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Jay Mehta

Jay Mehta (born 18 January 1961) is an businessman and chairman of the , a multinational founded by his grandfather in 1940, with operations spanning cement, building materials, financial services, and international trade across four continents. The son of Mahendra Mehta and Sunayana Mehta, Jay Mehta earned a from University's Fu Foundation School of Engineering and and an MBA from the (IMD) in in 1991. Under his leadership since the early , the family-owned , which was on the brink of , underwent a significant turnaround, achieving debt-free status by 2015 and growing its assets to exceed US$2.1 billion (as of 2025) while employing over 15,000 people globally. Mehta's first marriage to Sujata Birla ended tragically in a 1990 plane crash, after which he married Bollywood actress in 1995; the couple has two children, Jahnavi and , and resides in a luxurious apartment in Mumbai's . In 2008, Mehta, along with his wife and actor , co-purchased the IPL cricket franchise for $75 million, marking his notable foray into and .

Early life and education

Family background

Jay Mehta was born on January 18, 1961, in , to industrialist Mahendra Mehta and his wife Sunayana Mehta. He is the grandson of , a entrepreneur born in 1887 who founded the in the early . Starting as a modest trading firm in , the group grew into a multinational spanning industries such as production, plastics, and consultancy. The Mehta family's roots trace back to in , , from where migrated to at age 13 around 1900, initially via and later settling in to build trading and industrial ventures. The family established a strong presence in the region during British colonial times but faced upheaval after Uganda's independence in 1962, culminating in the 1972 expulsion of Asians under President , which prompted their relocation and business reestablishment in . Jay Mehta's extended family includes notable relatives such as his cousin , a celebrated Kenyan rally driver who won the East African Safari Rally five times and ranked among the world's top drivers in the . Details on Jay Mehta's immediate siblings remain private and not publicly documented.

Academic background

Jay Mehta pursued his higher education in the United States and , building a foundation in and business management. He earned a degree in from University's Fu Foundation School of Engineering and Applied Science in in 1983. Following a period of professional experience, Mehta advanced his studies with an MBA from the (IMD) in , , completing the program in 1991. This international education, supported by his family's commitment to academic excellence, equipped him with technical and strategic skills essential for his future endeavors.

Business career

Entry into family business

Following his graduation with a Bachelor of Science in Industrial Engineering from Columbia University in 1983, Jay Mehta began his initial involvement in the family businesses of the Mehta Group, which had been established by his grandfather, Nanji Kalidas Mehta, through trading in textiles, grains, and commodities before expanding into manufacturing sectors such as sugar and cement. These early exposures provided Mehta with foundational experience in the conglomerate's diverse operations across India and East Africa, inherited from Nanji Kalidas Mehta's ventures starting in 1900. In December 1987, Mehta was appointed to the board of Saurashtra Cement Limited, one of the group's key manufacturing entities established in 1956, marking his formal entry into executive oversight of the cement production arm. This role allowed him to gain hands-on insight into operational challenges in the sector during 's pre-liberalization era. Mehta returned to India full-time in 1991 after completing his MBA at the (IMD) in , , at which point he assumed greater responsibility for the family enterprise, inheriting control of the two primary cement companies—Saurashtra Cement and Sidhee Cement—amid severe financial distress. The companies were on the brink of , exacerbated by 's reforms of 1991, which introduced heightened and required to navigate bureaucratic hurdles and market shifts. In April 1992, he was appointed as a of Sidhee Cement Limited, founded in 1973, where he contributed to early stabilization efforts during this transitional period of family business reconfiguration. Under his initial involvement through the mid-1990s, the group pursued foundational expansions in capacity to adapt to the liberalized economy, focusing on operational efficiencies rather than aggressive diversification.

