign. Gaekwad had told his friends at Baroda University that he would someday take a picture with an Amercian president, as per an anecdote shared on his website. Bush, and Donald Trump, as per the website. Looks like you have exceeded the limit to bookmark the image.
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