Sunil Vaswani
Sunil Vaswani | |
|---|---|
| Born | July 11, 1963 Jaipur, India |
| Occupation | Entrepreneur |
| Years active | Since early 1980s |
| Known for | Chairman of the Stallion Group |
Sunil Vaswani (born 11 July 1963) is a Nigerian billionaire entrepreneur originally from India and serves as the chairman of the Stallion Group, a diversified conglomerate headquartered in Dubai. The company operates across various industries including automotive, commodities, food production, steel fabrication, plastics, packaging, petrochemicals, port management, and technology. The Stallion Group maintains a strong operational footprint throughout Asia, the Middle East, and Africa. As of April 2020, Vaswani’s estimated net worth stood at US$1.6 billion.
Early life
Sunil Vaswani was born on 11 July 1963 in Jaipur to Sundar D Vaswani. Raised in Nigeria, he completed his education in London with a degree specializing in economics and accounting. Forbes Middle East recognized him as the top-ranked "Indian Leader in the Arab World" in both 2015 and 2016.
His younger siblings, Haresh and Mahesh Vaswani, are also active participants in the family’s Dubai-based enterprise.
Career
At the age of 21, Vaswani assumed control of his father’s trading business in Nigeria. In 2003, following legal challenges related to alleged duty evasion which resulted in his deportation, he relocated to the UAE; however, no misconduct was ultimately established and the family returned. According to the Sunday Times Rich List in 2021, his net worth was valued at £1.159 billion.
Personal life
Vaswani lives in Dubai with his wife Rita. He holds citizenships from Nigeria and the United Kingdom and is of Sindhi descent.