BillionaireNet
Razack
Irfan Razack
Rank #2340
INDIAreal-estateReal estate

Irfan Razack

Net Worth
$1.591B
-0.5% (24h)
Irfan Razack is an Indian billionaire entrepreneur and the Chairman and Managing Director of Prestige Group, one of India's leading real estate developers. With over 40 years of experience, Razack transformed the family's textile business into a real estate powerhouse, completing over 300 projects across residential, commercial, retail, and hospitality segments. His leadership, marked by a commitment to excellence and customer-centricity, has cemented Prestige Group's reputation and significantly increased his net worth. As of December 2025, his net worth is estimated at $6 billion.

The Full Dossier

Early Life

Irfan Razack was born on October 30, 1953, in Bangalore, India, into a Kutchi Memon family. His father, Razack Sattar, founded “Prestige House for Men,” a fabric and tailoring shop in 1956. Razack grew up in a close-knit environment and was exposed to entrepreneurial values early on, which shaped his interest in business. He completed his schooling and later graduated with a Bachelor of Arts in Economics from Bangalore University.

Rise to Success

In 1986, Irfan Razack formally established Prestige Estates Projects Limited, expanding the family business from retail into real estate development. Under his leadership, the company developed major residential, commercial, retail, and hospitality projects across Bengaluru, Chennai, Hyderabad, Kochi, and Mumbai. Prestige Estates became one of India’s largest listed real estate developers after its IPO in 2010 and diversified into malls, hotels, and integrated townships. Razack's vision and dedication earned him recognition among India's most influential real estate leaders, shaping urban landscapes.

Key Business Strategies

Irfan Razack focused on quality, innovation, and customer satisfaction. He consistently strives to anticipate what customers will need in the future and prepares projects accordingly. His sharp market understanding allows him to easily identify upcoming trends in real estate. His leadership has helped Prestige Group complete over 300 projects, covering more than 180 million square feet.

Philanthropy

Beyond his contributions to the real estate industry, Irfan Razack is known for his philanthropic endeavors. He believes in giving back to society and actively engages in various initiatives focused on education, healthcare, and community welfare. He co-founded Inventure Academy in Bangalore in 2005 through the Educate India Foundation, a Prestige Group initiative aimed at delivering affordable international education with a focus on holistic development.

Career Timeline

2024

Karnataka Rajyotsava Award

Received the state's second-highest civilian honor.

2022

EY Entrepreneur of the Year

Awarded in the Energy, Real Estate, and Infrastructure category.

2005

Co-founded Inventure Academy

An initiative focused on delivering affordable international education with a focus on holistic development.

1986

Founded Prestige Estates Projects Limited

Expanded the family business from retail into real estate development.

Philanthropic Impact

EducationUndisclosed

Education Initiatives

Actively involved in various initiatives focused on education.

HealthcareUndisclosed

Healthcare Initiatives

Supports various healthcare causes.

Community DevelopmentUndisclosed

Community Development

Actively involved in community welfare.

Wealth Trajectory