10 months ago
Former Fortis Promoter Shivinder Singh Eyes Healthcare Re-entry Amid Insolvency
Shivinder Singh, who used to run big healthcare companies like Fortis, is thinking about starting a new business in healthcare.
He wants a smart young person to help him build this new company from the very beginning.
This is happening even though he is currently dealing with a lot of money problems, including asking a court if he can be declared unable to pay his debts.
People online seem excited to see him try again.
Shivinder Mohan Singh, former promoter of Fortis Healthcare, Religare, and Ranbaxy Laboratories, hinted at a comeback in the healthcare sector via a LinkedIn post.
He is seeking a sharp, young professional to work closely with him on building a new organization from scratch in the healthcare sector.
Singh is currently undergoing personal insolvency proceedings at the National Company Law Tribunal (NCLT).
His financial difficulties are largely due to a significant recovery claim by Daiichi Sankyo and liabilities related to RHC Holding.
His LinkedIn post has garnered positive engagement, with many welcoming his potential return to the industry.
- Who
- Shivinder Mohan Singh, former promoter of Fortis Healthcare, Religare, and Ranbaxy Laboratories.
- What
- Announced plans for a new venture in the healthcare sector and is seeking a young professional to assist him, despite facing personal insolvency proceedings.
- Where
- The announcement was made on LinkedIn, and the legal proceedings are before the National Company Law Tribunal (NCLT).
- When
- His announcement was made via a LinkedIn post, and his personal insolvency plea is scheduled for a hearing on May 20.
- Why
- He aims to build a business from scratch in healthcare, drawing on his experience and lessons learned over the past decade.
Supporters of Singh's Comeback
Critics and Skeptics
Potential for Growth
Supporters of Singh's Comeback
Singh's experience and determination could lead to a successful new venture.
Critics and Skeptics
His past financial mismanagement and legal issues raise concerns about his ability to lead a new company.
Key facts
- Who
- Shivinder Mohan Singh (Former promoter of Fortis Healthcare, Religare, Ranbaxy Laboratories)
- What
- Announced a comeback in the healthcare sector and is seeking a young professional to work with him.
- When
- LinkedIn post shared recently; NCLT hearing for insolvency plea scheduled for May 20.
- Where
- LinkedIn; National Company Law Tribunal (NCLT)
- Why
- Seeking to leverage past experience and a 'deeper resolve' to build a new business in healthcare after facing legal and financial challenges.
- Financial Distress Source
- ₹3,500 crore recovery claim by Daiichi Sankyo, asset attachment, and liabilities from RHC Holding Pvt. Ltd.
Quotes
Shivinder Mohan Singh
Erstwhile billionaire and former promoter of Fortis Healthcare, Religare, and Ranbaxy Laboratories
“The making of a great business has a prerequisite; a clear vision, unwavering purpose, systemic values and the right kind of people with a good work ethic.”
livemint.com
“I am preparing for another innings in healthcare with greater experience and a deeper resolve, shaped by the humbling events of the past decade.”
livemint.com
