Sunil Vaswani

Sunil Vaswani (born 11 July 1963) is an Indian billionaire businessman, and the chairman of the Stallion Group; a Dubai-headquartered company with diversified interests in cars, commodities, food, steel manufacturing, plastics, packaging, petrochemicals, port operations and technology. The group operates across Asia, the Middle East and Africa.[2]

Sunil Vaswani
Born (1963-07-11) 11 July 1963
Jaipur, India
NationalityIndian
CitizenshipNigerian and British
OccupationBusinessman
Net worthUS$1.2 billion (January 2021)[1]
TitleChairman, Stallion Group
Spouse(s)Rita Vaswani
Children3
WebsiteSunil Vaswani

Early life

Vaswani was born in Jaipur on 11 July 1963, the son of Sundar D Vaswani,[3] grew up in Nigeria, and was educated in London.[3] He is a graduate in economics and accounting from the United Kingdom.[3] He was ranked No.1 in 2015 and 2016 by Forbes Middle East "Top Indian Leaders in the Arab World" [4]

His younger brothers Haresh and Mahesh also work for the company, in Dubai.[5]

Career

Vaswani took over the Nigerian trading business from his father when he was 21.[6]

In 2003, Vaswani moved to the UAE following legal disputes with the government for alleged duty evasion, which led to his deportation.[5] No wrongdoing was found, and the Vaswani family was allowed to return.[5]

As of April 2016, his net worth is $2 billion.[7]

Personal life

Vaswani and his wife Rita live in Dubai.[8]

Vaswani holds Nigerian and British passports.[5] He is of Sindhi heritage.[9]

References
  1. "Forbes Profile: Sunil Vaswani". Forbes. Retrieved 26 January 2021.
  2. "Stallion Group Forges Ahead with Africa Expansion". Forbes Middle East. Retrieved 2 March 2015.
  3. "Chairman's Profile". stalliongroup.com. Retrieved 29 November 2016.
  4. "Forbes Middle East unveils Top Indian Leaders in the Arab Region". Forbes Middle East. Retrieved 4 May 2016.
  5. Rai, Saritha. "Dubai-Based Billionaire Vaswani's Stallion Group Wants To Dominate Nigeria And All Of West Africa". forbes.com. Retrieved 21 January 2018.
  6. "Follow The Leader: Sunil Vaswani, Group Chairman, Stallion Group". entrepreneur.com. Retrieved 9 September 2016.
  7. "Net worth Sunil Vaswani". forbesmiddleeast. Retrieved 4 May 2016.
  8. "Virtue & Vice: IN GRAND VASWANI STYLE Sunil and Rita's 25th Wedding Anniversary in Dubai". jawaharc.blogspot.co.uk. Retrieved 9 September 2016.
  9. Palijo, Waseem (8 January 2019). "Most billionaires in India today once resided in Pakistan's Sindh". Daily Times. Archived from the original on 7 May 2020. Retrieved 7 May 2020.
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