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| name = Shahid Balwa
| name = Shahid Balwa
| birth_date =
| birth_date =
| birth_place = [[Gujarat]], [[India]]
| birth_place = [[Gujarat]], [[India]]
| spouse = [[Asimah balwa]],
| spouse = [[Asimah Balwa]]
| spouse =
| death_place =
| death_place =
| occupation = [[Promoter (entertainment)|Promoter]], [[DB Group]]<ref name=htimes>{{cite news |url=https://www.thehindu.com/news/national/2G-spectrum-case-CBI-arrests-Shahid-Balwa/article15134078.ece |title=2G spectrum case : CBI arrests Shahid Balwa |work=The Hindu |date= 8 February 2011|accessdate=2011-02-09}}</ref> & [[Managing Director]], [[DB Group]]
| occupation = [[Promoter (entertainment)|Promoter]], [[DB Group]]<ref name=htimes>{{cite news |url=https://www.thehindu.com/news/national/2G-spectrum-case-CBI-arrests-Shahid-Balwa/article15134078.ece |title=2G spectrum case : CBI arrests Shahid Balwa |work=The Hindu |date= 8 February 2011|accessdate=2011-02-09}}</ref> & [[Managing Director]], [[DB Group]]
| alma_mater =
| alma_mater =
| website = {{URL|www.dbrealty.co.in}}
| website =
}}
}}


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==Forbes billionaire==
==Forbes billionaire==
In 2010, Balwa was the youngest Indian to feature on the Forbes List and is amongst the 10 youngest billionaires in the world.<ref>{{cite news|url=http://findarticles.com/p/news-articles/dna-daily-news-analysis-mumbai/mi_8111/is_20100813/db-realty-allots-rs-1000/ai_n54816956/ |title=DB Realty allots Rs 1,000 cr for the acquisition of projects &#124; DNA : Daily News & Analysis; Mumbai &#124; Find Articles at BNET |via=FindArticles |date=2010-08-13 |accessdate=2011-02-09 }} {{Dead link|date=February 2012|bot=RjwilmsiBot}}</ref><ref>{{cite web|url=http://www.rediff.com/business/slide-show/slide-show-1-the-ups-and-downs-in-the-db-realty-story/20110210.htm |title=The ups and downs in the DB Realty story |publisher=Rediff.com |date=2010-12-31 |accessdate=2011-02-10}}</ref> He was ranked by ''[[Forbes]]'' as India's 50th richest man in 2010.<ref>{{Cite web|date=2011-02-10|title=Balwa is India's youngest billionaire|url=https://indianexpress.com/article/news-archive/web/balwa-is-indias-youngest-billionaire/|access-date=2020-09-15|website=The Indian Express}}</ref><ref name="forbes1">{{cite news|url=https://www.forbes.com/lists/2009/77/india-billionaires-09_Shahid-Balwa_XZ4I.html |title=#50 Shahid Balwa |work=Forbes |date= 18 November 2009|accessdate=2011-02-09}}</ref><ref name="indiatimes1">{{cite news |author=Nauzer K Bharucha |date=10 February 2011 |title=Shahid Balwa: From college dropout to billion-dollar realtor |work=[[The Times of India]] |url=http://articles.timesofindia.indiatimes.com/2011-02-10/india/28545495_1_shahid-balwa-kakade-infrastructure-bandra |url-status=dead |accessdate=2011-02-11 |archive-url=https://web.archive.org/web/20121104192304/http://articles.timesofindia.indiatimes.com/2011-02-10/india/28545495_1_shahid-balwa-kakade-infrastructure-bandra |archive-date=4 November 2012}}</ref>
In 2010, Balwa was the youngest Indian to feature on the Forbes List and is amongst the 10 youngest billionaires in the world.<ref>{{cite news|url=http://findarticles.com/p/news-articles/dna-daily-news-analysis-mumbai/mi_8111/is_20100813/db-realty-allots-rs-1000/ai_n54816956/ |title=DB Realty allots Rs 1,000 cr for the acquisition of projects &#124; DNA : Daily News & Analysis; Mumbai &#124; Find Articles at BNET |via=FindArticles |date=2010-08-13 |accessdate=2011-02-09 }} {{Dead link|date=February 2012|bot=RjwilmsiBot}}</ref><ref>{{cite web|url=http://www.rediff.com/business/slide-show/slide-show-1-the-ups-and-downs-in-the-db-realty-story/20110210.htm |title=The ups and downs in the DB Realty story |publisher=Rediff.com |date=2010-12-31 |accessdate=2011-02-10}}</ref> He was ranked by ''[[Forbes]]'' as India's 50th richest man in 2010.<ref>{{Cite web|date=2011-02-10|title=Balwa is India's youngest billionaire|url=https://indianexpress.com/article/news-archive/web/balwa-is-indias-youngest-billionaire/|access-date=2020-09-15|website=The Indian Express}}</ref><ref name="forbes1">{{cite news|url=https://www.forbes.com/lists/2009/77/india-billionaires-09_Shahid-Balwa_XZ4I.html |title=#50 Shahid Balwa |work=Forbes |date= 18 November 2009|accessdate=2011-02-09}}</ref><ref name="indiatimes1">{{cite news |author=Nauzer K Bharucha |date=10 February 2011 |title=Shahid Balwa: From college dropout to billion-dollar realtor |work=[[The Times of India]] |url=https://timesofindia.indiatimes.com/india/Shahid-Balwa-From-college-dropout-to-billion-dollar-realtor/articleshow/7464553.cms |url-status=live |access-date=2011-02-11 |archive-url=https://web.archive.org/web/20121104192304/http://articles.timesofindia.indiatimes.com/2011-02-10/india/28545495_1_shahid-balwa-kakade-infrastructure-bandra |archive-date=4 November 2012}}</ref>


