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{{Use Indian English|date=February 2018}}
{{Use Indian English|date=February 2018}}
{{Use dmy dates|date=January 2020}}
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'''Ajay Goyal''' (born 12 July 1965) is a global entrepreneur, investor, philanthropist and writer. He is the founder, owner of Europe's first five star yoga themed sustainable resort hotel Zening Resorts<ref>Browne, Bejay. [http://cyprus-mail.com/2013/09/29/zening-a-lifestyle-not-a-holiday/ "Zening A Lifestyle Not A Holiday"], ''[[Cyprus Mail]]'', Nicosia, 29 September 2013.</ref> Goyal founded the Norasco Group in [[Cyprus]] in 1993 with branches in [[Switzerland]], [[Germany]], Russia, [[Ukraine]], [[Singapore]] and India . He is founder of over than 20 ventures. He is presently founder and CEO of AGV ( Ajay Goyal Ventures, a Norasco company), an E learning, E commerce, Travel, Reg Tech and Health Tech incubator investing in European startups. Goyal is author of book "''Uncovering Russia"''. Goyal was Publisher and Editor in Chief of ''[[The Russia Journal]]'' newspaper published from [[Moscow]] , Russia and [[Washington, D.C.|Washington DC]], United States group from 1998 until 2005.<ref>[http://www.mondotimes.com/1/world/ru/117/3902/9612 ''Russia Journal''], "Mondo Times, the worldwide media directory 2001-2009", Retrieved on 25 January 2014.</ref>
'''Ajay Goyal''' (born 12 July 1965) is a global entrepreneur, investor, philanthropist and writer. He is founder of Norwegian startup [https://forestsat.space/ ForestSAT] leveraging satellite [[Earth observation satellite|earth observation]] data to predict and prevent [[Wildfire|forest fires]] . Previously he was the founder, owner of Europe's first five star yoga themed sustainable resort hotel [https://zening.eu/ Zening Resorts] and provides consultancy and development of sustainable, long-stay communities and resorts for digital nomads. Goyal founded the Norasco Group in [[Cyprus]] in 1993 with branches in [[Switzerland]], [[Germany]], Russia, [[Ukraine]], [[Singapore]] and India. Goyal is author of book "''Uncovering Russia"''. Goyal was Publisher and Editor in Chief of ''[[The Russia Journal]]'' newspaper published from [[Moscow]] , Russia and [[Washington, D.C.|Washington DC]], United States group from 1998 until 2005.<ref>[http://www.mondotimes.com/1/world/ru/117/3902/9612 ''Russia Journal''], "Mondo Times, the worldwide media directory 2001-2009", Retrieved on 25 January 2014.</ref>


== Early life and education ==
== Early life and education ==


Goyal was born in [[Kurukshetra]], [[India]] in a family of esteemed academics. His father [https://professorgoyal.com/ J.B. Goyal, PhD], authored 30 published books on [[Hindi literature]] and [[Sikh culture|Sikh]] culture and was the Dean of faculty of the arts and languages at [[Kurukshetra University]] in India. His mother, a doctorate in literature, was a university professor.
Ajay Goyal was born in [[Kurukshetra]], [[India]] in a family of esteemed academics. His father Professor [https://professorgoyal.com/ J.B. Goyal, PhD], was awarded [[Padma Shri]] award by [https://www.aninews.in/news/national/general-news/prof-jaibhagwan-goyal-awarded-padma-shri-for-contribution-in-field-of-literature-education20211109121401/ President of India in 2021] for his contributions in the field of literature. Professor Goyal authored 30 published books on [[Hindi literature]] and [[Sikh culture|Sikh]] culture and was the Dean of faculty of the arts and languages at [[Kurukshetra University]] in India. His mother, Professor Pushpa Goyal was a doctorate in literature, and a university professor.
Goyal graduated ''cum laude'' with a Bachelor of Engineering in mechanical engineering from [[National Institute of Technology]] in Kurukshetra, India in 1986.
Goyal graduated ''cum laude'' with a Bachelor of Engineering in mechanical engineering from [[National Institute of Technology]] in Kurukshetra, India in 1986.
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In 1987, Goyal began his career on the Indian national television network [[Doordarshan]], where he was a quiz show host and an anchor for youth and cultural programs. He worked simultaneously for a year as an engineer and international business development executive at Indian export house Fortune International Ltd. He joined Mekaster India as an export executive to Eastern European markets in 1988.


