The document provides a biography of Naresh Goyal, the founder and chairman of Jet Airways, one of India's largest airlines. It details his early life growing up in Punjab and working for a travel agency before founding Jet Airways in 1993. Under his leadership, Jet Airways has grown to become a major domestic and international carrier with over 350 daily flights to 55 destinations. Goyal has received several awards and recognition for his success in the aviation industry. He was named one of India's richest persons by Forbes with a net worth of $1.9 billion.

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Naresh Goyal
Chairman of Jet Airways
Naresh Goyal (born 29 July 1950) is an Indian businessman and founder
Chairman of Jet Airways. He started operating Jet Airways in 1993.
Following the 2005 IPO of Jet Airways, Forbes magazine declared him
the sixteenth richest person in India with a net worth of $1.9 billion.
Early Life:
Naresh Goyal was born in Sangrur - Punjab, northern India in 1949 in
the house of a jewellery dealer situated at Nabha Gate.He studied up to
sixth standard at Govt. Raj High School for Boys. When he was eleven years old, his family went through an
economic crisis and his house was auctioned. He then lived with his mother's uncle. When he was eighteen he
took a teaching degree. He started the career as cashier. He worked for his maternal uncle Seth Charan Das Ram
Lal's who was operating a travel agency then.
Carrier
After his graduation he joined the travel business with the General Sales Agents for Lebanese International
Airlines where he underwent rigorous and extensive practical training with several foreign airlines. During this
period he travelled overseas extensively for business.
Gifted with sky-high optimism, Goyal launched his first airline, Jet airways at a time when Air India and Indian
Airlines were the only domestic carriers. Jet Airways has been a soaring success since its first flight in 1993 and
has redefined the way people fly.
The airline has been acclaimed by frequent travellers as the most preferred carrier offering the highest quality of
comfort, service, standards and reliability. It currently operates more than 355 daily flights and has a network
connection of 55 domestic and international destinations.
It has opened a new chapter of rapid international expansion plan by commencing its operations to North
America. Using Brussels as its hub, Jet Airways will increase its international operations exponentially to other
North American destinations. It also plans to spread its wings to other destinations in Europe, Africa and Asia in
the near future.
With his superb knack of expertise and technical skills, Goyal later founded Jetair (Private) Limited in 1974,
with the objective of providing Sales and Marketing representation to foreign airlines in India. He was involved
in the development of traffic patterns, route structures, operational economics and flight scheduling, all of
which has made him a name to reckon in the world of aviation and travel.
He later ventured into an agreement with his prominent rival Vijay Mallya's Kingfisher Airlines after the airline
industry went through a rough patch in the second half of 2008. The collaboration would rationalize the
operation of routes, sharing of codes, prices and availability, fuel management and ground handling. He took
over Air Sahara giving his company 32% of the Indian travel market.
Jet airways has now decided to up its ante by refurbishing its existing domestic Boeing 737 fleet to reflect
progressive customer needs. The utmost importance given to cabin crew training and grooming has helped the
airline create a unique reputation for world-class service.
Goyal’s tenure in the world of aviation won him many awards and accolades. Forbes magazine declared him the
16th richest person in India with a net worth of USD 1.9 billion. He was conferred the first NDTV Profit
Business Award by Prime Minister Manmohan Singh in 2006. Business Week selected Goyal as one of the five
leaders from India in their Asia Edition cover story "Stars of Asia - 25 Leaders at The Forefront of Change."