Chandru Raheja’s reputation stems from his company’s developments in IT parks, hotels, malls, and the popular department store chain, Shoppers Stop.
India boasts a multitude of successful businessmen who have made their mark in diverse industries, including IT, real estate, manufacturing, and more. Some inherited their family businesses, while others built their own empires through sheer grit and determination. Meanwhile, others forged their path by establishing new companies after family business splits.
Chandru Lachmandas Raheja, born in 1941, is a renowned Indian billionaire businessman and chairman of K Raheja Corp, a leading property developer in India. With a net worth of over $4 billion, he is known as India’s real estate tycoon.
Chandru Raheja is the Chairman of K Raheja Corp, a prominent Indian property developer involved in diverse sectors such as IT parks, hotels, malls, and department store chains including Shoppers Stop. Following the split of the family businesses in 1996, Raheja led his company to expand into various industries. He also owns Chalet Hotels, which operates several upscale hotels, including the JW Marriott in Mumbai and the Westin in Hyderabad.
Chandru Raheja holds a law degree from the University of Mumbai. As of April 24, 2023, his net worth is estimated to be $3.8 billion (Rs 311,761,906,600) by Forbes, and he was ranked 748th in the latest Billionaires’ List. In 2022, he was ranked 46th in India’s Richest.
Chandru Raheja is a resident of Mumbai and is married to Jyoti C Raheja. His sons, Ravi Raheja and Neel Raheja, manage K Raheja Corp, which owns several well-known brands including Mindspace, Commerzone, Crossword Bookstores and Shoppers Stop. The company is reportedly the second-largest commercial developer in India.