Billionaire Profile
Mofatraj Munot
Global Rank
#2707

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Mofatraj Munot

CEO, Real estate
INDIA
Real-Time Net Worth
$1.456B
Estimated based on Real estate stock value as of April 21, 2026
+1.6% (24h)
Age
81
Source
Real estate
Industry
Diversified
Citizenship
INDIA

Biography

Mofatraj Munot, an 81-year-old Indian real estate magnate, has built a substantial fortune in the real estate sector. With a net worth estimated at $1.4 billion as of March 2024, Munot is the founder and chairman of Kalpataru Group, a prominent real estate development company. His career, spanning over 45 years, includes significant achievements in property development and civil contracting. Munot is known for his strategic initiatives and leadership within the industry, and is considered one of the richest people in India.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/21/2026

Wealth Over Time

In-Depth Profile

Early Life

Mofatraj P. Munot was born in a small village in Maharashtra, India, in 1944. He completed his education in Mumbai, earning a degree in civil engineering from the University of Mumbai.

Rise to Success

After graduating, Munot began his career as a civil engineer, working for several construction companies before founding the Kalpataru Group in 1969. Under his leadership, Kalpataru Group has become a leading real estate development company in India, with projects spanning residential, commercial, and infrastructure sectors. Munot's strategic vision propelled the group to a Rs. 10,000 crore infrastructure conglomerate. He also secured lucrative construction contracts during the 1970s in the Middle East, including building the palace of the ruler of Sharjah.

Key Business Strategies

Munot expanded the group's interests beyond real estate to include power transmission, infrastructure EPC, civil contracting, property and facility management, and logistics and warehousing services. His focus on innovation, quality, and ethical business practices has been central to the company's success. His son, Parag Munot, is currently the Managing Director of Kalpataru Limited.

Philanthropy

Mofatraj Munot is also recognized for his philanthropic work, establishing the Mofatraj Munot Hospital in Pune, which provides free healthcare services to underprivileged communities. He is a trustee of The Munot Foundation, which organizes initiatives in education and healthcare.

Career Milestones

1969

Founded Kalpataru Group

Established Kalpataru Group, a real estate development company, marking the beginning of his entrepreneurial journey.

1970s

Secured Middle East Contracts

Obtained lucrative construction contracts in the Middle East, including building the palace of the ruler of Sharjah.

2023

Awarded at CREDAI - MCHI Golden Pillars Real Estate Awards

Received the Lifetime Achievement Award.

2024

Awarded at the Construction World Global Awards

Received the Lifetime Achievement Award.

Philanthropy & Social Impact

Healthcare

Mofatraj Munot Hospital

Undisclosed

Established the hospital in Pune, providing free healthcare services.

Business Philosophy & Leadership

Notable Quotes

"Good education and good health are the two pillars upon which the future of the country rests."

Leadership Principles

Innovation

Believes in innovation and incorporating it into Kalpataru's values, along with quality, prudence, and business ethics.

Philanthropy

Incorporates philanthropic efforts into his business practices.