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Business News›Magazines›Panache›Panache People 101›Bhadresh Shah
    Bhadresh Shah

    Bhadresh Shah

    Managing Director, AIA Engineering Ltd
    NationalityIndian
    LeagueBusiness Leader
    EducationB.Tech, Metallurgical Engineering, IIT Kanpur
    Net Worth$1.6 billion (As of July 27, 2021)
    Bhadresh Shah's Assets:

    Bhadresh Shah's Journey so far ...
    • Brought up in a family of doctors, Bhadresh Shah decided to study engineering because he wanted to do something different
    • A few years after graduating, he set up a foundry with the help of a bank loan and some capital received from his father. He supplied metal castings but following challenges in the business, lost all his money in the first year itself
    • In 1977, he changed the course of his business and started manufacturing replacement components for power plants
    • In 1979, he partnered with a friend to create Ahmedabad Induction Alloy (AIA) and started manufacturing steel alloys and iron castings for power plants
    • As business grew, Shah felt the need for technological upgrade and in 1988, his company tied up with the Belgian consultancy firm Slegten SA to get design expertise
    • The success of the tie-up prompted Magotteaux, which had in the past turned down AIA’s partnership proposal, to approach Shah for a joint venture. In 1991, AIA Magotteaux was formed
    • The JV went smoothly for some years but towards the end of the ’90s, things started getting rough. Following differences in the partnership, Shah bought back Magotteaux’s share in the India unit of the company and AIA Engineering was created
    • With an office in London, he soon started working on expanding the company’s international footprint
    • Shah became the managing director of AIA Engineering in 2002
    • Shah acquired Vega UK in 2003, which became the global distributor of AIA products outside India. It currently has a presence in over 75 countries
    • The company debuted in the public markets in 2005
    • He expanded the company’s service areas to include the mining sector in 2008
    • Today, AIA is the world’s second-largest producer of hi-chrome casting and Shah owns around 58.5% shares in the company

    Before you go ...
    • Shah likes to read about the French ruler Napoleon Bonaparte and draws inspiration from his life
    Last Updated: 27/07/2021

