Shaurya Doval

Last updated
Shaurya Doval
Shaurya Doval.jpg
Doval in 2018
Personal details
Political party Bharatiya Janta Party
SpouseDivya Doval
Children2
Parent(s) Ajit Doval (father)
Aruni Doval (mother)
Awards Udyog Rattan Award

Shaurya Doval is an Indian politician affiliated to the Bharatiya Janata Party and is the Executive Member of BJP Uttarakhand. He is the founder and leader of India Foundation, a right-wing [1] think tank that is closely associated with the Narendra Modi Government. [1] [2] He has worked as investment banker for GE Capital and Morgan Stanley and heads Torch Investment (previously known as Zeus Caps). [3] [4]

Contents

Doval and his organisation have attracted scrutiny by left-leaning news portals due to their alleged growing influence, opaque funding and ties to some of India cabinet ministers. [5] [6] Doval filed a criminal defamation case against The Caravan and Congress leader Jairam Ramesh for 'deliberately defaming him “seemingly to settle scores” with his father. [7] In December 2020, Ramesh apologised in court for "any hurt the statements may have caused". [8]

Early life and education

Shaurya is the son of Ajit Doval, India's National Security Advisor. He completed his school education from the Army Public School. He holds a BA degree in Economics from Hindu College of Delhi University with honors.

He also holds two MBA degrees from Booth School of Business, University of Chicago and London Business School. He has a chartered accountancy degree from The Institute of Chartered Accountants of India. [9] [10] [4]

Career

Doval is an investment banker by profession who serves as the managing director of a Singapore-based wealth management firm, Torch Investment (previously known as Zeus Caps). [3]

He has over 30 years of international investment banking experience, during which he has worked for over a decade in London in leveraged finance at GE Capital's London office and the investment banking division of Morgan Stanley. He has also worked with corporate finance advisory at Arthur Andersen in India. [11]

He was awarded the Eisenhower Fellowship in 2015 for his work in the field of public policy. [12] He was selected by the Government of Japan for their invitation program for ministers, Strategic Exchange on Practical Level (STEP) for the year 2022-23 where he learnt about the culture, economy and policymaking in Japan. [13] [14]

Politics

In 2014, Doval was a planner [1] for the $1.5m [15] public reception for the newly appointed Prime Minister of India Narendra Modi by the Indian American community at Madison Square Garden during his 2014 state visit to the US which was attended by 20,000 people. [15]

He formally joined Bharatiya Janta Party in Uttarakhand as a special invitee in the party's state executive members' meet in 2017. [16] He became the party's convenor for good governance in the state. [17] Political analysts speculated that he might contest the 2019 Indian general election from the Pauri Garhwal seat of Uttarakhand. [18] [19] [20] [21] In April 2019, Z security protection was provided in response to potential security threats against him and his father during the elections. [22]

According to a 2017 report by The Wire , since 2014 Doval's think tank had become the most influential in India. It alleged that he had a conflict of interest as four of the directors of India Foundation were appointed as ministers in 2014 including Defence Minister Nirmala Sitharaman and they continued to be Directors in India Foundation even after joining the government. It questioned the Foundation's opaque sources of funding. [5] [6] Doval claimed that it raised money through "conferences, advertisement[s], [and] journal[s]" and that "no foreign funding has ever been received", however The Wire noted its conferences were sponsored by international companies such as Boeing and DBS Bank. [23]

In 2019, The Caravan alleged inexplicable ties between the businesses of Doval and his younger brother Vivek who allegedly ran a hedge fund based in the Cayman Islands. [24] This was taken up by Congress leader Jairam Ramesh in a press conference on January 17, 2019.

