Pankaj Oswal is an

Indian Indian or Indians may refer to: Peoples South Asia * Indian people, people of Indian nationality, or people who have an Indian ancestor ** Non-resident Indian, a citizen of India who has temporarily emigrated to another country * South Asia ...

businessman. He was the chairman and sole founder of Burrup Holdings Limited, a

Perth Perth is the capital and largest city of the Australian state of Western Australia. It is the fourth most populous city in Australia and Oceania, with a population of 2.1 million (80% of the state) living in Greater Perth in 2020. Perth is ...

, Australia based company and one of the world's largest liquid

ammonia Ammonia is an inorganic compound of nitrogen and hydrogen with the formula . A stable binary hydride, and the simplest pnictogen hydride, ammonia is a colourless gas with a distinct pungent smell. Biologically, it is a common nitrogenous was ...

production companies. Oswal has an estimated fortune of over A$3 billion.

Personal life

Pankaj is the son of Abhay Kumar Oswal, founder of Oswal Agro Mills and Oswal Greentech which are currently managed by his brother

Shael Oswal Shael Oswal (born 28 May 1978) is an Indian pop singer, entrepreneur, and scion of an affluent business family. Background and personal life Shael Oswal was born on 28 May 1978 in Ludhiana, Punjab, His father Abhey Kumar Oswal was a textile bu ...

. He grew up in India and studied at

Manipal Institute of Technology Manipal Institute of Technology (shortened MIT Manipal) (formerly Manipal Engineering College) is a private constituent institution of Manipal Academy of Higher Education that specializes in engineering. MIT contains 17 academic departments an ...

. After graduating, he worked in several of his father's enterprises. He is married to Radhika Oswal; the couple has two daughters.

Controversy

Pankaj and his wife were accused of embezzling upwards of $150 million from Burrup Holdings to fund a lifestyle of private jets, yachts, luxury cars, and building a 'Taj Mahal' on the Swan River in Perth. All lawsuits came to an end for the Oswals in 2016. In August 2016, Pankaj and Radhika Oswal settled their high-profile lawsuit against

ANZ Bank ANZ may refer to: People * Anz (musician), a British DJ and electronic musician Banks * ANZ (bank), Australia and New Zealand Banking Group Limited, the fourth-largest bank in Australia ** ANZ Bank New Zealand, the largest bank in New Zealand ...

over their Burrup Fertiliser business. The Oswals had accused ANZ staff of acting in a bigoted manner towards them, emphasising their background as Indian nationals. They had also claimed ANZ's former chief risk officer Chris Page had used physical force by putting Mr. Oswal in a headlock to force them to sign a guarantee over their shares that led to the forced sale of their stake. ANZ chief legal counsel was also accused of telling Mrs. Oswal she and her husband would go to jail and their children would be orphans if they did not sign the guarantee. ANZ paid an undisclosed amount to Mr. and Mrs. Oswal for taking over Burrup Fertiliser Business without giving due consideration clearing their names from all allegations received.

References

External links

Pankaj Oswal Official Blog
{{DEFAULTSORT:Oswal, Pankaj Living people Australian businesspeople Rajasthani people Businesspeople of Indian descent Manipal Academy of Higher Education alumni Year of birth missing (living people)