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Latest revision as of 04:07, 23 October 2021
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.[1][2]
Raheja led his company to diversify into different businesses ever since the family businesses were split in 1996.[3][4]
Early life
Chandru Raheja was born in 1941, the son of Lachmandas Raheja, and has four brothers.[5] He has a bachelor's degree in law from the University of Mumbai.[6][7] His cousin Rajan Raheja is also a billionaire.[8]
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.[5] 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.[9]
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.[10] He guided K Raheja Corp for the development of the brand Mindspace which was dedicated to acquiring land for the construction of IT Parks.[11]
Apart from expanding the company, Raheja has been involved in sustainability through green buildings under the brand Mindspace.[12]
Personal life
Raheja is married to Jyoti C. Raheja, they have two children, Ravi and Neel, and live in Mumbai.[13][6] Ravi and Neel Raheja are group presidents of K Raheja Corp.[14]
References
- ↑ Stocks. Bloomberg(11 April 2017). Retrieved 16 April 2017.
- ↑ Chandru Raheja At a Glance. Forbes India.
- ↑ Meet India's 10 richest real estate developers. Hindustan Times.
- ↑ Chandru Raheja. Forbes.
- ↑ 5.0 5.1 Realty firm B Raheja split between brothers. Livemint(7 July 2008). Retrieved Jul 7, 2008.
- ↑ 6.0 6.1 Archived copy. Retrieved 16 April 2017.
- ↑ Chandru Lachmandas Raheja, Chairman, K Raheja Corp Pvt Ltd. Bloomberg.
- ↑ India's Global Wealth Club: The Stunning Rise of Its Billionaires and Their Secrets of Success{{#if:|, {{{last}}}}. John Wiley & Sons(2008). ISBN 978-0-470-82238-8
- ↑ INDIA'S NEW CAPITALISTS: Caste, Business, and Industry in a Modern Nation{{#if:Damodaran|, Damodaran}. Hachette UK(Nov 25, 2018). ISBN 9789351952800
- ↑ About Us. InOrbit Official Website.
- ↑ Raheja group to develop Mindspace techno-campus park in Cyberabad. ThehinduBusinessLine. Retrieved Aug 30, 2003.
- ↑ K Raheja Corp ranked amongst Best Workplaces in Real Estate 2018 by Great Place To Work Institute. Zricks.
- ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedforbes1 - ↑ Company Overview of K Raheja Corp. Private Limited. Bloomberg.