21-08-2012, 10:53 AM
Gracious and Dynamic of Sanjay Chandra
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The story of gracious and dynamic of Sanjay Chandra can be described as sad in the sense that after touching dizzy heights, he is witnessing total fall from grace. Son of engineer father and doctor mother,Sanjay was among the brightest young corporate honchos before he was caught in 2G scam. A boy from Mayfair Garden,a posh area of Sindhi community of South Delhi,was chiefly responsible for taking Unitech Ltd to top in realty sector. He was the face of the company. Agreed,his father Ramesh, a civil engineer from IIT-Kharagpur, established Unitech, but it was Sanjay who built it to become India's secondlargest listed realty company. Extremely dignified Sanjay's entry in the telecom sector proved bad for him. Sanjay's decision to make his presence felt even in telecom world gone horribly wrong, putting at risk his future and embroiling him in India's biggest corruption scandal. His old friends say when Sanjay returned from the United States in 2001 with a business management degree, Unitech was making baby steps in realty sector. Sanjay Chandra was destined to make big in his career. That he proved when he topped his MBA examination from prestigious at Boston University, USA. Sanjay has been responsible for the launch of various projects of the company. He was also responsible for diversifying the company into the telecom business and is the Chairman of Unitech Wireless, which has its services under the brand of Uninor. However,his decision to move to totally unrelated business proved bad for him. Unitech Wireless won licences to start telecom services under controversial circumstances. CBI,which is investingating the matter,claims Sanjay was involved in shady deals. He has been charged with forgery and cheating. There is allegation that Sanjay conceled information while applying and benefitted illegally. The CBI is probing if Unitech took an advance of Rs 1,700 crore in 2007 from a Tata group entity, Tata Realty and Infrastructure Limited, and if this cash was used to buy a pan-India mobile permit. Those who know Sanjay credit him for his ability to think big and out of the box and work hard to achieve his goals. But an excess of ambition is considered as his main weaknesses. Sanjay Chandra was destined to make big in his career. That he proved when he topped his MBA examination from prestigious at Boston University, USA. With Unitech since 2001, he has been responsible for the launch of various projects of the company. He is also responsible for diversifying the company into the telecom business and is the Chairman of Unitech Wireless, which has its services under the brand of Uninor. In my earlier avtaar as a print journalist, I met Sanjay several times and he always impressed me with his deep knowledge of various subjects ranging from realty to religion and from medicine to films. It is sad that such a bright corporate honcho of India inc is facing so many serious charges.