Shahid Balwa was born in India. College dropout migrated to Mumbai with his family from Gujarat to start a restaurant business. Moved into hotels, ending up partnering with Vinod Goenka in DB Realty and also in telecom outfit DB Etisalat. Their real estate firm currently has 60 million square feet under development. Projects include Turf Estate, a luxury high-rise, and the 108-storey Park Hyatt Hotel in South Mumbai that will be completed in 2013. Fitness fanatic works out every day. Both he and Vinod are rumored to be politically well-connected.
On the 21st of December, 2017, a Supreme Court appointed Special CBI Court acquitted him of all charges relating to his role in this case
A Delhi high-court on 29 November 2011 accepted the bail plea of Shahid Balwa and other under-trials
He was ranked by Forbes as India's 50th richest man in 2010
DB realty is one among the companies that purchased 2G licenses in 2008
He partnered with billionaire real estate developer Vinod Goenka to form DB Realty in 2006
Shahid Usman Balwa (born 1974) is an entrepreneur based in Mumbai, Maharashtra, India