Suresh Nanda

Suresh Nanda is an Indian businessman, former Lt. Commander for the Indian navy, and the Chairman of Claridges Group of Hotels. He ran Dynatron Services, an engineering firm before entering into the hospitality sector.[1]

Suresh Nanda
Born (1941-06-01) 1 June 1941
OccupationBusinessperson
Investment Banker,
Lieutenant commander (former)
Spouse(s)Renu Nanda
ChildrenSanjeev Nanda, Sonali Nanda Punj, Peter Punj (son-in-law)
Parent(s)SM Nanda

Business career

After 15 years of Military service, Nanda started his journey in the corporate sector and working for several major ventures in India, Europe and the Middle East. In 2003, Nanda facilitated the acquisition of Claridges Hotel in New Delhi[2] and the Nabha Palace Hotel in Mussoorie.[3]  Subsequently, he built Vivanta Surajkund which is managed by Indian Hotels Limited.[4]  He then went international as a hotelier by building Taj Dubai in 2015.[5]

Early life

Suresh Nanda was born to Admiral Sardarilal Mathradas Nanda and Sumitra Nanda in Karachi, British India. As the son of a high rank officer in the Indian Navy, Suresh Nanda studied in St. Columba's School, Delhi, the same school where notable personalities like Shah Rukh Khan, Rahul Gandhi, Sanjay Gandhi and Officers of the Indian Armed Force like Rana Chhina, Arun Khetarpal and DS Hooda had studied.[6][7]

Issues in media

Nanda was implicated in the Tehelka sting operation West End for allegedly giving bribes in Barak Missile Deal Scandal which was later closed as no evidence was found in the case, the Central Bureau of Investigation (CBI) filed a closure after seven years, in 2013.[8][9]

Allegations

Nanda had floated three companies including Dynatron and Crown. These manufacture and deal mostly with armoury vehicles, arms and associated equipment.[10] In the First Information Report filed 9 October 2005, CBI mentioned large payments from the firm MTU Aero Engines (a supplier to Israel Aircraft Industries) into the bank accounts of Dynatron Services, a company managed by Suresh Nanda and his family members during the relevant period.[11] The scandal had resulted in Nanda serving time in prison and his passport being revoked; however, according to the media his company's business increased following these events.[12][13]

References
  1. "Suresh Nanda - Chairman Claridges Group Of Hotels". suresh nanada. Retrieved 26 February 2020.
  2. "Claridges Hotel up for sale; Rs 1,500 crore expected". Economic Times.
  3. "Claridges to demolish, build new Sea Rock". DNA India.
  4. "Taj Hotels may soon ink deal to manage Claridges Surajkund". The Economic Times.
  5. "Suresh Nanda - Chairman, Claridges Group of Hotels". Leader Biography.
  6. "Suresh Nanda". Leader Biography.
  7. "As Delhi's St. Columba's turns 75, its alumni have much to celebrate". Asian Age.
  8. Garima Singh (30 October 2006). "Claridges mulls IPO to finance new hotels". Calcutta, India: The Telegraph. Retrieved 17 June 2007.
  9. Chauhan, Neeraj (11 December 2013). "CBI closes Barak scandal case for lack of evidence". The Times of India. Retrieved 29 October 2019.
  10. "About us – overview". dynatronservices.com. Dynatron official website. Retrieved 5 November 2018.
  11. "nanda in jail, but comp[anies floated thrive on government business". The Indian Express. Retrieved 5 November 2018.
  12. "Arms dealer Nanda in jail but firm he floated thrives on Govt business - Indian Express". archive.indianexpress.com. Retrieved 11 June 2020.
  13. "Suresh Nanda – biography". jet.com. Chrono press. Retrieved 5 November 2018.
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