Rajan Raheja

Chairman, Rajan Raheja Group

Birth Details1953

NationalityIndian

LeagueBusiness Leader

EducationBachelor’s Degree, University of Mumbai

Net Worth$1.84 billion (As of October 7, 2020)

Rajan Raheja's Assets:

Rajan Raheja Group
Stake in Exide Industries Limited
Stake in Prism Johnson Limited
Stake in Supreme Petrochem Limited

Rajan Raheja's Journey so far ...

Ranjan Raheja started his professional career working in his family's real estate business
But he soon formed his own venture the Rajan Raheja Group. In the years that followed, he diversified his business into various sectors
In 1981, he formed a construction firm R. Raheja Properties and currently serves as one of its board members
His group collaborated with Supreme Industries Ltd. to venture into the petrochemicals business. Raheja has been a board member of the joint venture -Supreme Petrochemical Ltd. since 1989
Raheja moved into the building materials sector with the formation of Karan Cement Ltd. in 1992. The company was renamed Prism Cement Ltd. in 1994
To further its presence in the building materials sector, his company acquired the ceramic tile manufacturer H & R Johnson (India) in 1993
Raheja bought a majority stake in the battery-maker Exide Industries Ltd. in 1994 and was appointed as vice-chairman in 2019. Earlier he served as one of its board members
Over the years, he also has had holdings in several hotels and hospitality businesses, and has been a board member in several of them including Juhu Beach Resorts Ltd., EIH Associated Hotels Ltd. (1993-2015), EIH Ltd. (2002-2014)
Prism Cement was renamed Prism Johnson Ltd. in 2018 and Raheja continues to be on its board
His group also has presence in the publishing and media industry and owns the Outlook magazine
Some other industries in which the Rajan Raheja Group has interests include the cable TV and broadband Internet services sector with Hathway Cables & Datacom Ltd., the finance and insurance sector with Exide Life Insurance (formerly known as ING Vysya Life Insurance Co Ltd.)

Before you go ...

Raheja maintains a low profile and takes part in the group's various philanthropic activities