Ajay Goyal worked as a Gameshow host and Moderator on the Indian national television network [[Doordarshan]], where he was a quiz show host, anchor for discussions and interviewed cultural icons. He worked simultaneously as international business development executive at Fortune International Ltd.
In 1989, Goyal left India to explore business opportunities in Germany and Eastern Europe. He was founding partner of Comecon Overseas Ltd in 1989 and relocated to Moscow during perestroika years. He founded a historic first joint venture Indian-Russian software technology company Eurolink in 1990. He founded a private equity and counter-trade company Norasco Ltd. in 1993 that grew to 240 employees and offices in six countries.<ref>[http://russiajournal.com/archive/The_Russia_Journal/2001/June/08.06.2001/Analysis/Jun.08-05.pdf "Norasco’s Goyal Makes Way For Goel"] {{webarchive|url=https://web.archive.org/web/20160303110317/http://russiajournal.com/archive/The_Russia_Journal/2001/June/08.06.2001/Analysis/Jun.08-05.pdf |date=2016-03-03 }}, ''[[The Russia Journal]]'', Moscow, 8–14 June 2001.</ref> Goyal invested in Russian privatization and acquired stakes in several industries in Russia. He became the single largest shareholder of SovTradeFinan Bank and served as Deputy Chairman of the Board to Chairman [[Viktor Gerashchenko|Viktor Geraschenko]], Chairman of [[Central Bank of Russia|State Bank of Russia]]. Goyal founded 8 dot com ventures in Russia.


In 1989, Goyal migrated to Europe and started ventures in Germany and Eastern Europe. He was founding partner of Comecon Overseas Ltd in 1989. He founded over 10 ventures in United States, the UK, Russia, Ukraine, Germany, Singapore and India from 1990 till 2005.
Goyal lived in Russia amidst political turmoil. In 1991, he spent days and nights in protest against the coup in human chains outside the Russian White House where [[Boris Yeltsin]] was taking a stand against the junta that ousted [[Mikhail Gorbachev]].<ref>Goyal, Ajay. "Introduction." Uncovering Russia. Moscow: Norasco Pub., 2003. 29. Print.</ref>
In 1997, Goyal wound up or sold his business interests, citing high corruption, crime, and western investors' irrational exuberance over Russia, and took a sabbatical at the [[Harvard Institute of International Development]] (HIID). In 1998, the Russian economy collapsed in default, and the [[1998 Russian financial crisis]] ensued.


From 1999 till 2005 he was publisher of The Russia Journal newspaper from Washington DC and Moscow. The media company created by Goyal launched several online ventures including an online and print classifieds website, a jobs portal, a dating site. The newspaper published by Goyal was launched in 1999 by Russian democratic politicians [[Boris Nemtsov]] and [[Irina Khakamada]] , was fiercely independent and published such well-known journalists and columnists as [[Andrey Piontkovsky]], [[Otto Latsis]], [https://www.rferl.org/author/yelena-rykovtseva/troyqq Yelena Rykovtseva], [https://johnhelmer.net/ John Helmer], [[Matt Taibbi]]. The newspaper was shutdown due to crackdown on Russian free media in 2005.
Goyal did not complete his program at [[Harvard]] and demanded his money back after disagreements with program director [[Jeffrey Sachs]] over its Russia aid programs. HIID was dissolved in 1999 after scandals and the [[Harvard Institute for International Development#Russian aid controversy|Russian Aid Controversy]] rocked Harvard's Russia programs.<ref>Fenton, Ben. [https://www.telegraph.co.uk/news/worldnews/europe/russia/1357035/86m-Russia-aid-scandal-hits-Harvard.html "£86m Russia Aid Scandal Hits Harvard"], ''[[The Daily Telegraph]]'', Washington, 27 September 2000.</ref> Goyal returned to Russia to launch new ventures.


