But before we get to that, let's understand the family dynamics between the Baba, Gurinder Singh Dhillon, the brothers and family confidante Sunil Naraindas Godhwani.ĭhillon-better known as 'Babaji' or the 'Saint of Beas' is the spiritual guru of the Radha Soami Satsang Beas (RSSB). The answer lies hidden in a maze of a dozen companies. Such decimation of a flourishing and diversified empire within a decade is unprecedented in India's corporate history. This has ultimately led to insignificant shareholding remaining with us in these businesses," Malvinder and Shivinder Singh said in a joint email response to our questions. "Today we have lost control of all our key businesses - Fortis, SRL and Religare in our committed effort to repay our debts and also as a result of invocation of pledged shares by the banks. But, for the first time ever, here is the inside story of how the brothers not just lost their wealth but also their companies and reputation. For long, the Singh brothers kept their fall from grace a closely guarded secret, avoiding meetings and discussions on the topic.
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