{{short description|Indian businessman}} {{Undisclosed paid|date=March 2020}} {{Use Indian English|date=July 2014}} {{Use dmy dates|date=August 2024}}
{{Infobox person | name = Shahid Balwa | birth_date = | birth_place = Gujarat, India | spouse = | death_place = | occupation = Promoter, DB Group<ref name=htimes>{{cite news |url=https://www.thehindu.com/news/national/2G-spectrum-case-CBI-arrests-Shahid-Balwa/article15134078.ece |title=2G spectrum case : CBI arrests Shahid Balwa |work=The Hindu |date= 8 February 2011|accessdate=2011-02-09}}</ref> & Managing Director, DB Group | alma_mater = | website = }}
'''Shahid Usman Balwa''' (born 1974) is an entrepreneur based in Mumbai, Maharashtra, India. He is one of the promoters of Mumbai-based DB Group.<ref>{{Cite web|url=http://www.rediff.com/news/report/kanimozhi-a-raja-others-acquitted-in-2g-scam/20171221.htm|title=Kanimozhi, A Raja, 15 others acquitted in 2G scam – Rediff.com India News|work=Rediff.com|access-date=2018-01-01}}</ref>
==Early and personal life== Balwa comes from the Chilya Sunni Muslim community, and his forefathers were from Gujarat.
==Forbes billionaire== In 2010, Balwa was the youngest Indian to feature on the Forbes List and is amongst the 10 youngest billionaires in the world.<ref>{{cite news|url=http://findarticles.com/p/news-articles/dna-daily-news-analysis-mumbai/mi_8111/is_20100813/db-realty-allots-rs-1000/ai_n54816956/ |title=DB Realty allots Rs 1,000 cr for the acquisition of projects | DNA : Daily News & Analysis; Mumbai | Find Articles at BNET |via=FindArticles |date=2010-08-13 |accessdate=2011-02-09 }} {{Dead link|date=February 2012|bot=RjwilmsiBot}}</ref><ref>{{cite web|url=http://www.rediff.com/business/slide-show/slide-show-1-the-ups-and-downs-in-the-db-realty-story/20110210.htm |title=The ups and downs in the DB Realty story |work=Rediff.com |date=2010-12-31 |accessdate=2011-02-10}}</ref> He was ranked by ''Forbes'' as India's 50th richest man in 2010.<ref>{{Cite web|date=2011-02-10|title=Balwa is India's youngest billionaire|url=https://indianexpress.com/article/news-archive/web/balwa-is-indias-youngest-billionaire/|access-date=2020-09-15|website=The Indian Express}}</ref><ref name="forbes1">{{cite news|url=https://www.forbes.com/lists/2009/77/india-billionaires-09_Shahid-Balwa_XZ4I.html |title=#50 Shahid Balwa |work=Forbes |date= 18 November 2009|accessdate=2011-02-09}}</ref><ref name="indiatimes1">{{cite news |author=Nauzer K Bharucha |date=10 February 2011 |title=Shahid Balwa: From college dropout to billion-dollar realtor |work=The Times of India |url=https://timesofindia.indiatimes.com/india/Shahid-Balwa-From-college-dropout-to-billion-dollar-realtor/articleshow/7464553.cms |url-status=live |access-date=2011-02-11 |archive-url=https://web.archive.org/web/20121104192304/http://articles.timesofindia.indiatimes.com/2011-02-10/india/28545495_1_shahid-balwa-kakade-infrastructure-bandra |archive-date=4 November 2012}}</ref>
==2G Case== Balwa was arrested for his role in the 2G spectrum case by the CBI on 9 February 2011 on the allegation that DB group transferred {{INR}} 2 billion to a media company owned by members of the DMK party.<ref>{{cite web|url=https://www.bloomberg.com/bw/magazine/content/11_25/b4233013968530.htm|title=India's Powerful Can't Escape Jail|author=Mehul Srivastava|work=Bloomberg Businessweek}}</ref> Former Telecom minister A. Raja allegedly helped Swan bag licences for 13 circles, including Mumbai and Delhi, for {{INR}} 15.37 billion.<ref>{{Cite web|date=2011-02-09|title=2G scam: CBI arrests DB Realty MD Shahid Balwa|url=https://www.dnaindia.com/mumbai/report-2g-scam-cbi-arrests-db-realty-md-shahid-balwa-1505209|access-date=2020-09-15|website=Daily News and Analysis}}</ref><ref>{{cite news|url=http://www.thehindu.com/news/national/article1169122.ece |title= 2G spectrum case : CBI arrests Shahid Balwa |work=The Hindu |date=2011-02-09 |accessdate=2011-11-03 |location=Chennai, India}}</ref> DB realty is one among the companies that purchased 2G licenses in 2008. DB Reality floated Swan Telecom.<ref>{{cite web|url=http://www.ndtv.com/article/india/shahid-balwa-arrested-in-2g-scam-case-84235 |title= Shahid Balwa arrested in 2G scam – ndtv.com India |publisher=NDTV |date=2011-02-09 |accessdate=2011-11-03}}</ref> The CBI also arrested two executives on 29 March 2011 including the brother of Balwa, Asif Balwa.<ref>{{Cite web|title=2G scam: CBI arrests Shahid Balwa's cousin brother Asif Balwa|url=https://www.ndtv.com/india-news/2g-scam-cbi-arrests-shahid-balwas-brother-asif-balwa-451470|access-date=2020-09-15|publisher=NDTV}}</ref><ref>{{cite web|url=http://www.dnaindia.com/india/report_cbi-arrests-shahid-balwa-s-brother-in-2g-scam_1525846 |title= CBI arrests Shahid Balwa's brother in 2G scam |work=Daily News and Analysis |date=2011-03-29 |accessdate=2011-11-03}}</ref> A Delhi high-court on 29 November 2011 accepted the bail plea of Shahid Balwa and other under-trials.<ref>{{Cite news|agency=Press Trust of India|date=2011-11-29|title=2G case: Shahid Balwa granted bail|work=The Hindu|url=https://www.thehindu.com/news/national/2g-case-shahid-balwa-granted-bail/article2671268.ece|access-date=2020-09-15|issn=0971-751X}}</ref> On 21 December 2017, a Supreme Court appointed Special CBI Court acquitted him of all charges relating to his role in this case.<ref>{{Cite web|date=21 December 2017|title=In the Court of O. P. Saini: Spl. Judge, CBI (04) (2G Spectrum Cases), New Delhi |url=http://www.thehindu.com/news/national/tamil-nadu/article22122355.ece/BINARY/2GCBIVsRaja|website=The Hindu}}</ref>
==Charitable work== His charitable activities are in the field of health and education. They include the Balwas High School and Charitable Medical Institution in Phirozpura, Gujarat.<ref>{{cite web|url=https://www.mid-day.com/articles/who-is-shahid-balwa/112192|title=Who is Shahid Balwa?|publisher=Mid-Day|date=14 February 2011|accessdate=15 September 2020}}</ref>
==References== {{reflist}}
{{DEFAULTSORT:Balwa, Shahid}} Category:Living people Category:1974 births Category:21st-century Indian Muslims Category:Indian billionaires Category:21st-century Indian philanthropists Category:Indian businesspeople in the real estate industry Category:Businesspeople from Mumbai Category:Indian prisoners and detainees Category:Gujarati businesspeople Category:Businesspeople from Gujarat Category:2G spectrum case Category:DB Group