A subsequent criminal defamation case was filed by Vivek Doval against Ramesh, Caravan magazine and its staff writer who Doval claimed had used "inferences and innuendos" to give the impression that he and his family were involved in money laundering and round tripping. [25] In December 2020, Jairam Ramesh apologised in court for "any hurt the statements may have caused". [26]

Public work in Uttarakhand

Doval conceptualized 'Bemisaal Garhwal' under the banner of 'Buland Uttarakhand' which aims to improve the quality of education and health in Uttarakhand. [27]

Awards

Doval was awarded the Udyog Rattan Award in 2012 for his contribution to the power sector in India. [11] He was also the Eisenhower Fellow from India for 2015. [28] On 13 February 2021, Chandigarh University awarded Doval with its Pride of India award 'for his contribution as think-tank and youth icon for entrepreneurs'. [29] [30]

See also

Related Research Articles

<span class="mw-page-title-main">Bharatiya Janata Party</span> Indian political party

The Bharatiya Janata Party is a political party in India and one of the two major Indian political parties alongside the Indian National Congress. Since 2014, it has been the ruling political party in India under the incumbent Prime Minister Narendra Modi. The BJP is aligned with right-wing politics, and its policies adhere to Hindutva, a Hindu nationalist ideology. It has close ideological and organisational links to the Rashtriya Swayamsevak Sangh (RSS) volunteer paramilitary organisation. As of September 2023, it is the country's biggest political party in terms of representation in the Parliament of India as well as state legislatures.

<span class="mw-page-title-main">Rahul Gandhi</span> Indian politician (born 1970)

Rahul Rajiv Gandhi is an Indian politician and a member of the Indian Parliament, who represents the constituency of Wayanad, Kerala in the Lok Sabha. He previously represented the constituency of Amethi, Uttar Pradesh. He is a member of the main opposition party, the Indian National Congress and was the party president from December 2017 to July 2019. He is the chairperson of the Indian Youth Congress, the National Students Union of India and a trustee of the Rajiv Gandhi Foundation and Rajiv Gandhi Charitable Trust. He is the son of the former Prime Minister of India, Rajiv Gandhi

<span class="mw-page-title-main">Narendra Modi</span> Prime Minister of India since 2014 (born 1950)

Narendra Damodardas Modi is an Indian politician who has served as the 14th prime minister of India since May 2014. Modi was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament (MP) for Varanasi. He is a member of the Bharatiya Janata Party (BJP) and of the Rashtriya Swayamsevak Sangh (RSS), a right-wing Hindu nationalist paramilitary volunteer organisation. He is the longest-serving prime minister from outside the Indian National Congress.

<span class="mw-page-title-main">Ajit Doval</span> National Security Advisor of India since 2014

Ajit Kumar Doval is the National Security Advisor (NSA) of India to Prime Minister Narendra Modi. He was Intelligence Bureau (IB) chief and Indian Police Service (IPS) officer from Kerala cadre.

<span class="mw-page-title-main">Jairam Ramesh</span> Indian politician

Jairam Ramesh is an Indian politician belonging to Indian National Congress. He is a Member of Parliament representing Karnataka state in the Rajya Sabha. In July 2011, Jairam was elevated to the Union Council of Ministers of India and appointed Minister of Rural Development and Minister of the new Ministry of Drinking Water and Sanitation. However, in the cabinet reshuffle in October 2012, he was divested of the portfolio of Ministry of Drinking Water and Sanitation. He was previously the Indian Minister of State at the Ministry of Environment and Forests from May 2009 to July 2011.

<span class="mw-page-title-main">National Security Advisor (India)</span> Executive officer of the Indian National Security Council

The National Security Advisor is the senior official on the National Security Council of India, and the chief advisor to the Prime Minister of India on national security policy and international affairs. In 2019, the term of Ajit Doval the current NSA was extended for another 5-year term, and has been assigned the rank of a Union Cabinet Minister and ranks at the seventh position in the Indian Order of Precedence.