    Bhadresh Shah News

    • Prime Minister Narendra Modi will address the National Democratic Alliance's (NDA) parliamentary party meeting on Tuesday. This will be the first session of Parliament since PM Modi assumed office for a third consecutive term. Notably, this meeting marks PM Modi's first speech to the MPs of the ruling bloc in this new term.
    • “We have investments in large private sector banks, some regional private sector banks, NBFCs, MFI, microfinance, wealth management, life insurance, so pretty much across the board. We continue to find a large number of stocks that are still reasonably valued. We also are overweight on aviation,” says Bhavin Shah
    • The Indian cricket team, stranded in Barbados after winning the T20 World Cup, may finally return home as Barbados Prime Minister Mia Mottley expects the airport to reopen within the next six to 12 hours. Hurricane Beryl had forced a shutdown, but Mottley is overseeing efforts to resume normal operations urgently. Despite damage to coastal areas, Barbados avoided a direct hit. Mottley acknowledged the team's patience and spirits after their victory, hopeful they will soon depart before the next hurricane arrives midweek.
    • Prime Minister Narendra Modi and five senior ministers defended the central government against Leader of Opposition Rahul Gandhi's criticism in Lok Sabha. The ministers demanded Gandhi's apology, refuted his claims, and challenged his statements on various issues. The heated exchange included accusations of disrespecting parliamentary rules and misleading the House. Gandhi stood firm on his positions despite the ministers' objections.
    • Union Home Minister Amit Shah announced the implementation of three new criminal laws aimed at ensuring timely justice up to the Supreme Court level within three years of FIR registration, with an expected 90% conviction rate to reduce crime. The laws, replacing British-era codes, feature modern provisions like Zero FIR, online complaints, and time-bound trials, addressing crimes against children and women, and incorporating community service for minor offenses.
    • Defence Minister Rajnath Singh defended the Agnipath military recruitment scheme, which was criticized by opposition leader Rahul Gandhi in the Lok Sabha. Singh argued that the scheme was rolled out after consultation with 158 organizations and that an Agniveer who commits suicide receives a compensation of Rs 1 crore. Gandhi claimed the government treats Agniveers as "use-and-throw labourers" and does not give them the status of a "shaheed (martyr)."
    • Union ministers criticized Rahul Gandhi for delivering an irresponsible speech in Lok Sabha, making untruthful claims about various topics. The BJP highlighted the contrast with past leaders like Vajpayee, Advani, and Swaraj, emphasizing the importance of responsibility in such positions.
    • Rahul Gandhi's remarks on Hinduism and NEET-UG paper leak sparked controversy in the Lok Sabha. Union ministers criticized him for denigrating Hindus, while Congress defended his stance. The issue led to a heated debate on political exploitation of religion and biased media coverage.
    • In his first speech in the Lok Sabha, Leader of the Opposition Rahul Gandhi drew parallels between the Opposition and Hinduism by displaying an image of the Hindu god Shiva. He highlighted the Opposition's calm approach, resembling the god's 'abhay mudra', despite facing government attacks. Rahul also emphasised that Hinduism is not about fear and hatred, criticising the BJP. This led to objections from Prime Minister Narendra Modi and Union Home Minister Amit Shah. Here are all the moments when Rahul and the treasury bench faced off.Big hits and misses from Rahul Gandhi's maiden speech as Lok Sabha LoP | Ft. Amit Shah & PM Modi
    • Union Home Minister Amit Shah said on Monday that the three new criminal laws will be available in all regional languages, including Tamil, and if anyone has any issue regarding the names of the laws, there should have been a combined effort. The Bharatiya Nyaya Sanhita (BNS), Bharatiya Nagarik Suraksha Sanhita (BNSS) and the Bharatiya Sakshya Adhiniyam (BSA) came into effect on Monday.
    • Rahul Gandhi, the leader of the Opposition in the Lok Sabha, on Monday launched a scathing attack on the BJP-led National Democratic Alliance at the Centre, claiming that Agniveers were being treated as “use and throw.” Rahul Gandhi asserted that the Agniveer scheme would be scrapped when their government came to power. Watch!Agniveers 'use & throw': Rahul tears into Govt for no pension to martyrs; Rajnath rebukes charge
    • Rahul Gandhi's speech in Lok Sabha criticized BJP and RSS for promoting violence in the name of Hinduism. He emphasized the importance of courage in all religions and called for an apology from Congress over the remarks. Reacting to Rahul Gandhi's comment, Kangana Ranaut said that Rahul Gandhi did a good standup comedian act.
