Chandru Lachmandas Raheja (born 1941) is an Indian billionaire businessman, and the chairman of
K Raheja Corp
K Raheja Corp is a property developer in India with interests in commercial and residential projects, malls and hospitality across multiple cities in the country. It owns the brands Raheja Mindspace, Mindspace, Commerzone, Crossword Bookstores ...
which is involved in developing IT parks, hotels, malls, and running department store chains including
Shoppers Stop
Shoppers Stop is an Indian department store chain, owned by the K Raheja Corp. There are 108 stores across 45 cities in India, with clothing, accessories, handbags, shoes, jewellery, fragrances, cosmetics, health and beauty products, home fur ...
.
Raheja led his company to diversify into different businesses ever since the family businesses were split in 1996.
As per Forbes list of India’s 100 richest tycoons, dated OCTOBER 09, 2024, Chandru Raheja is ranked 59th with a net worth of $5.4 Billion.
Early life
Chandru Raheja was born in 1941, the son of
Lachmandas Raheja, and has four brothers.
He has a bachelor's degree in law from the
University of Mumbai
University of Mumbai is a public state university in Mumbai. It is one of the largest university systems in the world with over 549,000 students on its campuses and affiliated colleges. , the university had 711 affiliated colleges.
It was est ...
.
His cousin Rajan Raheja is also a billionaire.
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
K Raheja Corp is a property developer in India with interests in commercial and residential projects, malls and hospitality across multiple cities in the country. It owns the brands Raheja Mindspace, Mindspace, Commerzone, Crossword Bookstores ...
, and
Shoppers Stop
Shoppers Stop is an Indian department store chain, owned by the K Raheja Corp. There are 108 stores across 45 cities in India, with clothing, accessories, handbags, shoes, jewellery, fragrances, cosmetics, health and beauty products, home fur ...
Ltd.
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.
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
Shoppers Stop is an Indian department store chain, owned by the K Raheja Corp. There are 108 stores across 45 cities in India, with clothing, accessories, handbags, shoes, jewellery, fragrances, cosmetics, health and beauty products, home fur ...
, established in 1991 under the banner of K Raheja Corp, the group expanded into building malls like InOrbit in 2004. He guided K Raheja Corp for the development of the brand
Mindspace which was dedicated to acquiring land for the construction of IT Parks.
Apart from expanding the company, Raheja has been involved in sustainability through green buildings under the brand
Mindspace.
Personal life
Raheja is married to Jyoti C. Raheja, they have two children, Ravi and Neel, and live in Mumbai.
Ravi and Neel Raheja are group presidents of K Raheja Corp.
References
1941 births
Indian billionaires
Living people
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