In 2011, Goyal began the development of [https://zening.eu/ Zening Resorts,] a spiritual, yoga , meditation wellness resort concept in [[Cyprus]] .<ref>Browne, Bejay. [http://cyprus-mail.com/2013/09/29/zening-a-lifestyle-not-a-holiday/ "Zening A Lifestyle Not A Holiday"], ''[[Cyprus Mail]]'', Nicosia, 29 September 2013.</ref> The eco-friendly resort opened in 2013 as sustainable and holistic holiday resort in [[Latchi]], [[Paphos]], Cyprus. Zening has 145 luxury cottages and offers yoga, meditation, detox, spa treatments and mindfulness workshops.<ref>[http://zening.eu/ "Zening.eu"], Retrieved on 25 January 2014.</ref> Zening was Europe’s first resort dedicated to yoga, meditation, and wellness,<ref>[http://www.travelbite.co.uk/travel-news/2013/01/29/europe-s-first-dedicated-yoga-resort-to-open-in-cyprus "Europe’s First Yoga Resort To Open In Cyprus"] {{webarchive|url=https://web.archive.org/web/20140606233034/http://www.travelbite.co.uk/travel-news/2013/01/29/europe-s-first-dedicated-yoga-resort-to-open-in-cyprus |date=2014-06-06 }}, "TravelBite.co.uk", London, 29 January 2013.</ref> and was named one of Europe’s leading wellness resorts by ''[[Condé Nast Traveller]]''.<ref>Cusack, Jenny. [http://www.cntraveller.com/news/2013/july/travel-deals-12-july "Travel Deals of the Week"] {{Webarchive|url=https://web.archive.org/web/20130918033909/http://www.cntraveller.com/news/2013/july/travel-deals-12-july |date=18 September 2013 }}, ''Conde Nast Traveller'', 12 July 2013.</ref>
In 1998, Goyal founded ''[[The Russia Journal]]'', a newspaper published from Moscow, Russia and Washington D.C., United States that was distributed throughout Europe.<ref>{{Cite web |url=http://www.russiajournal.com/ |title=''The Russia Journal'' |access-date=25 January 2014 |archive-url=https://web.archive.org/web/20160220064959/http://russiajournal.com/ |archive-date=20 February 2016 |url-status=dead |df=dmy-all }}</ref> He served as Publisher and Chief Editor until the journal's last publication in 2005. ''The Russia Journal'' investigated Russian oligarchs and became known for its independence. The newspaper was known for its bold, uncompromising investigative coverage of Russia, where equal opportunity was given to reporters and columnists from the left and right. In 2000, The Russia Journal filed anti-monopoly complaints against the largest print media company of Russia.<ref>Kamakin, Andrew [http://old.nasledie.ru/politvnt/19_35/article.php?art=16 "A Small Publishing Company Quarreled with a Media Giant"], "Nasledie", Moscow, 2001.</ref>
The investigative and hard-hitting journalism of Goyal's newspaper in Russia made him a target for many threats and lawsuits from Russian oligarchs. He was an early supporter of President [[Vladimir Putin]] and a staunch critic of "Russia's Robber Barons," including [[Boris Berezovsky (businessman)|Boris Berezovsky]] and [[Mikhail Khodorkovsky]]. Goyal spoke out against the hypocrisies of certain western press organizations and businesses in a documentary titled ''Cold Politics'' that was broadcast on Russia's state-owned television channel [[Channel One Russia|ORT]] in the run up to the 2012 Presidential elections. During his years as publisher of ''The Russia Journal'', Goyal was the target of pranks from ''[[The eXile]]'''s [[Matt Taibbi]].<ref>Verini, James. [http://www.vanityfair.com/culture/features/2010/02/exile-201002 "Lost Exile"], ''Vanity Fair'', United States, 23 February 2010.</ref> Goyal ended up publishing Taibbi as a columnist for ''The Russia Journal'', and allowed Taibbi to publish his own criticism in the journal.<ref>Taibbi, Matt. [http://russiajournal.com/archive/The_Russia_Journal/2001/May/25.05.2001/Opinion/May.25-07.pdf "The eXile’s Taibbi reviews RJ’s Ajay Goyal"] {{Webarchive|url=https://web.archive.org/web/20140310113347/http://russiajournal.com/archive/The_Russia_Journal/2001/May/25.05.2001/Opinion/May.25-07.pdf |date=10 March 2014 }}, ''[[The Russia Journal]]'', Moscow, 25–31 May 2001.</ref><ref>[http://exiledonline.com/old-exile/117/letters.php "Letters"], ''The eXile'', 22 May 2001.</ref> Goyal praised Taibbi for his bold and truthful reporting from Russia when he left ''The eXile'' and Russia to work in the United States, and later became lead reporter at ''[[Rolling Stone]]'' magazine.<ref>Goyal, Ajay. [http://russiajournal.com/node/6071 "Free speech soon to be in eternal eXile"] {{Webarchive|url=https://web.archive.org/web/20100104212027/http://russiajournal.com/node/6071 |date=4 January 2010 }}, ''Russia Journal'', Moscow, 28 March 2002.</ref> Goyal and the newspaper were also a target for [[Mike McFaul]], former U.S. Ambassador to Russia and former professor at Stanford, who, after a slew of angry emails, threatened to sue ''The Russia Journal''.<ref>Taibbi, Matt. [http://exile.ru/articles/detail.php?ARTICLE_ID=6536&IBLOCK_ID=35 "I, Michael McFaul, Writes Good"] {{Webarchive|url=https://web.archive.org/web/20200117120625/http://exile.ru/articles/detail.php?ARTICLE_ID=6536&IBLOCK_ID=35 |date=17 January 2020 }}, ''The eXile'', Moscow, 16 May 2002.</ref> During his time in Russia, Goyal went on to create additional market-leading internet companies in news, classifieds, entertainment, and jobs. In 1999, he launched popular dating site match.ru, [https://web.archive.org/web/20040705082818/http://www.loot.ru/ Loot.ru], a Russian classifieds site. In 2005, he launched Russian career and jobs portal TheLeader.ru, and later launched Russian mortgage magazine Kakaya Ipoteka. In 2000, Goyal became the founding director of the Russian Digital Alliance, a club of Russian software companies.<ref>[http://www.pressroom.ru/release.php?id=22742 "IT Club Improving Management Structure"], "PressRoom!", Moscow, 8 September 2003.</ref> By 2005, sensing a change in political environment and enhanced risks for foreign investors, Goyal started to sell off his media assets and exited Russia once again. He then developed a slate of films, writing scripts and acquiring rights through Norasco Films Ltd.<ref>[http://norasco.eu/about-us "About Us"] {{webarchive|url=https://web.archive.org/web/20140311082036/http://norasco.eu/about-us |date=2014-03-11 }}, "Norasco Films", London, 30 September 2012.</ref> Goyal has been vocal in his support of Putin and the [[2014 Crimea referendum|Crimean Referendum]] to merge with the [[Russian Federation]].