    • Union Home Minister Amit Shah clarified that the Bharatiya Nyaya Sanhita (BNS), effective Monday, retains a maximum 15-day police custody period akin to the IPC, countering misconceptions of an extension. He confirmed BNS allows for custody in segments within 60 days, addressing concerns on interrogation interruptions. Shah noted hat Gwalior's motorcycle theft marked BNS's debut, discrediting earlier Delhi vendor claims under the new laws.
    • Union Home Minister Amit Shah said on Monday that the three new criminal laws will be available in all regional languages, including Tamil, and if anyone has any issue regarding the names of the laws, there should have been a combined effort. The Bharatiya Nyaya Sanhita (BNS), Bharatiya Nagarik Suraksha Sanhita (BNSS) and the Bharatiya Sakshya Adhiniyam (BSA) came into effect on Monday.
    • Positive chart pattern like higher tops and bottoms is intact. The underlying trend of Nifty remains positive. The market is racing towards the next upside target of 24,400 levels in the near term. Immediate support is placed at 23,980 levels, said Nagaraj Shetti of HDFC Securities.
    • Amit Shah rejected criticism that the three new criminal laws were draconian and repressive. He said the laws were modern, protect the rights of the victims, and fix accountability on police forces.
    • Newly appointed Leader of Opposition Rahul Gandhi of Congress party took on Prime Minister Narendra Modi, Bharatiya Janata Party (BJP), Rashtriya Swayamsevak Sangh (RSS) at the Lok Sabha during his address on Monday. The Congress leader said that BJP and RSS, who call themselves followers of Hindu religion, speak of violence and 'asatya'. Gandhi's tirade against the government also prompted Modi's intervention twice who accused the former of calling the 'entire' Hindu society violent. "This is a serious issue," Modi said. The second time around, Modi said that the Constitution of India taught him to take the LoP seriously.Amit Shah’s dig at Rahul Gandhi's 'violent Hindu', 'Abhaymudra' byte, raises emergency, Sikh pogrom
    • Union home minister Amit Shah congratulated the nation for implementation of three new criminal laws- Bharatiya Nyaya Sanhita (BNS), the Bharatiya Nagrik Suraksha Sanhita (BNSS), and the Bharatiya Sakshya Adhiniyam (BSA)- while addressing a press conference on Monday. He said, "First of all, I would like to congratulate the people of the country that about 77 years after independence, our criminal justice system is becoming completely 'Swadeshi'. This will function on Indian ethos."New Criminal Laws: HM Amit Shah explains how the three new acts will help common people
    • Rahul Gandhi delivered a speech in the Lok Sabha in which, as the newly appointed Leader of the Opposition, he accused Prime Minister Narendra Modi, the BJP, and the RSS of spreading violence and falsehoods and challenged their claim to represent Hindu values. In response, Modi & Amit Shah accused Gandhi of labeling Hindus as violent. Gandhi clarified that his remarks were targeted at the BJP, not Hinduism, emphasising that true Hinduism promotes courage and peace. Watch!'BJP does not represent entire Hindus': Rahul Gandhi rattles PM Modi, Amit Shah says 'Maafi Mango'
    • Rahul Gandhi's speech sparked a contentious atmosphere in the house as he criticised the BJP and RSS, alleging that they promote violence and misinformation in the name of Hinduism. He underscored that these organisations do not speak for the entire Hindu community, refuting their assertion of exclusive religious legitimacy.
    • Rahul Gandhi Speech | In his Lok Sabha address, newly appointed Leader of Opposition Rahul Gandhi accused Prime Minister Narendra Modi, BJP, and RSS of spreading violence and falsehoods, challenging their claim to represent Hindu values. Modi responded, accusing Gandhi of labeling Hindus as violent. Gandhi clarified that his remarks targeted BJP, not Hinduism, emphasizing that true Hinduism promotes courage and peace.
    • The introduction of three new criminal laws, slated to replace outdated colonial-era statutes, will come into effect from July 1. Watch as HM Amit Shah criticizes the opposition for misleading the public about the new criminal laws.New criminal laws: HM Amit Shah lashes out at Oppn over misleading people, acting irresponsibly
    • Leader of Opposition in Lok Sabha Rahul Gandhi, during his first speech in the Lower House on Monday, showed an image of Hindu God Shiva. He drew parallels to Lord Shiva, stating that the Opposition has remained calm, following God's 'abhay mudra', even after numerous attacks by the government.
    • Rahul Gandhi on Monday began his first speech of 18th Lok Sabha by invoking 'Jai Sanvidhan' (Hail Constitution) amidst BJP chants of 'Jai Sri Ram' as he got up to speak.Live | Fierce debate between LoP Rahul Gandhi, HM Amit Shah and PM Narendra Modi in Lok Sabha
    • Union home minister Amit Shah announced the implementation of three new criminal laws—Bharatiya Nyaya Sanhita (BNS), Bharatiya Nagrik Suraksha Sanhita (BNSS), and Bharatiya Sakshya Adhiniyam (BSA)—while addressing a press conference on Monday, marking a significant change in India's criminal justice system 77 years after independence.
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