Leadership of Mehta Group

Jay Mehta assumed leadership roles within the , a multinational headquartered in , , becoming Chairman of the group and its core companies by 2000. He served as Vice Chairman of Saurashtra . from 2004 to 2024. Under his stewardship until September 2025, when he transitioned to Non-Executive Chairman of Saurashtra , the group has diversified across multiple sectors, including , energy, agriculture, sugar, plastics, alcohol production, insurance, and consulting services. A notable example of strategic consolidation in the division was the 2023 merger of Gujarat Sidhee . with Saurashtra ., which was completed to enhance operational efficiency amid India's infrastructure growth. Mehta's oversight has driven the integration of these sectors into a cohesive portfolio, leveraging synergies such as using agricultural byproducts like molasses for alcohol and energy applications. The cement business, a operation, benefited from mergers and capacity expansions during the country's boom in the and , positioning the group as a key player in building materials. This period saw targeted acquisitions and internal restructurings to streamline promoter holdings and boost competitiveness in a consolidating . Key achievements under Mehta's leadership include the group's expansion into international markets in and , building on its historical presence in and while strengthening operations across four continents. The Mehta Group's assets were reported to exceed Rs (US$500 million) in earlier sources. Additionally, sustainability initiatives in manufacturing, particularly in production, have emphasized —earning national awards—and environmental conservation, including , , and reduced emissions through ISO-certified processes.

Sports and entertainment interests

Ownership in Kolkata Knight Riders

In 2008, Jay Mehta, through his , joined forces with actor Shah Rukh Khan's to acquire the (), an (IPL) franchise based in , for $75.09 million; the holds a 45% stake, while Red Chillies owns 55%, with actress included in the ownership consortium from the outset. This marked Mehta's entry into , leveraging his from the to diversify into high-growth entertainment sectors like . Under the ownership of Mehta and his partners, KKR has achieved notable on-field success, winning IPL titles in 2012, 2014, and 2024, which have bolstered the franchise's reputation and financial standing. The team's home ground, Eden Gardens, has benefited from upgrades to meet international standards, including renovations ahead of major events like the 2011 Cricket World Cup, enhancing its capacity to over 68,000 spectators and supporting KKR's match-day experiences. As co-owner, Mehta has contributed to strategic oversight, including participation in key decisions on team composition during player auctions and coach selections, as evidenced by his presence at franchise events and the involvement of family members in operational roles. Financially, has thrived, generating substantial revenue from IPL deals—such as the 2023-2027 cycle valued at over $6 billion league-wide—and lucrative sponsorships from brands like Dubai-based firms and global conglomerates. In 2024, the franchise reported profits of approximately ₹175 , driven by title wins and expanded . By 2025, 's brand valuation reached $227 million, reflecting a 19% increase from the previous year, while overall franchise enterprise value has surpassed $1 billion, underscoring the investment's long-term returns. Beyond competitions, 's ownership, including Mehta's influence, has extended to grassroots development in Indian , with the franchise funding the KKR Academy launched in 2018 to provide advanced training for young domestic players and identify for IPL squads. This initiative, supported by the team's resources, has trained hundreds of aspiring cricketers, contributing to broader pipelines and community engagement in and beyond.

Connections to Bollywood

Jay Mehta shares a longstanding friendship with Bollywood filmmaker , stemming from their childhood years. This personal bond has positioned Mehta within the industry's social and professional networks, facilitating interactions with key figures in Indian cinema. Through this connection, Mehta has supported film productions in the 1990s, including during the making of Rakesh Roshan's , where their friendship played a role in bridging business and entertainment worlds. Mehta's involvement extends to collaborative entertainment projects, such as endorsements and events that link corporate interests with Bollywood talent, enhancing cross-sector synergies pre-dating his later ventures. His public appearances at premieres and industry awards further underscore his role as a connector between the business elite and cinematic circles.

Personal life

First marriage and tragedy

Jay Mehta married Sujata Birla, the sister of industrialist Yash Birla, in 1984, in a that connected two prominent business families. The ended tragically on , 1990, when Sujata perished in the crash of , an Airbus A320 en route from to that struck a during its approach, killing 92 of the 146 on board. The loss profoundly affected Mehta, compounding personal grief with professional challenges as he navigated business setbacks during this period. No children were born from the marriage.

