Deepak Kochhar is an Indian businessman. He is the co-founder and CEO of NuPower Renewables. He is the husband of Chanda Kochhar, an Indian banker and former managing director and CEO of ICICI Bank.
Contents
Wiki/Biography
Deepak Virendra Kochhar was born on Wednesday, 15 February 1961 (age 62 years; as in 2023) in Mumbai. Their zodiac sign is Aquarius. He was born in a corporate society in Mumbai. He holds a Master of Finance degree from Jamnalal Bajaj Institute of Management Studies, University of Mumbai in Mumbai. Later, he studied the Advanced Management Program (AMP) at Harvard Business School in Boston, Massachusetts, USA.
Physical Appearance
Height (Approx): 5′ 9″
Weight (Approx): 75 kg
Hair Color: Black
Eye colour: black
Family
Deepak Kochhar belongs to a Hindu family from Mumbai.
parents and siblings
His father, Virendra Kochhar, is an officer in the Indian Navy.
Deepak Kochhar’s father
He has a brother named Rajeev Kochhar, who is a businessman.
Deepka Kochhar’s brother, Rajeev Kochhar
wife and children
He is married to Chanda Kochhar, an Indian banker and former CEO of ICICI Bank. The couple have two children. They have a daughter named Aarti Kochhar, owner of Tali Foods, and a son named Arjun Kochhar, who is a squash player.
Deepak Kochhar with his wife and daughter Aarti
Deepak Kochhar with his wife and son
relationships/affairs
Before marrying Chanda Advani (now Chanda Kochhar), he dated Chanda, who was his business school classmate. They met at Jamnalal Bajaj Institute of Management Studies, where he was studying finance and Chanda Advani was studying management.
Deepak Kochhar with Chanda Kochhar
Address
Flat No. 45, CCI Chambers, Dinshaw Wacha Road, Churchgate, Mumbai-400020
livelihood
Businessman
Credential Finance
He founded a company called Credential Finance in partnership with his brother Rajeev Kochhar. In the early 2000s, the company became embroiled in tax-related issues in court and its registration was canceled by the stock exchange. After this issue he broke ties with the company.
Avista Advisory Group
After leaving Credential Finance, he founded Avista Advisory Group in Singapore, with some offices in India.
Rajeev Kochhar, Co-Founder of Avista Advisory Group
Pacific Capital Services Pvt Ltd
He has a company named Pacific Capital Services. Reportedly, 90% of the company was owned by Chanda Kochhar’s sister-in-law Neelam Adani and 10% was owned by Deepak Kochhar’s father Virendra Kochhar.
NuPower Renewables
On 24 December 2008, he founded the company NuPower Renewables Private Limited in partnership with Videocon Group owner Venugopal Dhoot, the Kochhars and the Advani family. The company had approximately 700 MW of renewable energy assets in operation and its projects were located in Tamil Nadu, Karnataka, Rajasthan, Maharashtra, Andhra Pradesh and Madhya Pradesh. On 10 June 2009, he became the director of Quality Techno Advisors Pvt. Ltd. On 3 January 2011, he became the director of NuPower Technologies Pvt. Ltd. On 24 July 2013, he was appointed as a director of NuPower Windfarms Limited. He became the Managing Director of Ichanda Energy Private Limited on 12 November 2014. On 22 July 2021, he became the Additional Director of Elegant Investrade Private Limited.
Deepak Kochhar, Founder and Managing Director of NupowerChanda Kochhar Renewables
Controversy
ICICI loan fraud case
In April 2018, the CBI questioned him about conflict of interest in the ICICI Bank-Videocon loan controversy. CBI begins preliminary inquiry into alleged irregularities in ICICI’s Rs. Rs 3,250 crore to Videocon Group, naming Videocon Group founder Venugopal Dhoot, Deepak Kochhar and others. Chanda Kochhar and Deepak Kochhar were arrested by the CBI on December 23, 2022, in a case of alleged irregularities in loans worth more than Rs. When she was the head of ICCI Bank, she gave Rs 3,000 crore to Videocon Group. He resigned from the post of Managing Director and CEO of ICICI Bank in October 2018. Chanda Kochhar is accused of breaking the bank’s internal rules and code of conduct to favor Videocon Group, a manufacturer of consumer electronics and an oil and gas exploration company. , For alleged irregularities in a loan of Rs. After Rs 3,250 crore given to Videocon Group in 2012 turned into non-performing assets for ICICI Bank, the CBI accused them of criminal conspiracy and fraud. According to reports, after the Videocon group got a loan from ICICI Bank, former Videocon chairman Venugopal Dhoot allegedly invested crores of rupees in NuPower Renewables, a company founded by Deepak Kochhar. Reportedly, Ms Kochhar was part of the committee that approved the loan to the Videocon Group. On December 23, 2022, Deepak Kochhar and Chanda Kochhar were arrested by the CBI for their involvement in the ICICI Bank-Videocon fraud case.
Timeline of ICICI Bank and Videocon Group loan fraud controversy
On 9 January 2023, a Bombay High Court judgment released Deepak Kochhar and his wife Chanda Kochhar, saying that their arrest was “illegal”. A division bench of Justices Revati Mohitedere and PK Chavan ruled that the arrest violated Section 41A of the Code of Criminal Procedure (notice of appearance before police officer), and ordered the release of Ms Kochhar from Byculla jail and Mr Kochhar. Ordered to be released from Arthur. Road jail on cash bond of Rs. 1 Lac. On 8 April 2023, a chargesheet was filed by the CBI against Chanda Kochhar, her husband Deepak Kochhar and Venugopal Dhoot under sections 120-B (criminal conspiracy) and 409 (criminal breach of trust) of the Indian Penal Code and other provisions. (IPC).
Facts/General Knowledge
- Deepak Kochhar is a professional squash player and has won 3 national titles.
- He likes to watch movies in his free time.
- His wife Chanda Kochhar is one of India’s most influential and popular CEOs. He has been featured in the power lists of many major magazines and tabloids, including Forbes, Fortune, Bloomberg Markets and others. She is also a recipient of the Padma Bhushan award.
Chanda Kochhar received the Padma Bhushan award in 2011
- He was the managing trustee of Pinnacle Energy.
- In November 2014, his daughter Aarti got married to Aditya Kazi. Mukesh Ambani, Nita Ambani, Gautam Adani, Kumar Mangalam Birla, P.
Politicians, businessmen and celebrities are attending Chanda Kochhar’s daughter’s wedding.
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Categories: Biography
Source: vcmp.edu.vn