K. (Kuldip) Rai Sahi is a Canadian business man. He serves as chairman and chief executive officer of Morguard Corporation, one of Canada's largest integrated real estate companies, and chairman and chief executive officer of ClubLink Enterprises Limited, Canada’s largest owner/operator of member golf clubs. In 2009, Sahi ranked eighth among "The Top 25 Most Influential Figures in Canadian Golf".[1]
Early life
Sahi, attended DAV College in Kanpur, India, and received an economics degree.[citation needed] Sahi immigrated to Canada from India in 1971.
Career
He began his career as a laborer in Montreal. He moved on to build CF Kingsway Inc., Canada's third-largest trucking operation. He then branched into manufacturing and real estate to become one of Canada's wealthiest Indo-Canadians.[citation needed]
Sahi is an example of the "democratization of ownership in Canada from a country in 1986 owned by a few dozen rich families and conglomerates to hundreds of wealthy Canadian families, gigantic pension or mutual funds and millions of Canadian investors".[2][3] Sahi has also been described as "the closest thing to a Wall Street raider that you'll find in Canada."[4]
In 2009, Sahi was among seven Indo-Canadians awarded the Voice Achievers Award for 2009 for their outstanding contributions in fields of film, trade, medicine, literature and sports.[5] In 2007, Sahi was appointed to the board of directors of the Canadian Broadcasting Corporation.[6]
Businesses
Morguard Corporation has extensive retail, office, industrial and residential holdings through its real estate holdings and its investment in Morguard Real Estate Investment Trust (REIT). ClubLink Enterprises operates in two business areas: golf club and resort operations; and rail, tourism and port operations. The corporation owns and operates more than forty golf courses in Ontario, Quebec and Florida. Its subsidiary, White Pass, (Sold to Carnival in 2018 with $290 Million US.)[7] runs rail, tourism and port operations based in Skagway, Alaska.
References
- ^ Thompson, Robert. "The Top 25 Most Influential Figures in Canadian Golf," The National Post (May 5, 2009). BCgolfnews.com Archived 2010-01-21 at the Wayback Machine
- ^ Francis, Diane. "Who Owns Canada Now." (2008) Archived 2012-03-01 at the Wayback Machine
- ^ Harston, P.J. "Canada's wealthy changes," Canoe Money
- ^ Thompson, Robert. "It's his ClubLink now," The Financial Post. July 6, 2007. Financialpost.com Archived 2012-03-05 at the Wayback Machine
- ^ "Seven Indo-Canadians including Lisa Ray honoured," Hindustan Times (November 29, 2009). Hindustantimes.com
- ^ "CBC Annual Report, 2007-08" (PDF). Archived from the original (PDF) on 2011-07-06. Retrieved 2009-11-29.
- ^ https://www.cbc.ca/news/canada/north/white-pass-train-sold-carnival-1.4696188