Logo
SubscribeSign In
LeaderPortfolio
Billionaire Profile
Mangal Prabhat Lodha
Global Rank
#527

Image: Public domain | via Wikimedia Commons

Mangal Prabhat Lodha

CEO, Macrotech Developers (Lodha Group)
IN
Real-Time Net Worth
$7.2B
As of December 2025
Age
70
Source
Real estate
Industry
real-estate
Citizenship
IN

Biography

Mangal Prabhat Lodha is an Indian billionaire businessman and politician, currently serving as the Minister of Skill Development and Entrepreneurship in Maharashtra. Born in Jodhpur, Rajasthan, in December 1955, Lodha is the founder of Macrotech Developers (formerly Lodha Developers), a leading real estate company in India. His wealth source is primarily real estate, with an estimated net worth of $7.2 billion. Lodha's career began in law before he transitioned to real estate, building a significant presence in Mumbai's skyline. He is also actively involved in politics, having been a Member of the Legislative Assembly (MLA) representing Malabar Hill since 1995.

Wealth Over Time

In-Depth Profile

Early Life and Education

Mangal Prabhat Lodha was born in Jodhpur, Rajasthan, India, in a Marwari Jain family. His father, Guman Mal Lodha, was an independence activist and former chief justice of the Guwahati High Court. Lodha completed his B.Com and LLB from the University of Jodhpur. Initially, he practiced law in the Jodhpur High Court.

Rise to Success

In 1981, Lodha moved to Mumbai and founded the Lodha Group, now known as Macrotech Developers. The company focused on building residential and commercial properties. Under his leadership, the company developed various projects, including World One, a luxury high-rise in Mumbai. Macrotech Developers went public in April 2021.

Key Business Strategies

Lodha's business strategies included strategic land acquisitions and timely project execution. He emphasized creating value-driven developments for a wide range of customers. His company invested over $1 billion in the New Cuffe Parade township. Lodha's leadership style focuses on innovation, quality, and customer satisfaction. Macrotech Developers has also partnered with celebrities to be brand ambassadors.

Philanthropy

Mangal Prabhat Lodha is involved in philanthropy through the Lodha Foundation, which supports various cultural and social activities.

Career Milestones

1980

Founded Lodha Group (now Macrotech Developers)

Founded the real estate company in Mumbai.

1995

Elected as MLA

Became a Member of the Legislative Assembly representing Malabar Hill.

2021

Macrotech Developers IPO

The company went public with shares trading on NSE and BSE.

2022

Minister of Skill Development

Became the Minister of Skill Development and Entrepreneurship, Maharashtra.

Philanthropy & Social Impact

Social Activities

Lodha Foundation

Undisclosed

Supports cultural and social activities.

Business Philosophy & Leadership

Leadership Principles

Timeliness

Emphasis on adhering to project timelines in the real estate business.

High Standards

Ensuring international guidelines are met from the start of every project.

Innovation

Building luxury skyscrapers and smart cities.

Customer Trust

Emphasizing transparency and credibility.