 The man who could afford only one paisa a day (100th of a Rupee) for meals 40 years ago, today had 9000 people on his payroll. Another 20,000 people get indirect work through his organizations. If the nineties are a time when changes like liberalization and globalization are gaining momentum, the Raunaq Group too is keeping pace with the times. Today, the Raunaq Group is an equal opportunities employer. Offering equality not just between the sexes, but also on parameters like religion, region, background and castle. This US$ 600 Million group led by the tireless Dr. Raunaq Singh a man who aspired to take on the challenges of the liberalization of the Indian economy and the opportunities of the coming century. India will need to rely on a new infrastructure system of power and energy. There will emerge a need for reliable telecommunications and the Raunaq Group is poised to enter this area too. The Group is also diversifying into other areas like IT, pharmaceuticals and finance to meet the challenges of a liberalized India. Raunaq Group of companies understand that changing times call for changing responses. And that is what has built the business from the ABC of entrepreneurship, to the XYZ of a vast and diversified corporate empire. Industry Association Responsibilities With his dynamic leadership Raunaq Singh was instrumental in strengthening the working of several Industry & Trade Associations in key leadership position. Some of these are:
He distinguished himself in each of these positions and made a significant contribution to the growth of the Industry. A widely traveled person, Raunaq Singh led Business delegations to well over 25 countries during the last several years.
He was a great
advocate of economic liberalization and globalization of the
Indian business. He strived to put the Indian industry
on the global map and worked diligently towards this goal
until the last day of his life. Keen to utilize his business perception and inject a dynamic Management style the Indian Government nominated Raunaq Singh in several important organization namely:
Raunaq Singh was the recipient of several awards for entrepreneurship business growth instituted by Government and Quasi – Government bodies. With his penchant for exports and export promotion for Indian Industry he was often referred to as "Mr. Exporter". International Recognition Raunaq Singh was elected as a member of the Executive Board of the International Chamber of Commerce, Paris for a three-year term. |
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