Achievement: Founder of Raunaq Group; Elected as a member of the
Executive Board of the International Chamber of Commerce, Paris
Raunaq Singh was one of the earliest entrepreneurs of independent India
who made it big. He was the founder of Raunaq group. The Raunaq Group's
major companies include Apollo Tyres Ltd, Bharat Gears Ltd, Bharat Steel
Tubes Ltd, Raunaq International Ltd, Menarini Raunaq Pharma Ltd, and
Raunaq Automotive Components Ltd.
Raunaq Singh was born in 1922. After initial
struggle he went on to become a powerful figure in corporate India. At one point
of time in his life he could afford only one paisa a day for meals and
when he retired his group was employing 9000 people on his payroll.
Raunaq Singh was a great advocate of economic liberalization and
globalization of the Indian business. He worked tirelessly to put the
Indian industry on the global map. He held several key leadership
positions in Industry & Trade Associations. These included President
Federation of Indian Chambers of Commerce & Industry (FICCI),
President The Associated Chambers of Commerce and Industry of India
(ASSOCHAM), Chairman Engineering Export Promotion Council (EEPC),
Chairman Automotive Tyre Manufacturers Association, and President
Federation of Indian Export Organization.
Raunaq Singh won several awards for his entrepreneurship. He was often
referred as "Mr. Exporter", because of his inclination for
exports and export promotion for Indian Industry. Raunaq Singh also won
international recognition for his entrepreneurial skills. was elected as
a member of the Executive Board of the International Chamber of
Commerce, Paris for a three-year term.
Raunaq Singh died on September 30, 2002.