Odisha

Jagannath Temple In London: Know Odisha-Born Businessman Behind The Initiative

By
OB Bureau

Bhubaneswar: The pledge of Rs 250 crore by Odish-born Biswanath Patnaik for the construction of a large Jagannath Temple in London is one of the largest philanthropic contributions to a temple outside India. So, who is this man making news headlines?

For a beginning, Patnaik holds an MBA and a Law degree from Utkal University.

A banker-turned-businessman, he is the chairman and founder of the FinNest Group of companies, which invests in renewables, electric vehicles (EVs), hydrogen locomotives, etc. After working in the banking space for several years, Patnaik stepped into entrepreneurship in 2009. From healthcare, fintech, and renewable energy to gold refinery and bullion trading in Dubai, Patnaik’s investments range across a diverse portfolio.

He opened several firms before buying two more. Among these was a company listed in the Bombay Stock Exchange (BSE) while another was licensed by the RBI. Biswanath remained focused on the operations of these firms till 2014. Later, he expanded his investments to the fields of healthcare, fintech, retail and renewable energy. He is also into the gold refinery and bullion trading in Dubai, the DNA said in a report.

Earlier this year, Patnaik had shown interest in setting up an EV-Hydrogen truck and commercial heavy vehicles manufacturing plant in Odisha. The project was worth an investment of Rs 500 crore, The New Indian Express said in a report. The proposal will reach the state government soon, the news report said.

Biswanth Patnaik is active in charity circles and makes contributions to UNESCO apart from his donations in India. He is Chairman of an international committee of a Social Action Foundation based out of Delhi, which provides vocational training and education to underprivileged children.

Apart from being the co-owner of a Multispeciality Hospital in Bhubaneswar, Patnaik’s family owns three iron ore, bauxite and paraphyte mines in Odisha, reads his LinkedIn profile. He is also a member of the Banking and Finance Committee of the Indian Merchant Chamber and Industry since March 2021.

In 2019, the UK’s Highway Capital appointed Biswanath Patnaik to its Board of Directors.

OB Bureau

Recent Posts

Criticised For Touching His Wife’s Feet, Vikrant Massey Gives It Back To Trollers

Mumbai: ‘12th Fail’ actor Vikrant Massey recently got trolled after pictures of him touching his…

November 7, 2024

Threat Call: Was Shah Rukh Khan Targeted For His Deer-Hunting Dialogue In ‘Anjaam’?

Mumbai: Mumbai Police swung into action immediately after Bollywood superstar Shah Rukh Khan received a…

November 7, 2024

[Watch] Snowfall In Desert For The First Time!

Dubai: The effects of global climate change are being seen in various manifestations across the globe.…

November 7, 2024

Police Case Against Websites Selling T-Shirts With Photos Of Dawood, Bishnoi

Mumbai: When criminals are idolised and used for commercial purposes, police are bound to take action.…

November 7, 2024

11 Years After Criminal’s Murder In Bomb Explosion, Court In Odisha Sentences 11 Accused To Life

Berhampur: The Ganjam district and sessions court here on Thursday sentenced 11 persons to life…

November 7, 2024

Astronaut Sunita Williams’ Health Deteriorates Due To Extended Stay In Space

New York: Recent pictures of Sunita Williams and Barry 'Butch' Wilmore from the International Space…

November 7, 2024

India Calls Out Canada’s ‘Hypocrisy’ For Blocking Australian Media Outlet After Jaishankar Interview

New Delhi: Bilateral relations having hit an all-time low since Justin Trudeau’s accusation of Indian involvement…

November 7, 2024

Mango Kernel Incident In Odisha: Report Reveals Faecal Contamination, Presence Of Hydrogen Sulphide

Bhubaneswar: Faecal contamination was found in the food and water samples sent for test following…

November 7, 2024