<span class="mw-page-title-main">Bhagat Singh Koshyari</span> Former Governor of Maharashtra

Bhagat Singh Koshyari is an Indian politician who served as the 22nd governor of Maharashtra from 2019 to 2023. An RSS veteran, Koshyari served as National Vice-President of BJP and party's 1st State president for Uttarakhand. He also served as 2nd Chief Minister of Uttarakhand from 2001 to 2002 and thereafter, was the leader of the opposition in the Uttarakhand Legislative Assembly from 2002 to 2003. He also served as an MLC in Uttar Pradesh Legislative Council and MLA in Uttarakhand Legislative Assembly. He later served as an MP in Rajya Sabha from 2008 to 2014 from Uttarakhand and then the MP in the 16th Lok Sabha from Nainital-Udhamsingh Nagar constituency, earning him the distinction of being elected in both houses of State Legislature and both houses of National Parliament respectively.

<span class="mw-page-title-main">Nitin Gadkari</span> Minister of Road Transport and Highways of India

Nitin Jairam Gadkari is an Indian politician from Maharashtra who is the current Minister for Road Transport & Highways in the Government of India. He is also the longest serving Minister for Road Transport & Highways currently running his tenure for over 9 years. Gadkari earlier served as the President of the Bharatiya Janata Party (BJP) from 2009 to 2013. He is also known for his work as the Public Works Department Minister of the State of Maharashtra, where, under his leadership, a series of roads, highways and flyovers across the state were constructed.

<span class="mw-page-title-main">2014 Indian general election</span>

General elections were held in India in nine phases from 7 April to 12 May 2014 to elect the members of the 16th Lok Sabha. With 834 million registered voters, they were the largest-ever elections in the world until being surpassed by the 2019 elections. Around 23.1 million or 2.7% of the total eligible voters were aged 18–19 years. A total of 8,251 candidates contested the 543 elected Lok Sabha seats. The average election turnout over all nine phases was around 66.40%, the highest ever in the history of Indian general elections.

<span class="mw-page-title-main">Ramesh Pokhriyal</span> 5th Chief Minister of Uttarakhand, India

Ramesh Pokhriyal "Nishank", is an Indian politician who was appointed on 31 May 2019 to serve as Minister of Human Resource Development and as of July 2020, following the ministry's name change, his title was changed to Minister of Education.

<span class="mw-page-title-main">Amit Shah</span> 31st and current Home Minister of India (born 1964)

Amit Anil Chandra Shah is an Indian politician who is currently serving as the 31st Minister of Home Affairs since 2019 and the 1st Minister of Co-operation of India since 2021. He served as the 10th President of the Bharatiya Janata Party (BJP) from 2014 to 2020. He has also served as chairman of the National Democratic Alliance (NDA) since 2014. He was elected to the lower house of Parliament, Lok Sabha, in the 2019 Indian general elections from Gandhinagar. Earlier, he had been elected as a member of the upper house of Parliament, Rajya Sabha, from Gujarat from 2017 to 2019.

<i>The Caravan</i> Indian monthly magazine

The Caravan is an Indian English-language, long-form narrative journalism magazine covering politics and culture.

The Vivekananda International Foundation (VIF) is an Indian public policy think-tank. It is considered to be aligned to right-of-centre in its policies.

<span class="mw-page-title-main">First Modi ministry</span> Union Council of Ministers headed by Narendra Modi

The First Ministry of Narendra Modi is the Council of Ministers headed by Narendra Modi that was formed after the 2014 general election which was held in nine phases from 7 April to 12 May in 2014. The results of the election were announced on 16 May 2014 and this led to the formation of the 16th Lok Sabha. The Council assumed office from 27 May 2014.

Sanjiv Chaturvedi is an Indian Forest Service (IFoS) officer posted as Chief Conservator of Forest (Research) at Haldwani in the Nainital district of Uttarakhand. Chaturvedi was a Chief Vigilance Officer (CVO) at AIIMS, New Delhi from 2012 to 2014, and served in the government of Haryana from 2005 to 2012.

