Jayant Sinha (51) | MoS, Finance (Lok Sabha, Jharkhand)
With Prime Minister Narendra Modi set to kick off the second generation of economic reforms, first-time BJP MP and now minister of state Jayant Sinha is expected to play a key role given his previous stint as a former investment banker and the India head of Omidyar Network.
The son of former finance minister Yashwant Sinha, Jayant was elected from his father’s former constituency this year. He has become one of the rare individuals to handle the same portfolio as his father.
Jayant is a member of two key parliamentary committees — Standing Committee on Finance as well as the committee on subordinate legislation.
An alumnus of Harvard and IIT Delhi, Jayant also studied MS in energy management and policy from the University of Pennsylvania. His profile on Twitter describes him as being “passionate about India, technology, cricket, and tennis”.
Before his four-year stint at Omidyar, Jayant was managing director at Courage Capital Management. He has previously also worked with McKinsey & Company in Boston and Delhi, where he was later made a partner.
Besides his experience in corporate finance, he is understood to have gained some exposure to Indian politics by working on his father’s campaigns. Prior to the elections this year, he is understood to have also helped frame the national economic policy for the BJP.
He is married to Punita, managing partner at Pacific Paradigm Advisors and his classmate at IIT Delhi.
Throughout his poll campaign, Sinha had tried to project that he was not a product of dynastic politics and that he was a candidate selected on merit. He won by 1.59 lakh votes.