In 2011, Goyal began the development of Zening Resorts, a spiritual, yoga , meditation wellness resort concept in [[Cyprus]] .<ref>Browne, Bejay. [http://cyprus-mail.com/2013/09/29/zening-a-lifestyle-not-a-holiday/ "Zening A Lifestyle Not A Holiday"], ''[[Cyprus Mail]]'', Nicosia, 29 September 2013.</ref> The eco-friendly resort opened in 2013 as sustainable and holistic holiday resort in [[Latchi]], [[Paphos]], Cyprus. Zening has 145 luxury cottages and offers yoga, meditation, detox, spa treatments, and a variety of workshops.<ref>[http://zening.eu/ "Zening.eu"], Retrieved on 25 January 2014.</ref> Zening is Europe’s first resort dedicated to yoga, meditation, and wellness,<ref>[http://www.travelbite.co.uk/travel-news/2013/01/29/europe-s-first-dedicated-yoga-resort-to-open-in-cyprus "Europe’s First Yoga Resort To Open In Cyprus"] {{webarchive|url=https://web.archive.org/web/20140606233034/http://www.travelbite.co.uk/travel-news/2013/01/29/europe-s-first-dedicated-yoga-resort-to-open-in-cyprus |date=2014-06-06 }}, "TravelBite.co.uk", London, 29 January 2013.</ref> and was named one of Europe’s leading wellness resorts by ''[[Condé Nast Traveller]]''.<ref>Cusack, Jenny. [http://www.cntraveller.com/news/2013/july/travel-deals-12-july "Travel Deals of the Week"] {{Webarchive|url=https://web.archive.org/web/20130918033909/http://www.cntraveller.com/news/2013/july/travel-deals-12-july |date=18 September 2013 }}, ''Conde Nast Traveller'', 12 July 2013.</ref>
ZENING’s launch in July 2013 was considered a major triumph in the resort’s early history as Goyal dealt with years of bureaucratic obstacles as a foreign investor. Goyal faced many problems from local contractors and organized crime that delayed the opening of the resort, and was eventually granted a meeting at the Presidential Palace to speak on issues facing foreign investors in Cyprus.<ref>Evripidou, Stefanos. [http://cyprus-mail.com/2013/06/13/harassed-foreign-investor-granted-palace-meeting/ "Harassed Foreign Investor Granted Palace Meeting"], ''[[Cyprus Mail]]'', Nicosia, 13 June 2013.</ref>
Goyal has created many ventures in Cyprus including a successful restaurant in [[Limassol]] and the first all-natural and herbal beauty spa in Limassol in partnership with [[Shahnaz Husain]] of [[India]].