Last Updated: 26/03/2021

Rajan Raheja News

World Bank member IFC invests Rs 650 cr in Mindspace REIT’s sustainability-linked bondsGlobal development institution International Finance Corporation (IFC), a member of the World Bank Group, has invested over Rs 650 crore in K Raheja Corp-backed Mindspace Business Parks REIT through an issue of sustainability-linked bonds.
Shoppers Stop aims to open 60 new INTUNE stores in FY25Shopper Stop plans to open 60 new INTUNE stores this fiscal, aiming to capitalize on mass premium opportunities in India's value fashion sector. With strategic investments in merchandising and analytics, the retailer is expanding its private labels and beauty brands to cater to evolving consumer preferences and growing brand consciousness.
Former RBI Governor Raghuram Rajan warns against fake videos of him recommending stocksFormer Reserve Bank of India (RBI) Governor Raghuram Rajan has cautioned investors against fake videos of him circulating on social media, giving investment tips, especially on individual stocks.
Banks may not be sexy but there are pockets of value; buy dips in defence, capital goods stocks: Nitin RahejaNitin Raheja says the faster the growth and the better the growth, the more the capital markets are likely to trend upwards. But there would be periods of consolidation. Structurally, if you look at where we stand and capital markets being a proxy for the GDP and growth, it is a good place to be in, it is a great way to compound money.
In search of 'decent work'Former RBI Dy Guv Mohan said India could not break out of lower-income levels without massive employment in low-wage manufacturing. Lack of 'decent jobs' was so acute that Uttar Pradesh had 4 mn applicants for 60,000 constable jobs. India's labour force participation was barely 50% against 78% for Vietnam, 76% for China, and 65% for Indonesia. This underemployed mass could not be employed fully in services. So, it was essential to boost manufactured exports - that alone would produce enough 'decent jobs'.
Single-owned commercial assets outperform strata properties across key India citiesThese assets in pockets of key regions such as Mumbai, Bengaluru, Pune, Gurgaon, and Chennai have demonstrated rental yield advantages of up to 32%. For example, in Pune’s South West region, single-owned properties showed an 18% higher rental yield compared with strata properties, while in Chennai’s Southern Suburbs II, the difference was 32%, showed data from CRE Matrix.
Investors rejoice: Surakshit Nivesh Yojna (PDPMY Phase-2) launches at Delhi Mall ComplexRaheja Developers launches Surakshit Nivesh Yojna (PDPMY Phase-2) at Delhi Mall Complex, offering investment opportunities with shop sizes from 40-150 Sq. Ft. and special benefits for senior citizens and women.
Gangster Chhota Rajan convicted in 2001 case of murder of Mumbai hotelier Jaya ShettyMumbai special court convicted gangster Chhota Rajan for the 2001 murder of hotelier Jaya Shetty. The court found Rajan guilty under the IPC provisions for murder. The victim, who owned Golden Crown hotel, was shot dead by alleged gang members amid extortion threats. Court to determine punishment later.
Investors must take Rajan’s promise, not Pitroda's threatInvestors are anxious about the potential impact of the ongoing general elections on economic policies. The possibility of the INDIA alliance, led by the Congress Party, coming to power has raised fears of a significant policy shift, particularly following suggestions of introducing an inheritance tax. However, it's important for investors to differentiate between exaggerated concerns and actual risks.
Raghuram Rajan on politics: ''My business is not kissing babies''Former RBI governor Raghuram Rajan dispels political rumors, supports Rahul Gandhi's leadership, and advocates for faster Indian economic growth by 2047. He critiques India's current growth rate and job creation efforts, emphasizing the need for faster development.
India to stick to policy path even if Modi loses, says Raghuram RajanFormer central bank Governor Raghuram Rajan addressed concerns about possible selloff in financial markets if the Bharatiya Janata Party loses support post-Indian elections. Rajan emphasized the need for economic reforms and infrastructure quality improvement.
Kerala: Heavy rain predicted for next 24 hours, IMD issues orange alert for several districtsKerala grapples with relentless downpours, with some areas witnessing over 200 mm of rain within 24 hours. Kochi and Thrissur face inundation. The India Meteorological Department (IMD) issues an Orange alert for Pathanamthitta, Kottayam, and Idukki. A low-pressure area in the Arabian Sea heightens rainfall, while another system in the Bay of Bengal threatens to intensify into a cyclonic storm. Preparedness efforts are underway as casualties and damage rise.
JLR plans to start making flagship Range Rover model in IndiaThe local assembly will translate into a 18-22% price reduction, Amba said. The Range Rover will drop to Rs 2.6 crore from Rs 3.3 crore while the Range Rover Sport will fall to Rs 1.4 crore from Rs 1.8 crore. India levies a duty of 15% on completely knocked down kits and more than 100% on imported models.
