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Mangal Lodha – Billionaire

Mangal Prabhat Lodha (born 18 December 1955) is an Indian politician and vice-president of the Bharatiya Janata Party (BJP), Maharashtra, and is the founder of the Lodha Group—a Mumbai-based real estate developer into housing and commercial projects. He is also the Member of the Legislative Assembly (MLA) from Malabar Hill in South Mumbai and an active social worker.

Early Life and Education

Mangal Prabhat Lodha was born and brought up in bhinmal, a place in Marwar, Rajasthan and is the son of Shri Guman Mal Lodha, a freedom fighter and the chief justice of the Guwahati High Court. He is married to Mrs. Manju Lodha and has two sons, Abhishek and Abhinandan. Mr. Lodha completed his B.Com and LLB from the University of Jodhpur and practiced law in the Jodhpur High Court. Once his father was appointed a judge in the same court, he moved his practice from this court as he believed that it would be inappropriate to practice in the same court in which his father was the judge. In 1981, he moved to Mumbai and laid the foundation of the Lodha Group, which over the years, has grown into one of India’s leading real estate companies.

Career in Real Estate Development

His firm, Lodha Developers, currently has 30 projects under construction covering 35 million square feet, including a 117-story luxury high-rise in central Mumbai called “World One,” with some apartments being designed by world-renowned designer Giorgio Armani. His company was famous for investing over $1 billion in developing New Cuffe Parade, an upcoming township that comprised four 63-storey towers on a 23-acre site. The company is currently being run by his sons, Abhishek and Abhinandan.

Early Political Career

Even from a young age, Lodha was interested in politics and national issues and was an active member of the Akhil Bharatiya Vidhyarthi Parishad (ABVP) in his youth. After passing the mantle of running the business to his sons, Mangal Prabhat Lodha made a conscious decision to devote his remaining time to the service of society.

Source:

  1. wikipedia

 

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