Known to be a money bag in political circles, KD Singh is a Rajya Sabha MP from Jharkhand and the northern region head of Trinamool Congress. He leads the Alchemist Group that has a hospital in Panchkula’s Sector 20 and is known for its poultry chain ‘Republic of Chicken’.
His interests include steel, food and beverage, IT, healthcare, media, aviation, realty, hospitality, education and tea gardening. He has major shares in Anant Media Private Limited, which publishes Tehelka magazine. In July this year, he was elevated as president of the Indian Hockey Federation (IHF).
The website of Alchemist says it is a Rs. 10,000 crore group.
In June this year, the Securities and Exchange Board of India (SEBI) has asked Alchemist Infra Realty Limited, part of the multi-crore Alchemist Group, was asked to wind up all its ‘collective investment schemes’ and refund about Rs. 1,000 crore to investors, chiefly from Madhya Pradesh.