Kerala rains: IMD issues Orange alert for three districtsHeavy rains continue to batter Kerala with parts of the state receiving over 200 mm of rain in 24 hours causing waterlogging in cities like Kochi and Thrissur. The India Meteorological Department (IMD) issued an Orange alert for three districts, including Pathanamthitta, Kottayam and Idukki districts. As many as 11 deaths have been reported due to rain-related incidents. Relief camps have been set up and efforts are underway to mitigate the impact of the ongoing heavy rains.
Pune Porsche crash: Former Shiv Sena corporater alleges minor’s grandfather met Chota Rajan, gave ‘supari’ to kill himFormer Shiv Sena corporater Ajay Bhosale alleged that in 2009 the grandfather of a minor accused in car accident in Pune had met Chota Rajan in Bangkok and conspired to kill him. Ajay Bhosale said, “In 2009 the grandfather of a minor accused in a car accident had met Chota Rajan in Bangkok and conspired to kill me. The case is going on in CBI Court in Mumbai, and his grandfather is accused but still not arrested. This family has a criminal history and I am also the victim of this family. They can do anything with the power of the money they have with them.”Pune Porsche crash: Former Shiv Sena corporater alleges minor’s grandfather met Chota Rajan, gave ‘supari’ to kill him
Pune hit and run case: Porsche owner's family's connection with Chhota Rajan comes to lightAccused sought help from Chhota Rajan in Pune hit and run. Two died in Kalyani Nagar car-motorcycle collision. Arrests made under Juvenile Justice Act. Juvenile accused granted bail with conditions. Charged under IPC sections 304A, 279, 337, 338, 427 and Maharashtra Motor Vehicle Act.
Global fund KKR puts Lighthouse on the Block, eyes $1.2 billion valuationKKR & Co is set to sell its education portfolio in India, Lighthouse Learning, with a valuation of $1-1.2 billion. The group operates over 1,350 pre-schools and 45 schools, attracting interest from global educational institutions and PE funds. Lighthouse has seen increasing student numbers and revenue growth, with expectations to reach Rs 1000-1200 crore by fiscal year 2024.
Kerala govt activates emergency operation centres amidst heavy rainsKerala government opens emergency operation centres in all districts to tackle heavy rains, mudslides, and issues warnings to tourists about possible landslides in hilly areas. Safety boards will be installed to warn travellers, and night travel bans may be imposed in hilly areas. District collectors address intense water logging, uprooting of trees, and Health Minister Veena George warns about epidemics.
India needs to focus on manufacturing, achieve greater sophistication: Nirmala Sitharaman to Indian IncFinance Minister Nirmala Sitharaman flagged the need for India to boost its manufacturing sector to achieve self-reliance and increase its share in the global value chain. She highlighted the importance of policy support and sophistication in product manufacturing to attract investment and reduce dependence on China. The minister also discussed the success of the PLI scheme in sectors like telecom and electronics, showcasing India's potential for growth and investment.
Gorakhpur: Nomination of independent candidate Rajan Yadav alias Arthi Baba cancelledThe nomination of independent candidate Rajan Yadav alias Arthi Baba has been cancelled from the Gorakhpur Lok Sabha seat. During the scrutiny, supervised by Returning Officer Krishna Karunesh, who is also the District Magistrate, 19 nomination papers, including that of Yadav, were cancelled.
Ruckus in MCD House over Swati Maliwal's assault allegationRuckus in MCD House as Swati Maliwal claims assault by Kejriwal's PA. BJP, Congress demand resignation. Councillors raise slogans, Maliwal files complaint. Meeting adjourned in chaos.
Table Space targets high growth, leases over 2.5 million sq ft across four citiesTable Space expands its presence in Indian cities by acquiring and leasing office spaces to meet the growing demand for managed workspaces. They aim to add more space in key metros and provide world-class workspace solutions.
Will Mr Market get it right this election also? Is nervousness about range of BJP victory justified?Nitin Raheja discusses market reactions to past elections, current nervousness, and potential investment strategies in various sectors amidst election uncertainties and market corrections.
We are happy that we were able to deliver about 19% growth rate in a challenging environment: Rajan Sethuraman, LatentView AnalyticsCEO Rajan Sethuraman discusses sustained growth, challenges in demand, and areas of focus like generative AI space, Microsoft Fabric ecosystem, and consumer vertical traction driving revenue expectations in FY25.
Madhya Pradesh records voter turnout of 66.12% in nine seats till 6 pmA provisional voter turnout of 66.12% was recorded in the third phase of polling for nine Lok Sabha seats in Madhya Pradesh, with no untoward incidents reported. The polling was peaceful and recorded a total of 127 candidates, including Union minister Jyotiraditya Scindia and former chief ministers Shivraj Singh Chouhan (BJP) and Digvijaya Singh (Congress). The overall turnout in Madhya Pradesh was 71.20%. Polling began at 7 am across 20,456 polling stations, including 1,043 managed by women personnel and 75 by Divyang employees.
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