Early and personal life
Gulabchand was born to a Jain trading family, originally belonging to Wankaner in the Kathiawar region of Gujarat, which had settled by the early 20th century in Solapur, Maharashtra. [5] He is the son of Gulabchand Hirachand (1896-1967), one of the four brothers who founded the Walchand group, a business conglomerate which flourished in the first half of the 20th century. Ajit has eight brothers and sisters, and his eldest sibling is twenty-eight years older than him. He was nineteen years old when his father died in 1967. The surname of the family is "Doshi," but this is rarely used. Art historian Saryu Doshi was a relative of Ajit Gulabchand through her husband, Vinod Doshi.
Ajit Gulabchand is married to Meera Gulabchand, daughter of film-maker Vasant Joglekar and actress Sumati Gupte Joglekar. They have a daughter named Shalaka Gulabchand Dhawan. [6] .
Career
Gulabchand joined Hindustan Construction Company (HCC) in 1983 as Managing Director and became Chairman in 1994. Under his leadership, HCC evolved into a diversified infrastructure conglomerate with global operations with turnover exceeding 10,670 crore (~1.23 Bn USD) with a workforce of over 13,000 employees. Gulabchand has been a director of Indian Hume Pipe since 1993. He has served as director of HCC Infotech, Hincon Technoconsult, Ucchar Investments, Hincon Realty, LAVASA Corporation, Motorsports Association of India, Steiner [7] , Constructmall.com, and as an independent, non-executive director of Bajaj Electricals.
He continues to serve as a Director in Hincon Finance, Hincon Holdings, Western Securities, Champali Garden, Shalaka Investment, and Gulabchand Foundation.
He is a founding member of the World Economic Forum's Disaster Resource Network and a member of the National Council of Confederation of Indian Industry (CII). He was a promoter of the Lavasa township, which was intended to be India's first new hill station since independence. [8]
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