CEO of Hindustan Construction Company

Ajit Gulabchand
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Long Business Description

Ajit Gulabchand (born 1948) is an Indian industrialist. Gulabchand is the chairman and Managing Director of Hindustan Construction Company. Gulabchand serves as chairman of the board of governance at National Institute of Construction Management & Research (NICMAR) and as chairman of Walchand College of Engineering, Sangli.


Gulabchand has been a Director of Indian Hume Pipe since 1993. He serves as Director of Hindustan Finvest, HCC Infotech, Hincon Technoconsult, Hincon Realty, Hincon Holdings, Ucchar Investments, Western Securities, LAVASA Corporation, Motorsports Association of India,, Champali Garden, Shalaka Investment, Gulabchand Foundation and as an independent, non-executive Director of Bajaj Electricals.

He is a founding member of the World Economic Forum's Disaster Resource Network and a member of the National Council of Confederation of Indian Industry (CII). He is a promoter of the Lavasa township, intended to be India's first new hill station since independence.

Personal life

Gulabchand is a scion of the Walchand family. Gulabchand took charge of Hindustan Construction Co. Ltd. after managing other large public companies promoted by the family. He also served as the Director of Brabourne Enterprises Ltd. from June 25, 1997, to June 16, 2008, and RPG Life Sciences Ltd. from June 25, 1997, to June 2008. He came from Digambara Jain family of Gujarat settled in Solapur and is son of Gulabchand Hirachand, where he possesses ancestral property. On interview with Newslaundry, author Tavleen Singh told that she is living with him for past 25 years.


Gulabchand graduated from Sydenham College, Mumbai University with a Bachelor's degree in commerce.