He was born on August 15, 1925. His great grandfather Sahu Salekh Chand Jain was a wealthy businessman possessing religious and charitable mind. His grand father was Shri Mussadi Lal. His father Rao Bahadur Jugmundar Das was a leading businessman and landlord in the north Indian state of Uttar Pradesh who was even honoured by the British. He had his earlier education in Najibabad from where he moved on to study B.Sc. (Industrial Chemistry) at Benaras Hindu University.
He was the Executive Director of Bennett, Coleman & Co. Ltd. and the only person to edit both The Times of India and Navbharat Times for many years. He was also the Chairman of Press Trust of India and the Indian Newspaper Society.
A leader of the Jain community, he was revered for his philanthropic nature and devoted services to the cause of Jain religion and society. He was National President of All India Digambar Jain Holy Places Committee and the All India Digambar Jain Parishad, which was founded by his great grandfather.
He passed away on September 22, 2004.
He was associated with various organisations in different capacities: