Erwin Singh Braich

Who is Erwin Singh Braich ?

Meet Mr. Erwin Singh Braich the Billionare came to rescue YES BANK.

He is son of Mr. Herman Singh Braich who came to Canada from Punjab in 1927. After the death of Mr. Herman Singh Braich his son Mr. Erwin Singh Braich at a very young age of 20 years have to left his studies in British Columbia to take over business in 1975. He has to fought a 14 year long battle against the Canadian government which he has ultimately won. Now he is founder of Braich group of companies and Trust and is a successful industrialist and philanthropist. He is among the richest persons list in Canada. He is first Canadian Sikh Millionaire and considered to be one of the richest Indians worldwide.

His total networth is expected to be around $65 million.

YES Bank, in the regulatory filing, said on Friday, November 29, 2019 “Discussions with investor (Erwin Singh Braich I SPGP Holdings) is ongoing and expected to be concluded shortly. In the meantime the binding term sheet extended till 31 December, 2019.”

Earlier last month, Yes Bank CEO Ravneet Gill has said that the bank had received bids worth $3 billion from eight investors. Yes Bank on September 25, 2019, had announced its capital raising plans and also said it has received strong interest from multiple investors.

He is son of Mr. Herman Singh Braich who came to Canada from Punjab in 1927. After the death of Mr. Herman singh braich his son Mr. Erwin Singh Braich at a very young age of 20 years have to left his studies in British Columbia to take over business in 1975. He has to fought a 14 year long battle against the Canadian government which he has ultimately won. Now he is founder of Braich group of companies and Trust and is a successful industrialist and philanthropist. He is among the richest persons list in Canada. He is first Canadian Sikh Millionaire and considered to be one of the richest Indians worldwide.

His total networth is expected to be around $65 million.

And yes he is the Billionare who is putting money in Yes Bank.

Will he be able to rescue the capital hungered Yes Bank? We’ll know in a little while.

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