Mangal Prabhat Lodha

$5.01 B

Ranked #846 in World

About Mangal Prabhat Lodha

Renowned Indian billionaire and Mumbai's leading real estate mogul, Mangal Prabhat Lodha, serves as the Tourism and Skill Development Minister of Maharashtra. The Forbes-listed tycoon, with an estimated net worth of $7.2 billion, also holds the presidency of the BJP's Mumbai unit and represents Malabar Hill as an MLA. Macrotech Developers, the firm he founded, is known for high-profile projects like World One. Influential in Maharashtra's politics, Lodha has spearheaded significant legislation, including the RTI. Equally notable is his family's key involvement in the sector, with his sons heading their own ventures.

Born

December 01, 1955 in Jodhpur, Rajasthan, India

Age

70 years

Source Of Wealth

Real Estate

Industries

Real Estate

Citizenship

India

Residence

Mumbai

Spouse

Manju Lodha

Children

Two sons

Parent

Guman Mal Lodha (father)

Mangal Prabhat Lodha was born and brought up in a Marwari Jain family in Jodhpur, Rajasthan. 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 and practised law in the Jodhpur High Court before moving to Mumbai in 1981 to lay the foundation of the Lodha Group.

Mangal Prabhat Lodha: Family

Mangal Prabhat Lodha is married to Sangeeta Lodha, and they have two sons, Abhishek and Abhinandan. Abhishek Lodha is the elder son and runs Macrotech Developers, while Abhinandan Lodha founded Lodha Ventures in 2015 and The House of Abhinandan Lodha in 2021.

Mangal Prabhat Lodha: Career Highlights

Mangal Prabhat Lodha is the founder of Macrotech Developers (erstwhile Lodha Developers), a Mumbai-based real estate developer. The company has multiple projects under construction, including the Mumbai luxury high-rise World One. Lodha has also invested over $1 billion in developing the township New Cuffe Parade.

Mangal Prabhat Lodha: Companies

Mangal Prabhat Lodha is the founder and chairman of Macrotech Developers, a leading real estate developer in India. The company has a diverse portfolio of residential, commercial, and retail properties across India. Lodha is also the founder of Lodha Ventures, a venture capital firm that invests in early-stage startups.

Mangal Prabhat Lodha: Major Achievements

Mangal Prabhat Lodha has been instrumental in the development of Mumbai's skyline. He is credited with the construction of some of the city's most iconic landmarks, including the World One, the tallest residential building in the world. Lodha has also been actively involved in politics and has served as a Member of the Legislative Assembly of Maharashtra for five consecutive terms since 1995.

Mangal Prabhat Lodha: Awards & Achievements

Mangal Prabhat Lodha has received numerous awards and recognitions for his contributions to business and society. Some of his notable awards include the Padma Bhushan, India's third-highest civilian honour, and the Ernst & Young Entrepreneur of the Year Award.

Lodha has also been ranked among the richest people in India by Forbes magazine.

Mangal Prabhat Lodha: Personal Life & Legacy

Mangal Prabhat Lodha is known for his philanthropic activities and has made significant contributions to various social causes. He is the founder of the Lodha Foundation, which works in the areas of education, healthcare, and rural development. Lodha is also a patron of the arts and has supported various cultural initiatives.

Mangal Prabhat Lodha: Trivia

Mangal Prabhat Lodha is an avid art collector and has a private collection of over 1,000 works of art. He is also a keen sportsman and enjoys playing tennis and golf. Lodha is a member of several prestigious clubs and organisations, including the Bombay Gymkhana and the Royal Western India Turf Club.

Wealth History

Timeline

1961

Mangal Prabhat Lodha was born in Jodhpur, Rajasthan, India.

1981

Lodha moved to Mumbai and laid the foundation of the Lodha Group.

1995

Lodha was elected as a Member of the Legislative Assembly (MLA) of Maharashtra Vidhan Sabha, representing the Malabar Hill constituency for the first time.

2014

Lodha proposed the building of a coastal freeway from Nariman Point to Virar and from Nariman Point to Ghatkopar through Eastern Freeway.

2015

Lodha's younger son, Abhinandan Lodha, founded Lodha Ventures.

2021

Lodha Developers' shares started trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

2021

Abhinandan Lodha founded The House of Abhinandan Lodha.

Mangal Prabhat Lodha : FAQs

What is Mangal Prabhat Lodha's current net worth?

Mangal Prabhat Lodha's current net worth is $5.01 billion.

What is Mangal Prabhat Lodha's current global rank among billionaires?

Mangal Prabhat Lodha holds the 846th position globally among billionaires.

What is Mangal Prabhat Lodha's current ranking within the India?

Mangal Prabhat Lodha holds the 38th position in India.

What was the change in Mangal Prabhat Lodha's net worth compared to the previous year?

Mangal Prabhat Lodha's net worth decreased by 1.64 billion dollars compared to the previous year 2025, when his net worth was 6.65 billion dollars.

What are Mangal Prabhat Lodha's main sources of wealth?

Mangal Prabhat Lodha's main source of income comes from Real Estate.

In which industry does Mangal Prabhat Lodha primarily operate?

Mangal Prabhat Lodha is primarily involved in the Real Estate industry.

How old is Mangal Prabhat Lodha?

Mangal Prabhat Lodha is 70 years old.

How many children does Mangal Prabhat Lodha have?

Mangal Prabhat Lodha has 2 children.

What is Mangal Prabhat Lodha's background and educational qualifications?

Mangal Prabhat Lodha was born and raised in a Marwari Jain family in Jodhpur. His father, Guman Mal Lodha, was an independence activist and former chief justice. Mangal completed a B.Com and LLB from the University of Jodhpur, then practiced law at the Jodhpur High Court before moving to Mumbai in 1981 and founding the Lodha Group.

What are some key achievements of Macrotech Developers founded by Mangal Prabhat Lodha?

Macrotech Developers, founded by Mangal Prabhat Lodha, is known for constructing the luxury high-rise World One in Mumbai. The company has invested over $1 billion in the New Cuffe Parade township. It went public with shares trading on NSE and BSE since April 19, 2021. Mangal's elder son, Abhishek Lodha, runs the company, while his younger son, Abhinandan Lodha, has established Lodha Ventures and The House of Abhinandan Lodha.

What has been Mangal Prabhat Lodha's political career trajectory?

Mangal Prabhat Lodha's political career includes being an active member of the Akhil Bharatiya Vidhyarthi Parishad in his youth, and serving as an MLA for the Malabar Hill constituency in Maharashtra for five terms since 1995. He has contributed to the introduction of the RTI Act in Maharashtra, the establishment of an Animal Welfare Board, the law against cow slaughter, and proposed the construction of the coastal freeway project in Mumbai.

How has Mangal Prabhat Lodha contributed to real estate and infrastructure in Mumbai?

Mangal Prabhat Lodha has significantly impacted Mumbai's real estate and infrastructure through his company, Macrotech Developers, by building prominent projects like World One and investing in the development of New Cuffe Parade. As a politician, he proposed infrastructural developments including a coastal freeway connecting Nariman Point to Virar and Ghatkopar.