G. R. Gopinath Net Worth

Entrepreneur




G. R. Gopinath’s net worth is estimated at $1 Million – $5 Million.
G. R. Gopinath was born on 13 November, 1951 in Karnataka, India, is an Indian entrepreneur. Find out about the life of this billionaire, including G. R. Gopinath’s net worth, age, family, dating life, salary, and assets.

Popular As N/A
Occupation N/A
Age 70 years old
Zodiac Sign Scorpio
Born 13 November 1951
Birthday 13 November
Birthplace Karnataka, India
Nationality Indian

What is G. R. Gopinath’s net worth?

G. R. Gopinath’s net worth has been growing in 2020-2021.G. R. Gopinath is 70 years old and has a net worth of $1 Million – $5 Million.

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Early Life: Source Wikipedia

2014

In 2014, he unsuccessfully contested Lok Sabha elections on the ticket of Aam Aadmi Party

2009

In 2009 Gopinath contested as an independent candidate in Bangalore South constituency at the Lok Sabha elections but was defeated

Gopinath used the money from the UB Group deal to start Deccan 360, a cargo airline, in May 2009. But that enterprise too was squeezed by a severe cash crunch and shut shop in 2011. The same year, Gopinath became the 100% owner of Deccan Charters by purchasing the stake Mallya held in the company as part of the 2007 deal. The following year, Gopinath launched daily charter flights in the state of Gujarat under the brand name of Deccan Shuttles. The flights connected Ahmedabad, Surat, Jamnagar, Bhavnagar and Kandla using a nine-seater Cessna Grand Caravan aircraft. The service wound up in 2013. In April 2017, Deccan charters bid for and won 34 regional Indian routes under the UDAN scheme. Operating under the brand name Air Deccan, it will commence operations in December 2017 with flights between Mumbai and Nashik. Air Deccan will operate 19-seater Beechcraft 1900D turboprop aircraft that are suitable for short-haul flights. The airline has plans to connect Delhi, Mumbai, Kolkata and Shillong to regional towns in the vicinity of these cities.

2008

During the merger process of Kingfisher with Air Deccan, the Charter services division of Deccan Aviation was transferred into a new company named Deccan Charters Limited after it received its Non-Scheduled Air Operator Permit (NSOP) from the DGCA on 10 October 2008. During that period, the Charter operations continued to perform satisfactorily and increased its presence in off shore flying for the oil sector.

2006

In May 2006 he was knighted with “Chevalier de la Legion d’Honneur” the first civilian award conferred by the French Government. He has received many awards for Air Deccan.

2003

Inspired by the success of Southwest Airlines in the United States and Ryanair in Europe, Deccan Aviation launched India’s first low-cost airline, Air Deccan in 2003. Deccan Aviation went public in May 2006, however by then the airline was losing money. The following year, the Vijay Mallya lead UB group purchased a strategic 26 per cent stake in Deccan Aviation. At the time of purchase, Air Deccan connected sixty nine cities around India. Mallya merged the two airlines soon after and Capt. Gopinath sold most of his stake in the company in 2009.

1997

In 1997 he co-founded Deccan Aviation, a charter helicopter service. In 2003 Gopinath founded Air Deccan, a low cost airline; Air Deccan merged with Kingfisher Airlines in 2007. In 2009 he founded Deccan 360, a freight flight business. In July 2013, Deccan 360 was ordered to wind up by the Karnataka High Court order based on petitions filed by Dubai-based United Aviation Services (UAS) and another by M/s Patel Integrated Logistics (PIL) Pvt. Ltd. — seeking recovery of amounts due to them by winding up the company.

1996

The army life seemed to somehow tie him down. He took early retirement from Indian Army, at the age of 28. Upon retirement from the armed forces, he established an ecologically sustainable sericulture farm; his innovative methods earned him the Rolex Laureate Award in 1996. Next, he started the Malnad Mobikes (Enfield dealership) and opened a hotel in Hasan.

1992

Gopinath moved to Bengaluru in 1992 where he bumped into Captain K.J. Samuel, who was his friend in the army. Samuel was now a freelance pilot and was planning to set-up a commercial Helicopter service. In 1995, when the Indian government started a regulatory reforms process to encourage entrepreneurship, Gopinath partnered with Samuel and established Deccan Aviation. Deccan’s helicopters were chartered by most politicians and the company also got involved in many rescue missions in Sri Lanka, Nepal, Kabul and South India. The Company grew to become one of the largest private air charter company in India and Sri Lanka.

1971

After school, he earned a commission in the Indian Army, earning the rank of Captain. He spent eight years in the army and fought in the 1971 Bangladesh Liberation War.

1951

Gopinath was born in Melkote, mandya on 13 November 1951 and was brought up in Gorur (a remote village in Karnataka’s Hassan district). He was the second of eight children. Gopinath’s father; a school teacher and a Kannada novelist, believed that schools were systems of regimentation and was resolved to teach Gopinath at home. However, Gopinath was admitted to a Kannada medium school quite late and straight away he joined Standard V. In 1962, Gopinath cleared the admission test and joined Sainik School, Bijapur. The sainik school helped and prepared Gopinath to clear the NDA entrance exams. After 3 years of rigorous training, Gopinath completed education from the NDA. He then went on to graduate from the IMA.

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