Billionaire Profile

Global Rank

#821

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Mangal Prabhat Lodha

CEO, Real estate

INDIA

Real-Time Net Worth

$5.241B

Estimated based on Real estate stock value as of April 20, 2026

-1.72% (24h)

Age

Source

Real estate

Industry

Diversified

Citizenship

INDIA

Biography

Mangal Prabhat Lodha, born in Jodhpur, Rajasthan, is a prominent Indian businessman and politician. His wealth stems from his successful ventures in the real estate sector, where he founded Macrotech Developers (formerly Lodha Group) in 1980. Lodha's career includes developing significant residential and commercial properties in Mumbai and beyond. With a net worth estimated at $6.0 billion, he is a well-known figure in India's business and political landscape. Lodha has also served as a Member of the Legislative Assembly (MLA) in Maharashtra since 1995 and is actively involved in philanthropic initiatives through the Lodha Foundation.

Fact Checked

Verified by Editorial Team

Live Data

Updated 4/20/2026

Wealth Over Time

Portfolio Holdings

Macrotech Developers

In-Depth Profile

Early Life and Education

Mangal Prabhat Lodha was born in December 1955, in Jodhpur, Rajasthan, into a Marwari Jain family. His father was a freedom fighter and former Chief Justice of the Guwahati High Court. Lodha completed his B.Com and LLB degrees from the University of Jodhpur and began practicing law in the Jodhpur High Court.

Rise to Success

In 1981, Lodha moved to Mumbai and laid the foundation for the Lodha Group, now known as Macrotech Developers. He started by building homes for the middle class in Mumbai's suburbs. Under his leadership, the company expanded rapidly, acquiring prime land parcels and entering the commercial and luxury market. Notable projects include World One and Trump Tower Mumbai.

Key Business Strategies

Lodha's strategic approach involved acquiring valuable land, timely project execution, and a deep understanding of market demands. His focus on quality and luxury has set benchmarks in the real estate sector. The company expanded beyond Mumbai, with projects in Pune, Bengaluru, and London.

Philanthropy

Lodha is known for his philanthropic activities. He founded the Lodha Foundation, which supports education, healthcare, and rural development. His son, Abhishek, transferred a significant portion of his shareholding in Macrotech Developers to the Lodha Philanthropy Foundation. This foundation focuses on initiatives related to women, children, environment, and Indian culture.

Career Milestones

1980

Founded Lodha Group

Established Lodha Group (now Macrotech Developers), a real estate development company, in Mumbai.

1995

Member of the Maharashtra Legislative Assembly

Elected as the Member of the Legislative Assembly of Maharashtra, representing the Malabar Hill constituency.

2022

Minister of Skill Development and Entrepreneurship (Maharashtra)

Appointed as the Minister of Skill Development and Entrepreneurship in the Maharashtra Government.

Philanthropy & Social Impact

Education, Healthcare, Rural Development

Lodha Foundation

Undisclosed

Supports education, healthcare, and rural development.

Controversies & Challenges

2018

Anti-profiteering probe

The Directorate General of Anti-Profiteering (DGAP) started a probe against the Lodha group for alleged profiteering.

2023

Remarks on Shivaji and 'love jihad'

Controversy over remarks on Chhatrapati Shivaji and 'love jihad'.

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