Meet Arjun Menda, IIT alumnus with web value Rs 37,000 crore, India’s third richest actual property tycoon | Photo: rmzcorp.com
Relatively unknown billionaire Arjun Menda made a cracking debut on the Grohe-Hurun India wealthy checklist 2023, climbing on to the third place. Arjun Menda and his household, who run Bengaluru-based RMZ Corp are solely behind the Lodha Group household and DLF boss Rajiv Singh. Menda’s web value has been pegged at a whopping Rs 37,000 crore.
While Menda at present instructions large wealth, he rose from humble beginnings to construct his multi-crore empire. Born in Shikarpur Singh which is now in Pakistan, Menda and his household have been pressured to depart all their belongings and property behind once they relocated to India through the partition.
While the household didn’t have a lot assets, scholarship helped Arjun Menda research at IIT Kharagpur. Giving again to the society, Menda’s basis at present helps tons of of scholars pursue their goals with scholarships yearly.
With a level from a prestigious establishment, Menda began his profession with Mahindra & Mahindra Limited as an industrial engineer. His journey as a businessman began from a small-scale unit in Bengaluru in 1967. After just a few years, he modified his life’s observe to enterprise into actual property within the Eighties. His two sons Raj and Manoj Menda take care of the enterprise. RMZ Corp was based in 2002.
Today, his firm is likely one of the leaders in building of company places of work within the software program locations of Hyderabad, Bengaluru, Pune and Chennai. Arjun Menda is married to the sister of Chandru Raheja who can also be an actual property tycoon and the chairman of Ok Raheja Corp. Raheja stands simply behind Menda on the actual property wealthy checklist with a web value of Rs 26,620 crore.