== Political activity ==
== Political activity ==

Revision as of 19:18, 12 January 2024

Ajay Goyal (born 12 July 1965) is a global entrepreneur, investor, philanthropist and writer. He is founder of Norwegian startup ForestSAT leveraging satellite earth observation data to predict and prevent forest fires . Previously he was the founder, owner of Europe's first five star yoga themed sustainable resort hotel Zening Resorts and provides consultancy and development of sustainable, long-stay communities and resorts for digital nomads. Goyal founded the Norasco Group in Cyprus in 1993 with branches in Switzerland, Germany, Russia, Ukraine, Singapore and India. Goyal is author of book "Uncovering Russia". Goyal was Publisher and Editor in Chief of The Russia Journal newspaper published from Moscow , Russia and Washington DC, United States group from 1998 until 2005.[1]

Early life and education

Ajay Goyal was born in Kurukshetra, India in a family of esteemed academics. His father Professor J.B. Goyal, PhD, was awarded Padma Shri award by President of India in 2021 for his contributions in the field of literature. Professor Goyal authored 30 published books on Hindi literature and Sikh culture and was the Dean of faculty of the arts and languages at Kurukshetra University in India. His mother, Professor Pushpa Goyal was a doctorate in literature, and a university professor.

Goyal graduated cum laude with a Bachelor of Engineering in mechanical engineering from National Institute of Technology in Kurukshetra, India in 1986.

Career

Ajay Goyal worked as a Gameshow host and Moderator on the Indian national television network Doordarshan, where he was a quiz show host, anchor for discussions and interviewed cultural icons. He worked simultaneously as international business development executive at Fortune International Ltd.

In 1989, Goyal migrated to Europe and started ventures in Germany and Eastern Europe. He was founding partner of Comecon Overseas Ltd in 1989. He founded over 10 ventures in United States, the UK, Russia, Ukraine, Germany, Singapore and India from 1990 till 2005.

From 1999 till 2005 he was publisher of The Russia Journal newspaper from Washington DC and Moscow. The media company created by Goyal launched several online ventures including an online and print classifieds website, a jobs portal, a dating site. The newspaper published by Goyal was launched in 1999 by Russian democratic politicians Boris Nemtsov and Irina Khakamada , was fiercely independent and published such well-known journalists and columnists as Andrey Piontkovsky, Otto Latsis, Yelena Rykovtseva, John Helmer, Matt Taibbi. The newspaper was shutdown due to crackdown on Russian free media in 2005.

