Within Fortis, Shivi, who is now chief executive, has a reputation for innovation--and abrasiveness.
During the blowup, Fortis shares, which trade on the Bombay and National Stock exchanges, fell 3%.
Shivinder heads Fortis Healthcare, a chain of hospitals, which he is readying to take public.
Luxembourg will retain 33% of Fortis' local subsidiary and take 1.4% of the French bank.
Fortis got off to a slow start, partly because real estate is such a vexed business in India.
Fortis is the largest investor-owned distribution utility in Canada, serving more than two million gas and electricity customers.
In 1995 Disney offered her a first-look production deal, and Bullock set up her own company, Fortis Films.
He demanded that the doctor give Fortis a share in the medi-city, disengage with the venture or quit Fortis.
Those are the two main businesses of Fortis, a company based in St.
BNP's tortuous capture of Fortis gives it the euro area's biggest deposit-taking franchise.
Fortis, a Belgo-Dutch bank overstretched by its role in acquiring ABN AMRO, is now part-owned by the Benelux governments.
Singh added that he would now focus on his other business interests, notably, financial services arm Religare and Fortis Healthcare.
This would help make records portable, says Shivinder Singh, the managing director of Fortis Healthcare, a chain of private hospitals.
Subsidiary companies include FortisAlberta, FortisBC, Newfoundland Power, Fortis Generation, Maritime Electric, Caribbean Utilities (59% owned), Fortis TCI, FortisOntario, and Fortis Properties.
Shares in Fortis were suspended, a day after France's BNP Paribas said it would take a 75% stake in the Benelux bank.
For all Singh's swagger, his company, Fortis Healthcare, is still a shrimp.
Earlier, Honeywell, AOL, OfficeMax, Fortis, Reese Brothers and Amtrak won smaller amounts.
That is far less likely for an institution such as Fortis, a large Belgo-Dutch bank which saw its shares plunge this week.
ECONOMIST: Are European banks insulated from the panic in America?
That proved to be not enough to restore confidence in Fortis' soundness.
So, too, apparently, were seven senior executives of Fortis Healthworld, a privately held, one-stop pharmacy and medical supplies chain promoted by the brothers.
Besides building from scratch, Fortis has scaled up through three acquisitions, including Escorts Heart Institute, a four-hospital chain that Trehan helped to launch.
The next day Fortis, a Dutch-Belgian insurer, also warned about profits: the market value of its equity portfolio had fallen below its purchase price.
Fortis' first hospital rolled out in Mohali in Punjab in 2001.
As well, Fortis has interests in hotels and commercial real estate.
But Barclays has the advantage of easy maneuverability in this bid battle, something which the three-way consortium of RBS, Banco Santander Central Hispano and Fortis lacks.
Trehan was reinstated but within days sold his stake in Escorts and joined Fortis archrival Apollo, taking with him two dozen doctors and scores of patients.
Ping An held close to a 5% stake in Fortis when it was dismantled and some its assets sold off by the Dutch and Belgian governments.
That confidence helped BNP Paribas to pick up bits of Fortis in 2009 at an attractive price, bringing a big retail presence in Belgium and Luxembourg.
Meanwhile, the RBS-led consortium of three banks - RBS, Belgian-Dutch group Fortis and Spain's Santander - are still considering their position, Fortis chairman Maurice Lippens said.
应用推荐