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Fortis co-founder Shivinder Singh to step down; join spiritual organization

  •   Wed, Sep 23 2015 03:32:14 PM

New Delhi, Sep 23 (PTI): Fortis Healthcare Executive Vice-Chairman Shivinder Mohan Singh is stepping down from his position to join a philosophical and spiritual organisation Radha Soami Satsang Beas headquartered near Amritsar.

Singh (40), who is the co-founder of the healthcare chain will become the Non-Executive Vice-Chairman with effect from January 1, 2016, the company said in a statement.

Commenting on his decision to step down from active role in the firm, Singh said: "Having spent almost two decades setting up and running Fortis, our mission of saving and enriching lives is an integral part of my being. Over time this has inspired me to do more direct service and give back to society a little of what I have received in abundance."

Singh said he had requested for 'Sewa' at Radha Soami Beas, headquartered near Amritsar.

"I am fortunate to have been accepted. I will move to Dera, Beas post transitioning my executive responsibilities at Fortis," he said.

Supporting his younger brother's decision, Fortis Executive Chairman Malvinder Singh said: "It is not always that one gets to commit oneself in the service of the society and I am delighted that Shivinder is taking this step at this phase of his life."

Shivinder's contribution to the creation and evolution of Fortis as the leading healthcare delivery organisation of India has been tremendous, Malvinder added.

Singh founded Fortis Healthcare with his elder brother Malvinder Mohan Singh in late 1990s. The brothers sold their stake in Ranbaxy to Japanese drug major Daiichi Sankyo in 2008.

Singh is also one of the principal promoters of Religare Enterprises Ltd, Super Religare Laboratories Ltd and Religare Technologies Ltd.

He did MBA with specialisation in health sector management from the Duke University Business School, USA. He is an alumnus of Doon School and did Honours in Mathematics from St Stephens College.

The Fortis Healthcare chain comprise hospitals, diagnostics and day care speciality facilities. Currently, the company operates its healthcare delivery services in India, Dubai, Mauritius and Sri Lanka with 54 healthcare facilities (including projects under development), approximately 10,000 potential beds and 260 diagnostic centres.
  

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Comment on this article

  • Vantage Point, Mangaluru

    Wed, Sep 23 2015

    But it would have been better he stayed there and made healthcare cheaper....This would have also been a mode of spiritual upliftment...I heard Fortis is one among the hospital which charges too much ...Anyways money cant bring Peace...This is universal truth

    DisAgree [1] Agree [9] Reply Report Abuse

  • R.Bhandarkar, Mangaluru

    Wed, Sep 23 2015

    1. It happens sometimes.
    2. Excess money does a lot of things to people.Some get it right,some wrong. Look at Gautham Buddha.
    3. Is 'renouncing' worldly , material things everything?
    4. While doing research on point no.3...I came across a poem by the great Purandaradasa which said...
    'Geru Haninali Beeja' meaning be like the 'Cashew Nut' in the 'Cashew Fruit'...Attached Yet Detached...Got his point?
    Is it possible??
    5. Being a 'Romantic' and a 'poet'(!) of sorts was also hindering me to give up you see..
    6. In any case this chap has so much to renounce...I do not have that much luggage and belongings..
    7.Hope this man has not joined the
    'Radhe Maa' group o something..
    Very frightening groups there are nowadays here and worldwide...

    DisAgree [1] Agree [9] Reply Report Abuse


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