Chandru Raheja

Last updated

Chandru Raheja
Born
Chandru Lachmandas Raheja

1941 (age 82–83)
NationalityIndian
Education University of Mumbai
OccupationBusinessman
TitleCEO, K Raheja Corp
SpouseJyoti C. Raheja
Children2 sons
Parent Lachmandas Raheja
Relatives Rajan Raheja Group (conglomerate) (cousin)

Chandru Lachmandas Raheja (born 1941) is an Indian billionaire businessman, and the chairman of K Raheja Corp which is involved in developing IT parks, hotels, malls, and running department store chains including Shoppers Stop. [1] [2]

Contents

Raheja led his company to diversify into different businesses ever since the family businesses were split in 1996. [3] [4]

As per Forbes list of India’s 100 richest tycoons, dated OCTOBER 09, 2024, Chandru Raheja is ranked 59th with a net worth of $5.4 Billion. [5]

Early life

Chandru Raheja was born in 1941, the son of Lachmandas Raheja, and has four brothers. [6] He has a bachelor's degree in law from the University of Mumbai. [7] [8] His cousin Rajan Raheja is also a billionaire. [9]

Career

Raheja established his own real estate firm in 1996 when the business was divided into three groups between Gopal Raheja, chairman of K Raheja Constructions, Suresh Raheja, chairman of K Raheja Universal and Chandru Raheja, the chairman of K Raheja Corp, and Shoppers Stop Ltd. [6] In the book India's New Capitalists: Caste, Business, and Industry in a Modern Nation, Harish Damodaran stated that Raheja-owned K Raheja Corp has emerged as the biggest business of the various entities which were formed after the split. [10]

Under Raheja's leadership, K Raheja Corp had made major progress in the residential and commercial real estate space and ventured out into other segments. With the departmental store chain Shoppers Stop, established in 1991 under the banner of K Raheja Corp, the group expanded into building malls like InOrbit in 2004. [11] He guided K Raheja Corp for the development of the brand Mindspace which was dedicated to acquiring land for the construction of IT Parks. [12]

Apart from expanding the company, Raheja has been involved in sustainability through green buildings under the brand Mindspace. [13]

Personal life

Raheja is married to Jyoti C. Raheja, they have two children, Ravi and Neel, and live in Mumbai. [14] [7] Ravi and Neel Raheja are group presidents of K Raheja Corp. [15]

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References

  1. ↑ Stocks (11 April 2017). "Stocks". Bloomberg. Retrieved 16 April 2017.
  2. ↑ "Chandru Raheja At a Glance". Forbes India.
  3. ↑ "Meet India's 10 richest real estate developers". Hindustan Times.
  4. ↑ "Chandru Raheja". Forbes.
  5. ↑ "India's 100 Richest".
  6. 1 2 "Realty firm B Raheja split between brothers". Livemint. 7 July 2008. Retrieved 7 July 2008.
  7. 1 2 "Archived copy" (PDF). Archived from the original (PDF) on 17 July 2014. Retrieved 16 April 2017.{{cite web}}: CS1 maint: archived copy as title (link)
  8. ↑ "Chandru Lachmandas Raheja, Chairman, K Raheja Corp Pvt Ltd". Bloomberg.
  9. ↑ Geoff Hiscock (2008). India's Global Wealth Club: The Stunning Rise of Its Billionaires and Their Secrets of Success. John Wiley & Sons. p. 250. ISBN   978-0-470-82238-8 . Retrieved 16 April 2017.
  10. ↑ Damodaran, Harish (25 November 2018). INDIA'S NEW CAPITALISTS: Caste, Business, and Industry in a Modern Nation. Hachette UK. ISBN   9789351952800.
  11. ↑ "About Us". InOrbit Official Website.
  12. ↑ "Raheja group to develop Mindspace techno-campus park in Cyberabad". ThehinduBusinessLine. Retrieved 30 August 2003.
  13. ↑ "K Raheja Corp ranked amongst Best Workplaces in Real Estate 2018 by Great Place To Work Institute". Zricks.
  14. ↑ "Forbes profile: Chandru Raheja". Forbes.com. Retrieved 7 July 2021.
  15. ↑ "Company Overview of K Raheja Corp. Private Limited". Bloomberg.


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