==2G Case==
==2G Case==
Balwa was arrested for his role in the [[2G spectrum case]] by the CBI on 9 February 2011 on the allegation that DB group transferred {{INR}} 2 billion to a media company owned by members of the DMK party.<ref>{{cite web|url=https://www.bloomberg.com/bw/magazine/content/11_25/b4233013968530.htm|title=India's Powerful Can't Escape Jail|author=Mehul Srivastava|work=Bloomberg Businessweek}}</ref> Former Telecom minister [[A. Raja]] allegedly helped Swan bag licences for 13 circles, including Mumbai and Delhi, for {{INR}} 15.37 billion.<ref>{{Cite web|date=2011-02-09|title=2G scam: CBI arrests DB Realty MD Shahid Balwa|url=https://www.dnaindia.com/mumbai/report-2g-scam-cbi-arrests-db-realty-md-shahid-balwa-1505209|access-date=2020-09-15|website=Daily News and Analysis}}</ref><ref>{{cite news|url=http://www.thehindu.com/news/national/article1169122.ece |title= 2G spectrum case : CBI arrests Shahid Balwa |work=The Hindu |date=2011-02-09 |accessdate=2011-11-03 |location=Chennai, India}}</ref> DB realty is one among the companies that purchased 2G licenses in 2008. DB Reality floated Swan Telecom.<ref>{{cite web|url=http://www.ndtv.com/article/india/shahid-balwa-arrested-in-2g-scam-case-84235 |title= Shahid Balwa arrested in 2G scam – ndtv.com India |publisher=NDTV |date=2011-02-09 |accessdate=2011-11-03}}</ref> The CBI also arrested two executives on 29 March 2011 including the brother of Balwa, Asif Balwa.<ref>{{Cite web|title=2G scam: CBI arrests Shahid Balwa's brother Asif Balwa|url=https://www.ndtv.com/india-news/2g-scam-cbi-arrests-shahid-balwas-brother-asif-balwa-451470|access-date=2020-09-15|publisher=NDTV}}</ref><ref>{{cite web|url=http://www.dnaindia.com/india/report_cbi-arrests-shahid-balwa-s-brother-in-2g-scam_1525846 |title= CBI arrests Shahid Balwa's brother in 2G scam |work=Daily News and Analysis |date=2011-03-29 |accessdate=2011-11-03}}</ref> A Delhi high-court on 29 November 2011 accepted the bail plea of Shahid Balwa and other under-trials.<ref>{{Cite news|agency=Press Trust of India|date=2011-11-29|title=2G case: Shahid Balwa granted bail|work=The Hindu|url=https://www.thehindu.com/news/national/2g-case-shahid-balwa-granted-bail/article2671268.ece|access-date=2020-09-15|issn=0971-751X}}</ref> On 21 December 2017, a Supreme Court appointed Special CBI Court acquitted him of all charges relating to his role in this case.<ref>{{Cite web|date=21 December 2017|title=IN THE COURT OF O. P. SAINI: SPL. JUDGE, CBI (04) (2G SPECTRUM CASES), NEW DELHI|url=http://www.thehindu.com/news/national/tamil-nadu/article22122355.ece/BINARY/2GCBIVsRaja|website=[[The Hindu]]}}</ref>
Balwa was arrested for his role in the [[2G spectrum case]] by the CBI on 9 February 2011 on the allegation that DB group transferred {{INR}} 2 billion to a media company owned by members of the DMK party.<ref>{{cite web|url=https://www.bloomberg.com/bw/magazine/content/11_25/b4233013968530.htm|title=India's Powerful Can't Escape Jail|author=Mehul Srivastava|work=Bloomberg Businessweek}}</ref> Former Telecom minister [[A. Raja]] allegedly helped Swan bag licences for 13 circles, including Mumbai and Delhi, for {{INR}} 15.37 billion.<ref>{{Cite web|date=2011-02-09|title=2G scam: CBI arrests DB Realty MD Shahid Balwa|url=https://www.dnaindia.com/mumbai/report-2g-scam-cbi-arrests-db-realty-md-shahid-balwa-1505209|access-date=2020-09-15|website=Daily News and Analysis}}</ref><ref>{{cite news|url=http://www.thehindu.com/news/national/article1169122.ece |title= 2G spectrum case : CBI arrests Shahid Balwa |work=The Hindu |date=2011-02-09 |accessdate=2011-11-03 |location=Chennai, India}}</ref> DB realty is one among the companies that purchased 2G licenses in 2008. DB Reality floated Swan Telecom.<ref>{{cite web|url=http://www.ndtv.com/article/india/shahid-balwa-arrested-in-2g-scam-case-84235 |title= Shahid Balwa arrested in 2G scam – ndtv.com India |publisher=NDTV |date=2011-02-09 |accessdate=2011-11-03}}</ref> The CBI also arrested two executives on 29 March 2011 including the brother of Balwa, Asif Balwa.<ref>{{Cite web|title=2G scam: CBI arrests Shahid Balwa's cousin brother Asif Balwa|url=https://www.ndtv.com/india-news/2g-scam-cbi-arrests-shahid-balwas-brother-asif-balwa-451470|access-date=2020-09-15|publisher=NDTV}}</ref><ref>{{cite web|url=http://www.dnaindia.com/india/report_cbi-arrests-shahid-balwa-s-brother-in-2g-scam_1525846 |title= CBI arrests Shahid Balwa's brother in 2G scam |work=Daily News and Analysis |date=2011-03-29 |accessdate=2011-11-03}}</ref> A Delhi high-court on 29 November 2011 accepted the bail plea of Shahid Balwa and other under-trials.<ref>{{Cite news|agency=Press Trust of India|date=2011-11-29|title=2G case: Shahid Balwa granted bail|work=The Hindu|url=https://www.thehindu.com/news/national/2g-case-shahid-balwa-granted-bail/article2671268.ece|access-date=2020-09-15|issn=0971-751X}}</ref> On 21 December 2017, a Supreme Court appointed Special CBI Court acquitted him of all charges relating to his role in this case.<ref>{{Cite web|date=21 December 2017|title=In the Court of O. P. Saini: Spl. Judge, CBI (04) (2G Spectrum Cases), New Delhi |url=http://www.thehindu.com/news/national/tamil-nadu/article22122355.ece/BINARY/2GCBIVsRaja|website=[[The Hindu]]}}</ref>