In 2011, Goyal began the development of Zening Resorts, a spiritual, yoga , meditation wellness resort concept in Cyprus .[2] The eco-friendly resort opened in 2013 as sustainable and holistic holiday resort in Latchi, Paphos, Cyprus. Zening has 145 luxury cottages and offers yoga, meditation, detox, spa treatments and mindfulness workshops.[3] Zening was Europe’s first resort dedicated to yoga, meditation, and wellness,[4] and was named one of Europe’s leading wellness resorts by Condé Nast Traveller.[5]

Political activity

In India’s 2009 General Elections, Goyal ran as an independent candidate for Indian parliament on an anti-corruption platform from Chandigarh.[6] He confronted national media on the use of "paid press."[7] In one of the first live election debates, he faced candidates from three major parties.[8] Goyal was noted for a transparent declaration of his wealth in election filings.[9] His campaign made many headlines for his door-to-door style which was unusual for Indian politics.[10] Goyal lost by a wide margin. However, the winning candidate, Pawan Bansal, who was also appointed Minister by Prime Minister Manmohan Singh, had to resign in a major bribery scandal.[11] After the elections, Goyal started a grass-root advocacy group called Lokmantra in India.[12] He continues to campaign for greater awareness and participation in the democratic process, and remains actively engaged in philanthropic and social activities.

Philanthropy

In 2007, Goyal founded Gandhi's London social group which launched during the Indian festival of London.[13] The organization provides London visitors a tour of London landmarks linked with Mahatma Gandhi.[14][15][16] Goyal actively writes on climate change and green initiatives, and advises a number of senior Indian leaders on development issues. He wrote from the Copenhagen Climate Change summit COP 15 for ABC Live, an online Indian news portal from.

Authorship

Goyal is the author of the book "Uncovering Russia", which includes some of his own articles and analysis from The Russia Journal.[17] He has written over 100 analytical articles and reports on the Russian economic, business, and political conditions over the past several years.

References

  1. ^ Russia Journal, "Mondo Times, the worldwide media directory 2001-2009", Retrieved on 25 January 2014.
  2. ^ Browne, Bejay. "Zening A Lifestyle Not A Holiday", Cyprus Mail, Nicosia, 29 September 2013.
  3. ^ "Zening.eu", Retrieved on 25 January 2014.
  4. ^ "Europe’s First Yoga Resort To Open In Cyprus" Archived 2014-06-06 at the Wayback Machine, "TravelBite.co.uk", London, 29 January 2013.
  5. ^ Cusack, Jenny. "Travel Deals of the Week" Archived 18 September 2013 at the Wayback Machine, Conde Nast Traveller, 12 July 2013.
  6. ^ "Ajay Goyal Appeals to EC Against C’garh Press Club", "News Track India", Chandigarh, 12 May 2009.
  7. ^ Beckett, Paul. "Want Press Coverage? Give Me Some Money", "The Wall Street Journal", New Delhi, 6 May 2009.
  8. ^ "At Public Debate, Words Are All They Have To Take Your Vote Away", "The Indian Express", Chandigarh, 10 May 2009.
  9. ^ "Different Strokes", "India Today", 14 May 2009.
  10. ^ Dasgupta, Debarshi. "The One Who Didn’t Fit", "Outlook India", New Delhi, 11 May 2009.
  11. ^ "Pawan Bansal Resigns as Railways Minister Over Bribery Charges", "The Indian Express", New Delhi, 10 May 2013.
  12. ^ "Lokmantra", Retrieved on 25 January 2014.
  13. ^ "Gandhi’s London", Retrieved on 25 January 2014.
  14. ^ "Gandhi’s London" Archived 2014-03-22 at the Wayback Machine, "Walks.com", London, 22 May 2010.
  15. ^ Amity. "Walking With Gandhi", "Londonist", London, 27 June 2007.
  16. ^ "Rousing Start To India Festival in London", "The Times of India", London, 17 July 2007.
  17. ^ "Uncovering Russia", "Amazon", Retrieved on 25 January 2014.