Marriage to Juhi Chawla and children

Jay Mehta and Bollywood actress Juhi Chawla first met in the early 1990s through mutual friends, including filmmaker Rakesh Roshan, at social gatherings in Mumbai. Their relationship developed from friendship into romance, leading to a private wedding ceremony in 1995, which they kept under wraps initially due to Chawla's concerns about impacting her thriving film career. The intimate event was attended by only 80-90 close family members and friends, reflecting their preference for discretion over a grand affair. The couple welcomed their daughter, Jhanvi Mehta, on February 21, 2001, followed by their son, Arjun Mehta, in 2003. Mehta and Chawla reside with their children in a multi-story ancestral home in Mumbai's upscale Malabar Hill neighborhood, originally acquired by Mehta's grandfather in the 1940s and rebuilt in the 1970s. The family maintains a low public profile for Jhanvi and Arjun, shielding them from media attention while encouraging their individual interests—Jhanvi has expressed aspirations in writing, and neither child has shown interest in entering the entertainment industry. Mehta and Chawla share a close-knit family life centered on travel and together, often prioritizing amid their professional commitments. They balance this with occasional joint public appearances at events, such as the 2025 red carpet in and Birla-hosted gatherings, where they are noted for their mutual respect and understated elegance. This remarriage came after Mehta's earlier personal tragedy, providing a foundation of stability for their enduring partnership.

Philanthropy and legacy

Charitable initiatives

Jay Mehta has overseen philanthropic efforts through the Mehta Group's (CSR) programs, which emphasize and skill development in underserved communities. Since the early , the group has supported institutions like Arya Kanya Gurukul in , , a residential girls' founded in 1936 that provides and vocational training to hundreds of students from economically weaker sections, including programs in sewing, cooking, and computer skills for women. Additionally, the Savitadidi Mehta Foundation, established in 2008, offers scholarships to meritorious students from low-income families across , enabling access to and professional courses to pursue career goals. In healthcare, the Mehta Group's initiatives focus on preventive care and community wellness, particularly in rural areas of . Through subsidiaries like Saurashtra Cement Limited, the group operates health centres that provide free healthcare, including programs and family welfare education, to employees, their families, and communities near industrial sites. These efforts align with broader CSR goals of eradicating and promoting , with activities extending to post-2020 support such as distributing hygiene kits and safety information during the to mitigate health risks in affected communities. Environmental philanthropy tied to the group's cement operations includes projects to offset industrial impacts. The has planted trees across more than 500 hectares in Gujarat's industrial regions, including areas around Ranavav, to enhance , prevent , and support ecological balance near limestone mines and facilities. These initiatives, often in collaboration with local NGOs and forest departments, underscore a commitment to , with Saurashtra Cement earning recognition for environmental management practices.

Impact on community development

Jay Mehta, as Chairman of the Mehta Group, has overseen (CSR) initiatives that emphasize , healthcare, and , particularly in regions where the group operates. In , where the group's Sugar Corporation of Uganda Limited (SCOUL) has been active since 1924, Mehta's leadership has driven community-focused projects including the establishment of nursery, primary, and secondary schools, as well as medical facilities for local residents. The group has also donated land for Kawolo Hospital and the Lugazi municipality headquarters, while providing scholarships that have enabled individuals to pursue and secure , such as in the case of Lutajani Khemis, whose school fees were covered up to university level. These efforts support over 9,000 direct employees and 36,000 dependents, fostering and social in the region. In , Mehta has supported the Savitadidi Mehta Foundation, established in 2008 in honor of his aunt, Dr. Savitadidi N. Mehta, to provide scholarships to underprivileged students pursuing . The foundation aligns with the Mehta family's longstanding commitment to educational upliftment, building on the legacy of , who integrated community welfare into business operations. Additionally, Mehta has personally initiated fundraising campaigns for , India's largest mid-day meal program, aimed at combating classroom hunger and improving school attendance among children from low-income families. These initiatives reflect a broader focus on , with the also promoting environmental sustainability through programs like community tree-planting drives. Mehta's approach to prioritizes long-term impact, as evidenced by the group's pledge to invest in for another century, ensuring generational benefits through job creation, health services, and educational access. In , operations of subsidiaries like Saurashtra Cement Ltd. have included support for local youth programs, enhancing and youth development. Overall, these efforts underscore Mehta's role in transforming business operations into catalysts for social progress across and .

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