==Charitable work==
==Charitable work==
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[[Category:Businesspeople from Mumbai]]
[[Category:Businesspeople from Mumbai]]
[[Category:Indian prisoners and detainees]]
[[Category:Indian prisoners and detainees]]
[[Category:Gujarati people]]
[[Category:Gujarati businesspeople]]
[[Category:Businesspeople from Gujarat]]
[[Category:Businesspeople from Gujarat]]
[[Category:2G spectrum case]]
[[Category:2G spectrum case]]

Latest revision as of 09:13, 15 November 2024

Shahid Balwa
Born
Gujarat, India
Occupation(s)Promoter, DB Group[1] & Managing Director, DB Group
SpouseAsimah Balwa

Shahid Usman Balwa (born 1974) is an entrepreneur based in Mumbai, Maharashtra, India. He is one of the promoters of Mumbai-based DB Group.[2]

Early and personal life

[edit]

Balwa comes from the Chilya Sunni Muslim community, and his forefathers were from Gujarat.

Forbes billionaire

[edit]

In 2010, Balwa was the youngest Indian to feature on the Forbes List and is amongst the 10 youngest billionaires in the world.[3][4] He was ranked by Forbes as India's 50th richest man in 2010.[5][6][7]

2G Case

[edit]

Balwa was arrested for his role in the 2G spectrum case by the CBI on 9 February 2011 on the allegation that DB group transferred ₹ 2 billion to a media company owned by members of the DMK party.[8] Former Telecom minister A. Raja allegedly helped Swan bag licences for 13 circles, including Mumbai and Delhi, for ₹ 15.37 billion.[9][10] DB realty is one among the companies that purchased 2G licenses in 2008. DB Reality floated Swan Telecom.[11] The CBI also arrested two executives on 29 March 2011 including the brother of Balwa, Asif Balwa.[12][13] A Delhi high-court on 29 November 2011 accepted the bail plea of Shahid Balwa and other under-trials.[14] On 21 December 2017, a Supreme Court appointed Special CBI Court acquitted him of all charges relating to his role in this case.[15]

Charitable work

[edit]

His charitable activities are in the field of health and education. They include the Balwas High School and Charitable Medical Institution in Phirozpura, Gujarat.[16]

References

[edit]
  1. ^ "2G spectrum case : CBI arrests Shahid Balwa". The Hindu. 8 February 2011. Retrieved 9 February 2011.
  2. ^ "Kanimozhi, A Raja, 15 others acquitted in 2G scam – Rediff.com India News". Rediff.com. Retrieved 1 January 2018.
  3. ^ "DB Realty allots Rs 1,000 cr for the acquisition of projects | DNA : Daily News & Analysis; Mumbai | Find Articles at BNET". 13 August 2010. Retrieved 9 February 2011 – via FindArticles. [dead link‍]
  4. ^ "The ups and downs in the DB Realty story". Rediff.com. 31 December 2010. Retrieved 10 February 2011.
  5. ^ "Balwa is India's youngest billionaire". The Indian Express. 10 February 2011. Retrieved 15 September 2020.
  6. ^ "#50 Shahid Balwa". Forbes. 18 November 2009. Retrieved 9 February 2011.
  7. ^ Nauzer K Bharucha (10 February 2011). "Shahid Balwa: From college dropout to billion-dollar realtor". The Times of India. Archived from the original on 4 November 2012. Retrieved 11 February 2011.
  8. ^ Mehul Srivastava. "India's Powerful Can't Escape Jail". Bloomberg Businessweek.
  9. ^ "2G scam: CBI arrests DB Realty MD Shahid Balwa". Daily News and Analysis. 9 February 2011. Retrieved 15 September 2020.
  10. ^ "2G spectrum case : CBI arrests Shahid Balwa". The Hindu. Chennai, India. 9 February 2011. Retrieved 3 November 2011.
  11. ^ "Shahid Balwa arrested in 2G scam – ndtv.com India". NDTV. 9 February 2011. Retrieved 3 November 2011.
  12. ^ "2G scam: CBI arrests Shahid Balwa's cousin brother Asif Balwa". NDTV. Retrieved 15 September 2020.
  13. ^ "CBI arrests Shahid Balwa's brother in 2G scam". Daily News and Analysis. 29 March 2011. Retrieved 3 November 2011.
  14. ^ "2G case: Shahid Balwa granted bail". The Hindu. Press Trust of India. 29 November 2011. ISSN 0971-751X. Retrieved 15 September 2020.
  15. ^ "In the Court of O. P. Saini: Spl. Judge, CBI (04) (2G Spectrum Cases), New Delhi". The Hindu. 21 December 2017.
  16. ^ "Who is Shahid Balwa?". Mid-Day. 14 February 2011. Retrieved 15 September 2020.
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