K. Rai Sahi
Encyclopedia
K. Rai Sahi is 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 and operator of member golf clubs. In 2009, Sahi was ranked eighth, behind notables such as golfers Mike Weir
and Stephen Ames
, as one of "The Top 25 Most Influential Figures in Canadian Golf" by Robert Thompson of The National Post.
Sahi emigrated to Canada from India in 1971. He began his career as a laborer
in Montreal
before going on to build CF Kingsway Inc., Canada's third-largest trucking operation, then branching out into manufacturing and real estate, to become one of the wealthiest Indo-Canadians in Canada. Sahi is a Certified General Accountant
and a member of the Certified General Accountants of Ontario
. In 2009, he was awarded with a fellowship designation (FCGA), by the Certified General Accountants Association of Canada
.
In "Who Owns Canada Now: Old Money, New Money and The Future of Canadian Business," by Diane Francis
, Editor-at-Large for the National Post
, Sahi is portrayed as 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."
Sahi has also been described as "the closest thing to a Wall Street raider that you'll find in Canada."
In 2009, Sahi was among seven Indo-Canadian who were conferred with the Voice Achievers Award for 2009 for their outstanding contributions in fields of film, trade, medicine, literature and sports. In 2007, Sahi was appointed to the board of directors of the Canadian Broadcasting Corporation.
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 three business areas: golf club and resort operations; rail, tourism and port operations; and corporate operations. The corporation owns and operates more than forty golf courses in Ontario and Quebec. Its subsidiary, White Pass, runs rail, tourism and port operations based in Skagway, Alaska
.
Mike Weir
Michael Richard Weir, CM, O.Ont is a Canadian professional golfer on the PGA Tour. He spent over 110 weeks in the top-10 of the Official World Golf Rankings between 2001 and 2005. He is best known for winning the Masters in 2003....
and Stephen Ames
Stephen Ames
Stephen Michael Ames is a professional golfer on the PGA Tour holding dual citizenship of Trinidad and Tobago and Canada....
, as one of "The Top 25 Most Influential Figures in Canadian Golf" by Robert Thompson of The National Post.
Sahi emigrated to Canada from India in 1971. He began his career as a laborer
Laborer
A Laborer or labourer - see variation in english spelling - is one of the construction trades, traditionally considered unskilled manual labor, as opposed to skilled labor. In the division of labor, laborers have all blasting, hand tools, power tools, air tools, and small heavy equipment, and act...
in Montreal
Montreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...
before going on to build CF Kingsway Inc., Canada's third-largest trucking operation, then branching out into manufacturing and real estate, to become one of the wealthiest Indo-Canadians in Canada. Sahi is a Certified General Accountant
Certified General Accountant
Certified General Accountant is the designation of professionals who are jointly members of the Certified General Accountants Association of Canada and a provincial or territorial CGA association, or a CGA association overseas...
and a member of the Certified General Accountants of Ontario
Certified General Accountants of Ontario
Certified General Accountants of Ontario is the professional association of certified general accountants in the province of Ontario, Canada...
. In 2009, he was awarded with a fellowship designation (FCGA), by the Certified General Accountants Association of Canada
Certified General Accountants Association of Canada
The Certified General Accountants Association of Canada is the umbrella organization for Certified General Accountants. CGA-Canada represents 73,000 members and students living and working in Canada, and more than 80 countries around the world...
.
In "Who Owns Canada Now: Old Money, New Money and The Future of Canadian Business," by Diane Francis
Diane Francis
Diane Francis is a Canadian journalist, author, and editor-at-large for the National Post newspaper since 1998. She was previously the Editor of the Financial Post from 1991 to 1998, when it was taken over by the National Post and incorporated into it...
, Editor-at-Large for the National Post
National Post
The National Post is a Canadian English-language national newspaper based in Don Mills, a district of Toronto. The paper is owned by Postmedia Network Inc. and is published Mondays through Saturdays...
, Sahi is portrayed as 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."
Sahi has also been described as "the closest thing to a Wall Street raider that you'll find in Canada."
In 2009, Sahi was among seven Indo-Canadian who were conferred with the Voice Achievers Award for 2009 for their outstanding contributions in fields of film, trade, medicine, literature and sports. In 2007, Sahi was appointed to the board of directors of the Canadian Broadcasting Corporation.
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 three business areas: golf club and resort operations; rail, tourism and port operations; and corporate operations. The corporation owns and operates more than forty golf courses in Ontario and Quebec. Its subsidiary, White Pass, runs rail, tourism and port operations based in Skagway, Alaska
Alaska
Alaska is the largest state in the United States by area. It is situated in the northwest extremity of the North American continent, with Canada to the east, the Arctic Ocean to the north, and the Pacific Ocean to the west and south, with Russia further west across the Bering Strait...
.