Chandru Raheja
Chandru Raheja
At a Glance
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Age75
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Earnings$ 2.1 Billion
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Source of earningsReal Estate
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Marital StatusMarried
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Children2
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ResidenceMumbai
Forbes India Lists
#44 India Rich List 2015
#42 India Rich List Rank 2014
#32 India Rich List Rank 2013
Profile
Amid Mumbai's weak real estate market, property magnate's K. Raheja Corp. is holding its own due to its focus on commercial real estate such as malls, IT parks and hotels. Department store chain Shopper's Stop, his only listed asset, recently tied up with e-commerce firm Snapdeal in bid to boost online sales to 10% of revenues from 1% currently. Gigaplex, Raheja's 5-millionsquare-foot complex of IT offices in the satellite city of Navi Mumbai, has signed tenants such as Accenture and Axis Bank. Sons Ravi and Neel help him run the company.
