Property baron Kushal Pal Singh left an army posting in 1961 to join DLF, a company started by his father-in-law in 1946. Singh later built DLF City in Gurgaon, his showpiece township on the outskirts of Delhi, by acquiring land from farmers. Today, Delhi-headquartered DLF, run by his son Rajiv as chairman, is India's biggest listed property firm by market cap. In August 2017, Singh sold his one third stake in DLF's rental arm to GIC, Singapore's sovereign wealth fund, for $1.9 billion. Singh stepped down as chairman after more than five decades in that position, in June 2020. He's now chairman emeritus of DLF.
