Mofatraj Munot
Mofatraj Munot
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At a Glance
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Age69
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Earnings$1240 Million
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Source of earningsReal Estate
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Marital StatusWidower
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Children3
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ResidenceMumbai
Forbes India Lists
#52 India Rich List 2013
Profile
Founder of Mumbai property developer Kalpataru; Mofatraj Munot and his son Parag, who helps run the privately held company, are busy despite the slump in property sales. After sealing $200 million deal earlier this year to acquire 108 acres in suburban Mumbai from Bayer's Indian arm, they have announced a slew of new projects. The biggest is a 9.5-million-square-foot township on the new site. Another showpiece is Kalpataru Avana, a midtown luxury condo. He's also built a medical clinic that offers free treatments in Ahmedabad and plans to build another in Mumbai.
