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Billionaire Profile
Mangal Prabhat Lodha
Global Rank
#746

Image: Yashkolambekar | CC BY-SA 4.0 | via Wikimedia Commons

Mangal Prabhat Lodha

CEO, Real estate
INDIA
Real-Time Net Worth
$5.525B
Estimated based on Real estate stock value as of March 6, 2026
-1.56% (24h)
Age
70
Source
Real estate
Industry
Diversified
Citizenship
INDIA

Biography

Mangal Prabhat Lodha, born in December 1955, is an Indian billionaire businessman and politician, renowned for his significant contributions to the real estate sector. With a net worth estimated at $11 billion (as of January 2025), he is a prominent figure in India's wealthiest individuals. Lodha's wealth stems primarily from his real estate ventures, which he began in 1980 with the founding of Lodha Group (now Macrotech Developers). His career spans from building homes in Mumbai's suburbs to developing luxury skyscrapers and commercial properties, including the iconic Trump Tower in Mumbai. Beyond his business achievements, Lodha is also actively involved in politics, serving as a Member of the Legislative Assembly (MLA) representing the Malabar Hill constituency since 1995. He also served as the President of the Bharatiya Janata Party (BJP) in Mumbai.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

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, Guman Mal Lodha, was an independence activist and a former Chief Justice of the Guwahati High Court. Lodha pursued his education at the University of Jodhpur, earning a Bachelor of Commerce and a Bachelor of Law degree.

Rise to Success

In 1981, Lodha moved to Mumbai and founded Lodha Group, later known as Macrotech Developers. Initially focused on building middle-class homes, the company expanded into high-end residential and commercial properties in prime locations. His elder son, Abhishek Lodha, runs Macrotech Developers. The company invested over $1 billion in developing the township New Cuffe Parade. In 2021, Macrotech completed its IPO.

Key Business Strategies

Lodha emphasizes long-term vision, strategic land acquisitions, and timely project execution. He believes in creating value-driven developments that cater to a wide range of customers, from luxury buyers to middle-class families. The company has delivered over 60,000 homes and has 40 projects across Mumbai, Thane, Pune, Bengaluru, and London.

Philanthropy

Lodha and his family are involved in various philanthropic activities through the Lodha Philanthropy Foundation (LPF). In October 2024, Abhishek Lodha and his family transferred a significant portion of their shareholding in Macrotech Developers to the LPF.

Career Milestones

1980

Founded Lodha Group (now Macrotech Developers)

Established a real estate development company that would become one of India's leading firms.

1995

Elected as MLA

Began serving as a Member of the Maharashtra Legislative Assembly, representing the Malabar Hill constituency.

2019

President of BJP Mumbai Unit

Assumed the role of President of the Bharatiya Janata Party's Mumbai unit.

2021

Macrotech Developers IPO

Completed the Initial Public Offering (IPO) of Macrotech Developers.

2022

Minister of Skill Development and Entrepreneurship (Maharashtra)

Became Minister of Skill Development and Entrepreneurship (Maharashtra).

Philanthropy & Social Impact

Multiple

Lodha Philanthropy Foundation

N/A

Supports initiatives in women's empowerment, child development, environmental conservation, and Indian culture promotion.

Child Development

Lodha Genius Programme

N/A

Supports children from middle school to their first job.

Education

Justice Gumanmal Lodha Scholars Program

$100,000

Scholarships for Indian students at top global institutions.

Business Philosophy & Leadership

Notable Quotes

"The information is not available."

Leadership Principles

Timeliness

Emphasizing the importance of timely project completion in the real estate business.

High Standards

Ensuring that projects meet international guidelines from the start.

Innovation

Embracing innovation, including building luxury skyscrapers and smart cities.

Customer Trust

Emphasizing transparency and credibility.

Controversies & Challenges

2024

Interaction Session Controversy

Accusations of breaching the model code of conduct due to a public interaction session held a day before the voting day.

2017

Stamp Duty Evasion

Lodha's firm was ordered to pay a penalty for alleged stamp duty evasion.

2025

Trademark Dispute

A trademark dispute emerged between Mangal Prabhat Lodha's sons, Abhishek and Abhinandan, over the use of the Lodha brand name.

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