Ramesh Chandra was bornon 1939 in India. Worth over $11 billion at his peak in 2007, Ramesh Chandra has yet to regain his billionaire status. His property developer Unitech, which he started in 1972, fell into trouble after it got embroiled in a telecom corruption scandal that led to younger son Sanjay being jailed for seven months last year. It recently settled a long-running dispute with partner Telenor by agreeing to sell its close to one third stake in their Uninor, whose telecom licenses were cancelled in the wake of a corruption scandal to the Norwegian firm. In a bid to reduce its $1 billion debt, Unitech is reportedly in talks with private equity firms to sell its two special economic zones and an IT park. A trained engineer, his wife is a doctor. Their family foundation has funded a school in Gurgaon.
Ramesh Chandra was jailed on 11 January 2016 on charges of cheating
In 2011, Sanjay Chandra was implicated in the 2G spectrum case and was arrested by the Central Bureau of Investigation
He moved into real estate and civil engineering in 1985 to build middle-class homes and completed many prestigious projects in Gurgaon, UP, and Libya, among other middle-eastern countries
Ramesh Chandra (born 1939/40) is the founder Indian Real estate company Unitech
Ramesh Chandra, was born in 1938/40 to a banker, and spent his formative years in Farrukhabad, a town in Uttar Pradesh