Billionaire Profile

Global Rank

#2700

Image: Unsplash Contributor | Unsplash License | via Unsplash

Irfan Razack

CEO, Real estate

INDIA

Real-Time Net Worth

$1.333B

Estimated based on Real estate stock value as of March 6, 2026

+0.28% (24h)

Age

Source

Real estate

Industry

Diversified

Citizenship

INDIA

Biography

Irfan Razack is an Indian billionaire entrepreneur and the Chairman and Managing Director of Prestige Group, a leading real estate development company in India. Born on October 30, 1953, Razack's career began with the family's garment business before he transitioned into real estate in 1986, formally establishing Prestige Estates Projects Limited. Under his leadership, Prestige Group has grown into one of India's top real estate companies, with a diverse portfolio of residential, commercial, retail, and hospitality projects. As of 2024, his net worth is estimated at $1.3 billion, making him one of India's most successful entrepreneurs. Razack is known for his visionary approach, commitment to excellence, and philanthropic endeavors. He has received numerous awards for his contributions to the real estate sector and is actively involved in various initiatives focused on education, healthcare, and community welfare. He was also awarded the Karnataka Rajyotsava Award in November 2024.

Fact Checked

Verified by Editorial Team

Live Data

Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Irfan Razack was born on October 30, 1953, in Bangalore, India. He comes from a Kutchi Memon family. His father, Razack Sattar, founded "Prestige House for Men," a fabric and tailoring shop in Bengaluru in 1950. Irfan Razack holds a Bachelor of Arts in Economics from Bangalore University.

Rise to Success

In 1986, Irfan Razack formally established Prestige Estates Projects Limited, expanding the family business into real estate development. Under his leadership, the company developed major residential, commercial, retail, and hospitality projects across Bengaluru, Chennai, Hyderabad, Kochi, Goa, and Mumbai. The company has successfully completed numerous projects. In a significant milestone, the wealth of Irfan Razack and his family surpassed $1 billion, driven by the rise in shares of Prestige Estates Projects.

Key Business Strategies

Irfan Razack's strategy involves a hands-on approach and a clear vision for growth. He identified opportunities by acquiring distressed projects and building a strong team. He focused on meticulous planning and customer satisfaction. Prestige Group's footprint has expanded to multiple cities, focusing on mid-market projects.

Philanthropy

Beyond his business endeavors, Irfan Razack is known for his philanthropic contributions. He actively supports initiatives in education, healthcare, and community welfare. He was the Honorary Secretary of the Al-Ameen Educational Society for 17 years and co-founded Inventure Academy, a K-12 International School in Bangalore.

Career Milestones

1950

Prestige Group Founded

Razack Sattar, Irfan Razack's father, established the Prestige Group with a fabric and tailoring shop in Bengaluru.

1986

Prestige Estates Projects Limited Established

Irfan Razack formally established Prestige Estates Projects Limited, expanding the family business into real estate development.

2010

Prestige Estates Projects IPO

Prestige Estates Projects went public, raising ₹12 billion.

2022

Recognized as Best CEO

Irfan Razack was recognized by India Today as Best CEO in the Real Estate category.

2024

Karnataka Rajyotsava Award

Irfan Razack received the Karnataka Rajyotsava Award, the state's second-highest civilian honour.

Philanthropy & Social Impact

Education

Al-Ameen Educational Society

Undisclosed

Served as Honorary Secretary for 17 years, supporting education.

Education

Inventure Academy

Undisclosed

Co-founded a leading K-12 International School in Bangalore.

Community Welfare

Rotary Midtown

Undisclosed

Former President, Paul Harris Fellow, involved in various activities

Business Philosophy & Leadership

Notable Quotes

"“We have the market, we have the buyers, we have the brand and we have the management that's capable of delivering the numbers.”"

"“In this business you have to be hands-on. You can't just sit in your air-conditioned office and expect things to happen. They won't.”"

Leadership Principles

Hands-on Approach

Actively involved in all aspects of the business, including construction site visits.

Visionary Leadership

Identifying and capitalizing on emerging opportunities in the real estate industry.

Customer-Centricity

Focusing on customer satisfaction and delivering quality construction.

Controversies & Challenges

2022

Land Dispute

Prestige Estates Projects Ltd. was involved in a land dispute concerning 3.2 acres near Whitefield, Bengaluru, the High Court upheld an earlier order which brought relief to the company.

2014

Tax Litigation

Irfan Razack was involved in income-tax matters, which was decided by the Karnataka High Court.

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