Piyush Goyal is an Indian politician. He is the Rajya Sabha MP from Maharashtra. Goyal serves as the Minister of Railways and the Minister of Commerce in the Narendra Modi Government.
Piyush Goyal was born on 13 June 1964 (age 59 years; as of 2023) in Mumbai, Maharashtra. His zodiac sign is Gemini. He did his schooling from the Don Bosco High School, Mumbai. In 1984, he pursued B.Com from the H.R. College Of Commerce & Economics in Mumbai. In 1991, he completed his Bachelor of Laws Degree from the Government Law College, Mumbai. After that, he took admission in the Institute of Chartered Accountants of India (ICAI) in New Delhi and was the All India second rank holder. He has been a part of many Leadership programs at universities like Yale, Oxford, and Princeton. Goyal holds an F.C.A. Certificate; it’s a certificate given to Chartered Accountants after completing 5 years of practice.
Before joining politics, Goyal was an investment banker. He served on the board of banks such as State Bank of India (2001-2004), and Bank of Baroda (2002-2004).
Height: 5′ 10″
Weight: 70 kg (approx.)
Eye Colour: Brown
Hair Colour: Black
Family & Caste
Piyush Goyal belongs to a Vaishya (Bania) Family.
Parents & Siblibgs
His father, Ved Prakash Goyal, was an Indian politician, and a Union Minister in the Atal Bihari Vajpayee Government. His mother, Chandrakanta Goyal, is a former BJP MLA from Mumbai.
Wife & Children
He got married to Seema Goyal on 1 December 1991. They have a daughter, Radhika, and a son, Dhruv.
Piyush Goyal has been involved in politics for a long time. In 1991, the BJP appointed him as the Deputy in charge of the parliamentary elections. In 2002, he was a part of the Task Force responsible for inter-linking the rivers of India. He has played a crucial part in the BJP’s growing popularity. He served as the National Treasurer of the Bharatiya Janata Party (BJP) from March 2010 to May 2014. He was appointed as a Member of the Standing Committee on Finance in August 2010. On 5 July 2012, he was elected to the Rajya Sabha from Maharashtra.
Piyush Goyal has been a key strategizer for the BJP. He was one of the first ones to come up with the idea of Narendra Modi as the PM. Goyal used to head the Information Technology (IT) communications sub-committee, and was in charge of all the communication and initiatives of the BJP, through social media. Piyush Goyal also used to head the Press Information Bureau.
On 27 May 2016, he was appointed as the Union Minister of Power, Coal, and New & Renewable Energy. He started many important initiatives during his term. During his term as the Union Minister of Power, he was praised and credited for providing 24*7 electricity to 16,385 of the 18,452 villages; which did not have electricity at all. He stated that the remaining 944 villages will also be provided with electricity before 15 August 2022. He was appointed as the Union Railway Minister on 3 September 2017. He took charge from Suresh Prabhu; who was appointed as the Minister of Civil Aviation and the Minister of Commerce & Industry.
As the Union Minister of Railways, he introduced several trains with updated technology and faster speeds. The most significant was Train 18, which reportedly runs at a speed of 160 km/hour. He helped improve the condition of railway platforms across India. He increased the capital expenditure of the Railway Ministry by Rs. 5.1 Lac Crores. During his tenure as the Railway Minister, there was a 59% increase in the commissioning of new, double, third, and fourth railway line projects.
On 14 May 2018, he was given the additional charge of the Finance Ministry; as the Finance Minister Arun Jaitley had to take a leave of absence due to health issues. During his term as the Finance Minister, he presented the 2019 Interim Union Budget of India on 1 February 2019.
On 15 February 2019, Arun Jaitley assumed office, and Goyal was relieved from his duties as the Finance Minister. Piyush Goyal welcomed Arun Jaitley with a cake, as his health had improved significantly.
On 30 May 2019, Piyush Goyal was sworn in as a Cabinet Minister in the Narendra Modi Government by the President Ram Nath Kovind. On 31 May 2019, he was given the charge of the Ministry of Railways and the Ministry of Commerce.
He was awarded the 2018 Carnot Prize for distinguished contributions to energy policy for his work in village electrification by the University of Pennsylvania’s Kleinman Center for Energy Policy.
On 4 April 2018, Shirdi Industries, whose chairman was Piyush Goyal until July 2010, and then headed by his wife, Seema Goyal, had unpaid loans of 650 Crores INR. In 2015, the company was declared as an NPA, and its loans were written off. Many leaders, including Rahul Gandhi, raised questions over it and demanded an enquiry on why Goyal’s company was written off as a non-performing asset.
— Rahul Gandhi (@RahulGandhi) April 3, 2018
Municipal House No 67, Sonmarg Laxmibai Jagmohandas Marg Nepean Sea Road, Malabar Hill, Mumbai
Piyush Goyal has two cars registered to his name, a Toyota Corolla and a Toyota Camry Hybrid.
Assets & Properties
Cash: Rs. 3.43 Lacs
Bank Deposits: Rs. 48 Lacs
Jewellery: 1350 gm Gold, 2 kg Silver, 295.51 CT Diamonds, 2 18 carat Gold watches; worth Rs. 2.03 Crores
Residential Apartment: Worth 3.28 Crores INR in Mumbai
Salary & Net Worth
Salary: Rs. 1 Lac + Other Allowances (as a Cabinet Minister)
Net Worth: Rs. 95.37 Crores (as in 2019)
- Piyush Goyal is often referred to as PM Narendra Modi’s troubleshooter; as whenever there’s a problem, Piyush Goyal is always consulted.
- He is known as BJP’s all season man. Many BJP leaders state that if Piyush Goyal undertakes a task, it will surely be done; as he is a go-getter.
- He is considered to be very close to Narendra Modi, Amit Shah, and Arun Jaitley. He is usually involved in all crucial decisions of the government.
- For the 2014 Lok Sabha Elections, Goyal was in-charge of the advertisements and social media campaigns of the BJP.
- He is a philanthropist. Piyush, along with his wife, participates in social work and both are associated with many NGO’s.