<span class="mw-page-title-main">South Asian foreign policy of the Narendra Modi government</span>

Neighbourhood First Policy of India, a core component of India's foreign policy, focuses on peaceful relations and collaborative synergetic co-development with its South Asian neighbours of the Indian subcontinent encompassing a diverse range of topics, such as economic, technology, research, education, connectivity, space program, defence security, environment, and climate challenge. This policy creates new avenues as well as leverages existing regional cooperation initiatives, such as SAARC, SASEC, BBIN, and BIMSTEC. It compliments India's Look East policy focused on Southeast Asia and Look West Policy focused on Middle East.

<span class="mw-page-title-main">2017 Uttar Pradesh Legislative Assembly election</span> Election in India

The election to the 17th Uttar Pradesh Legislative Assembly was held from 11 February to 8 March 2017 in 7 phases. This election saw a voter turnout of 61.11% compared to 59.40% in the previous election. The Bharatiya Janata Party (BJP) won the election by an overwhelming three-quarters majority of 325 seats despite not projecting a chief ministerial candidate before the election. As part of its election strategy, BJP contested under a collective leadership and capitalised mostly on the political clout and 'brand' of its leader Narendra Modi.

<span class="mw-page-title-main">Tirath Singh Rawat</span> 9th Chief Minister of Uttarakhand

Tirath Singh Rawat is an Indian politician, a sitting Member of Parliament and former Chief Minister of Uttarakhand. He was elected to the 17th Lok Sabha from the Garhwal constituency in the 2019 Indian general election as member of the Bharatiya Janata Party. He was the party chief of Bharatiya Janata Party Uttarakhand from 9 February 2013 to 31 December 2015 and former member of Uttarakhand Legislative Assembly from Chaubattakhal constituency from 2012 to 2017. He was also the first Education Minister of Uttarakhand.

<span class="mw-page-title-main">Ajay Kothiyal</span> Recipient of Kirti Chakra

Colonel Ajay Kothiyal, KC, SC, VSM (Retd) is an Indian politician and a former officer of the Indian Army. He is a BJP leader, earlier he was leader of Aam Aadmi Party (AAP) and was the CM Candidate for 2022 Uttarakhand Legislative Assembly elections. Kothiyal lost the election to BJP candidate in Gangotri Assembly constituency. In May 2022, he resigned from AAP and joined BJP.

<i>PM Narendra Modi</i> 2019 Indian Hindi-language biographical film

PM Narendra Modi is a 2019 Hindi-language biographical drama film directed by Omung Kumar, and written by Anirudh Chawla and Vivek Oberoi. The film is jointly produced by Suresh Oberoi, Sandip Singh, Anand Pandit, Acharya Manish under the banner of Legend Studios. The film's plot is based on the life of Narendra Modi, the 14th Prime Minister of India.

