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Tuesday, September 26, 2023

Meet Mumbai law graduate with net worth Rs 32900 crore who owns Shopper’s Stop, cousin is also a billionaire

Chandru Raheja has constructed IT parks, inns, malls and division retailer chain Shoppers Stop.

Chandru Raheja leads the Okay Raheja Corp. His household opened India’s first departmental retailer in 1991. This group also owns Shoppers Stop. The household runs departmental shops, workplace parks and inns.

Chandru Raheja is amongst 4 brothers who joined owned a large property enterprise. Raheja opened his separate enterprise in 1996. His Okay Raheja Corp is now certainly one of Mumbai’s main builders. His sons, Neel and Ravi, run the group.

Chandru Raheja has constructed IT parks, inns, malls and division retailer chain Shoppers Stop.

He also owns inns like Mumbai’s JW Marriott and Hyderabad’s Westin.

Raheja household has three listed corporations — Mindspace REIT, Shoppers Stop and Chalet Hotels. The market worth of those corporations is Rs 37000 crore. 

In 2005, he purchased a land in Hyderabad stuffed with boulders. The similar land now supplies workplace areas to Google, Microsoft, TCS and Tech Mahindra. 

Shopper Stop’s market cap has gone as much as Rs 8500 crore.

No one is the chairperson of the businesses. The board of the corporate takes all the key choices in issues involving greater than Rs 5 crore.

Due to those choices, household’s net worth has gone up from 1.8 billion {dollars} in 2013 to 4 billion {dollars}, Forbes reported.

Chandru Raheja was born in 1941. He is the son of Lachmandas Raheja. He has 4 brothers. He studied law from the University of Mumbai. His cousin Rajan 

Raheja is also a billionaire.

His net worth is Rs 32900 crore. His cousin, Rajan Raheja, owns Exide Industries and has a net worth of three billion {dollars}.

Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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