K. Rai Sahi
K. Rai Sahi is a Canadian business man who 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".
Early life
Sahi was born in India in 1946 and attended DAV College in Kanpur, India where he obtained an economics degree. Sahi emigrated from India to Canada 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.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". Sahi has also been described as "the closest thing to a Wall Street raider that you'll find in Canada."
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.ClubLink Enterprises conducted operations 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, owned and operated rail, tourism and port operations based in Skagway, Alaska.
In 2007, Sahi was appointed to the board of directors of the Canadian Broadcasting Corporation.