Once the proceeds of the Ranbaxy sale were received, the Singh brothers paid nearly Rs2,000 crore in taxes and previous loan repayments. In the first, being the head of the sect and a father figure to Singh brothers, Dhillon had an upper hand in the second, equal partners Malvinder and Shivinder were led by Malvinder in the third, Godhwani, being backed by the Dhillons, pretty much ran Religare independently.īut it all begins and ends with money. There are three dimensions to the Singh potboiler-Singh brothers' relationship with Dhillon their ties with each other and the relationship with Godhwani.
Thus, Dhillon is the brothers' maternal uncle. Charan Singhs daughter Nimmi Singh is Malvinder & Shivinders mother and wife of Late Parvinder Singh. Dhillon has headed the sect since inheriting it in 1990 from maternal uncle Charan Singh who was the spiritual guru between 19. The sect is a 1918 breakaway faction of the Radha Soami sect founded at Agra in 1861 by Shiv Dayal Singh. It has over 5,000 centres that can accommodate between 50 and 5 lakh people during congregations. RSSB has over two million followers and a vast land bank across the country.
Dhillon battled cancer and recovered from it in 2013. The head of RSSB works pro bono, draws no salary nor any benefits from the sect. But before we get to that, let's understand the family dynamics between the Baba, Gurinder Singh Dhillon, the brothers and family confidante Sunil Naraindas Godhwani.ĭhillon-better known as 'Babaji' or the 'Saint of Beas' is the spiritual guru of the Radha Soami Satsang Beas (RSSB). The answer lies hidden in a maze of a dozen companies. Such decimation of a flourishing and diversified empire within a decade is unprecedented in India's corporate history.
This has ultimately led to insignificant shareholding remaining with us in these businesses," Malvinder and Shivinder Singh said in a joint email response to our questions. "Today we have lost control of all our key businesses - Fortis, SRL and Religare in our committed effort to repay our debts and also as a result of invocation of pledged shares by the banks. But, for the first time ever, here is the inside story of how the brothers not just lost their wealth but also their companies and reputation. For long, the Singh brothers kept their fall from grace a closely guarded secret, avoiding meetings and discussions on the topic.
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