References

  1. 1 2 3 Tripathi, Rahul (14 October 2018). "How National Security Advisor Ajit Doval's son Shaurya reinvented himself into a key policy player". The Economic Times .
  2. ↑ "Why Congress wants PM Narendra Modi to dismiss these four ministers including Nirmala Sitharaman, Suresh Prabhu". Financial Express . 5 November 2017.
  3. 1 2 "Torch Investment". www.torchinvestment.com.
  4. 1 2 Tripathi, Rahul. "How National Security Advisor Ajit Doval's son Shaurya reinvented himself into a key policy player". The Economic Times. Retrieved 2022-07-04.
  5. 1 2 Chaturvedi, Swati (4 November 2017). "Exclusive: Think-Tank Run by NSA Ajit Doval's Son Has Conflict of Interest Writ Large". The Wire .
  6. 1 2 "Doval's Son Rubbishes The Wire's Claims of "Conflict of Interest"". The Quint . November 3, 2017.
  7. ↑ "2 witnesses record statement in support of Vivek Doval in defamation case against Caravan". The Economic Times. Retrieved 2022-07-04.
  8. ↑ Anand, Mohan (20 December 2020). "Defamation case: Jairam Ramesh apologises to Vivek Doval". Indian Express .
  9. ↑ "Shaurya Doval Wife, Bio, Education, Family, Net worth, Contact Details !!". QA. 2020-02-28. Retrieved 2022-07-04.
  10. ↑ "Shaurya Doval – torchinvestment.com" . Retrieved 2022-07-04.
  11. 1 2 "Center for American Progress U.S.-India Task Force". Center for American Progress .
  12. ↑ Gupte, Masoom. "Facebook impresses Doval Jr". The Economic Times. Retrieved 2022-07-04.
  13. ↑ "जापान सरकार ने इंडिया फाउंडेशन के शौर्ड डोभाल को दिया न्योता, STEP में लेंगे भाग". Hindustan.
  14. ↑ "જાપાન સરકારે STEPમાં ભાગ લેવા માટે ઈન્ડિયા ફાઉન્ડેશનના શૌર્ય ડોભાલને આપ્યું આમંત્રણ, જાણો વધુ વિગતો". www.gujaratsamachar.com.
  15. 1 2 "Narendra Modi : US turns on charm as roadshow rolls into New York". The Guardian . 29 September 2014. Retrieved 14 September 2021.
  16. ↑ Upadhyay, Kavita (20 December 2017). "NSA Ajit Doval's son attends BJP state meet, triggers talk of joining politics". Indian Express .
  17. ↑ Negi, Sunil (December 4, 2020). "भाजपा ने घोषित किए 27 विभागों के संयोजक व सहसंयोजक" [BJP declared convenor and co-convener of 27 departments]. Dainik Jagran .
  18. ↑ Upadhyay, Kavita (July 1, 2018). "2019 चुनाव लड़ने की तैयारी कर रहे एनएसए अजीत डोवाल के बेटे शौर्य, शुरू किया बड़ा अभियान" [NSA Ajit Doval's son Shaurya preparing to contest 2019 elections, started a big campaign]. Jansatta .
  19. ↑ Upadhyay, Kavita (March 22, 2019). "Surprise ends in Pauri seat as BJP announces former party president as candidate". Indian Express .
  20. ↑ Sharma, Nihi (19 December 2017). "Shurya Doval signals entry into active politics — from Uttarakhand". Hindustan Times .
  21. ↑ "भगत सिंह कोश्यारी नहीं लड़ना चाहते अगला लोकसभा चुनाव?" [Bhagat Singh Koshyari does not want to contest the next Lok Sabha elections?]. Jansatta . December 29, 2018.
  22. ↑ "NSA Doval's son Shaurya Doval gets VIP security cover". The Hindu . Press Trust of India. April 30, 2019.
  23. ↑ Varadarajan, Siddharth (5 November 2017). "Shaurya Doval's Response to The Wire Raises More Questions Than It Answers". The Wire . Retrieved 2021-09-14.
  24. ↑ Shroff, Kaushal (16 January 2019). "Ajit Doval's sons run a web of companies including a Cayman Islands hedge fund even as father demands crackdown on tax havens". The Caravan .
  25. ↑ Kumar, Nirnimesh (May 28, 2019). "Vivek Doval records his evidence in defamation case against magazine". The Hindu .
  26. ↑ Anand, Mohan (20 December 2020). "Defamation case: Jairam Ramesh apologises to Vivek Doval". Indian Express .
  27. ↑ Upadhyay, Kavita (July 1, 2018). "NSA Ajit Doval's son Shaurya's move, from power hub to base at home". The Indian Express .
  28. ↑ "Meet Our Fellows". Eisenhower Fellowships . Retrieved 2021-08-25.
  29. ↑ Role of Youth in making India a $5 Trillion Economy. Chandigarh University. 13 February 2021. 30:50-34:55 minutes in. Retrieved 2021-09-05– via Facebook.
  30. ↑ "Entrepreneurs are the real patriots as they contribute in strengthening of nation's economy says thought-leader Shaurya Doval" (Press release). Chandigarh University. 13 February 2021 – via PR Newswire.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.