Raunaq Singh was one of India’s first industrialists who became wildly successful after our country gained independence. He founded the Raunaq Group of Industries.
Under the Raunaq group, the other major listed companies are Apollo Tyres Ltd, Bharat Steel Turbo Ltd, Menarim Raunaq Pharma Ltd, Bharat Gears Raunaq Automotive Components Ltd, and Raunaq International Ltd.
The birth year of Raunaq Singh is 1922. His early life was a struggling one, but later, he gained an influential stature in the business industry.
There was a time when he could not afford more than one paisa per day for food, and on the contrary, when he took retirement, he had 9000 employees working for his company on a payroll.
To mark the Indian industry on the world map, he worked a day in and out without getting tired. Raunaq Singh had many important positions held in Associations that dealt with trade and industry like the FICCI, ASSOCHAM, and EEPC.
He was the chairperson of the Automotive Tyre Manufacturers Association and President of the Indian Export Organization.
Raunaq Singh won many awards. He was often called “Mr. Exporter” as he was much into the export and export promotion of Indian goods.
His work was also acknowledged internationally as he was chosen to be a member of the International Chamber of Commerce, Paris, for three years.
He also got awarded nationally and internationally for his skills as an entrepreneur. He breathed his last on 30th September 2002.