BillionaireNet
Raheja
Chandru Raheja
Rank #722
INDIAreal-estateReal estate

Chandru Raheja

Net Worth
$5.537B
-0.08% (24h)
Chandru Raheja, an 85-year-old Indian real estate magnate, is the chairman of K Raheja Corp, a leading property development firm. With a net worth of $5.6 billion, his wealth stems primarily from real estate ventures. He is known for his strategic expansion into IT parks, malls, and hotels, which has significantly shaped India's urban landscape. Raheja is also recognized for his philanthropic endeavors in education, healthcare, and environmental sustainability, demonstrating a commitment to corporate social responsibility. His career, which began after splitting from the family business in 1996, has been marked by a focus on quality and innovation, making K Raheja Corp a trusted name in the market.

The Full Dossier

Early Life

Born in 1941 to Lachmandas Raheja, Chandru Raheja comes from a family with a strong business background. The family, originally from Karachi, moved to Mumbai after the partition of India. He holds an LLB from the University of Mumbai. From an early age, he developed a keen interest in entrepreneurship, which laid the foundation for his future achievements.

Rise to Success

Chandru Raheja's career took a significant turn in 1996 when he established his own real estate firm, K Raheja Corp, after a split in the family business. Under his leadership, K Raheja Corp flourished, expanding into various sectors including residential, commercial, retail, and hospitality. His strategic vision led to the development of iconic properties such as Shoppers Stop, InOrbit Malls, and Mindspace IT parks. He also expanded into the hospitality sector with Chalet Hotels, which operates luxury properties.

Key Business Strategies

Raheja's business strategy has been characterized by diversification, a focus on quality, and innovation. He was a pioneer in recognizing the potential of organized retail and IT infrastructure, leading to the creation of modern shopping malls and IT parks. His commitment to sustainability is reflected in the development of green buildings that adhere to responsible construction practices. He also emphasized strategic partnerships like the one with Princeton Digital Group for data center infrastructure.

Philanthropy

Chandru Raheja is known for his philanthropic efforts, supporting causes related to education, healthcare, and environmental sustainability. He has contributed to various charitable organizations and initiatives, demonstrating a dedication to giving back to society through institutions like S.L. Raheja Hospital and Diabetic Research Centre and L.S. Raheja Technical School.

Career Timeline

2020

Mindspace Business Parks REIT Listed

Listed part of his commercial properties under Mindspace Business Parks REIT

2019

Chalet Hotels Listed

Chalet Hotels, part of K Raheja Corp, was listed

2004

Launched Inorbit Malls

Pioneered the launch of Inorbit Malls, a retail chain in India

1996

Founded K Raheja Corp

Established K Raheja Corp after splitting from the family business

1991

Founded Shoppers Stop

Launched Shoppers Stop, a major retail chain in India

Philanthropic Impact

HealthcareUndisclosed

S.L. Raheja Hospital & Diabetic Research Centre

Supports healthcare initiatives

EducationUndisclosed

L.S. Raheja Technical School

Supports educational initiatives

Environmental SustainabilityUndisclosed

Various environmental sustainability initiatives

Supports environmental sustainability

Wealth Trajectory