2401:4900:4B50:F0CF:3496:F6FA:3E6E:45DD at 04:07, 23 October 2021

2021-10-23T04:07:26Z

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{{Short description|Indian businessman and billionaire}}
{{Use dmy dates|date=April 2017}}
{{Infobox person
| name = Chandru Raheja
| image =
| image_size =
| caption =
| birth_name = Chandru Lachmandas Raheja
| birth_date = {{birth year and age|1941}}
| birth_place =
| death_date =
| death_place =
| nationality = Indian
| education = [[University of Mumbai]]
| occupation = Businessman
| title = CEO, [[K Raheja Corp]]
| term =
| predecessor =
| successor =
| known for =
| boards =
| salary =
| networth = US$2.9 billion <small>(April 2021)</small><ref name="forbes1">{{cite web|url=https://www.forbes.com/profile/chandru-raheja/ |title=Forbes profile: Chandru Raheja |work=Forbes.com |access-date=7 July 2021}}</ref>
| spouse = Jyoti C. Raheja
| children = 2 sons
| parents = [[Lachmandas Raheja]]
| relations = [[Rajan Raheja Group (conglomerate)]] (cousin)
| website =
}}

'''Chandru Lachmandas Raheja''' (born 1941) is an Indian billionaire businessman, and the chairman of [[K Raheja Corp]] which is involved in developing IT parks, hotels, malls, and running department store chains including [[Shoppers Stop]].<ref name="bloomberg1">{{cite web|author=Stocks |url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=27261595&privcapId=6071297 |title=Stocks |publisher=Bloomberg |date=11 April 2017 |access-date=16 April 2017}}</ref><ref>{{Cite web|url=http://www.forbesindia.com/richprofile/chandru-raheja/1433/64|title=Chandru Raheja At a Glance|website=Forbes India}}</ref>

Raheja led his company to diversify into different businesses ever since the family businesses were split in 1996.<ref>{{Cite news|url=https://www.hindustantimes.com/real-estate/meet-india-s-10-richest-real-estate-developers/story-9Io2nrtTcbSLGNpYYs9WfK.html|title=Meet India's 10 richest real estate developers|work=Hindustan Times}}</ref><ref>{{Cite web|url=https://www.forbes.com/profile/chandru-raheja/#25c47bbe3869|title=Chandru Raheja|website=Forbes}}</ref>

== Early life ==
Chandru Raheja was born in 1941, the son of [[Lachmandas Raheja]], and has four brothers.<ref name="auto">{{cite web|url= https://www.livemint.com/Companies/ELa27ZRmLOAWztNDbL1ILP/Realty-firm-B-Raheja-split-between-brothers.html |title = Realty firm B Raheja split between brothers|date = 7 July 2008| publisher= Livemint|access-date= Jul 7, 2008}}</ref> He has a bachelor's degree in law from the [[University of Mumbai]].<ref name="wcrcleaders.com">{{Cite web |url=http://wcrcleaders.com/pdf/ctb/3.pdf |title=Archived copy |access-date=16 April 2017 |archive-url=https://web.archive.org/web/20140717201236/http://wcrcleaders.com/pdf/ctb/3.pdf |archive-date=17 July 2014 |url-status=dead }}</ref><ref>{{Cite web|url=https://www.bloomberg.com/profile/person/7390024|title=Chandru Lachmandas Raheja, Chairman, K Raheja Corp Pvt Ltd|website=Bloomberg}}</ref> His cousin Rajan Raheja is also a billionaire.<ref name="Hiscock2008">{{cite book|author=Geoff Hiscock|title=India's Global Wealth Club: The Stunning Rise of Its Billionaires and Their Secrets of Success|url=https://books.google.com/books?id=YiLBD_IpgIkC&pg=PA250|access-date=16 April 2017|year=2008|publisher=John Wiley & Sons|isbn=978-0-470-82238-8|page=250}}</ref>

==Career==
Raheja established his own real estate firm in 1996 when the business was divided into three groups between Gopal Raheja, chairman of K Raheja Constructions, Suresh Raheja, chairman of K Raheja Universal and Chandru Raheja, the chairman of [[K Raheja Corp]], and [[Shoppers Stop]] Ltd.<ref name="auto" /> In the book ''India's New Capitalists: Caste, Business, and Industry in a Modern Nation,'' Harish Damodaran stated that Raheja-owned K Raheja Corp has emerged as the biggest business of the various entities which were formed after the split.<ref>{{Cite book|last=Damodaran|first=Harish|title=INDIA'S NEW CAPITALISTS: Caste, Business, and Industry in a Modern Nation|publisher=Hachette UK|date=Nov 25, 2018|isbn=9789351952800}}</ref>

Under Raheja's leadership, K Raheja Corp had made major progress in the residential and commercial real estate space, and ventured out into other segments. With the departmental store chain [[Shoppers Stop]], established in 1991 under the banner of K Raheja Corp, the group expanded into building malls like InOrbit in 2004.<ref>{{Cite web|url=https://www.inorbit.in/aboutus|title=About Us|website=InOrbit Official Website}}</ref> He guided K Raheja Corp for the development of the brand [[Raheja Mindspace|Mindspace]] which was dedicated to acquiring land for the construction of IT Parks.<ref>{{cite web|url=https://www.thehindubusinessline.com/bline/2003/08/30/stories/2003083001751700.htm|title =Raheja group to develop Mindspace techno-campus park in Cyberabad| publisher=ThehinduBusinessLine|access-date= Aug 30, 2003}}</ref>

Apart from expanding the company, Raheja has been involved in sustainability through green buildings under the brand [[Raheja Mindspace|Mindspace]].<ref>{{Cite web|url=https://www.zricks.com/Updates/K-Raheja-Corp-ranked-amongst-Best-Workplaces-in-Real-Estate-2018-by-Great-Place-To-Work-Institute/5910|title=K Raheja Corp ranked amongst Best Workplaces in Real Estate 2018 by Great Place To Work Institute|website=Zricks}}</ref>

== Personal life ==
Raheja is married to Jyoti C. Raheja, they have two children, Ravi and Neel, and live in Mumbai.<ref name="forbes1" /><ref name="wcrcleaders.com" /> Ravi and Neel Raheja are group presidents of K Raheja Corp.<ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=27261588&privcapId=32856919|title=Company Overview of K Raheja Corp. Private Limited|publisher=[[Bloomberg L.P.|Bloomberg]]}}</ref>

==References==
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[[Category:1941 births]]
[[Category:Indian billionaires]]
[[Category:Living people]]

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Chandru Raheja - Revision history

2401:4900:4B50:F0CF:3496:F6FA:3E6E:45DD at 04:07, 23 October 2021