Ravi Raheja & Neel Raheja
K Raheja Corp
Ravi and Neel, sons of Chandru Raheja are responsible for transforming their family business to India’s leading Real Estate conglomerate that stands today as a diversified business group with interests in real estate, hospitality, retail, malls and power distribution. Having begun their professional journeys at a young age, their strong acumen for management and finance ensured their seamless integration into the business.
As a second-generation entrepreneur, Ravi has been actively involved in managing the business including finance, corporate strategy and planning. It was Ravi’s foresight that steered the business towards building a robust portfolio of rent-yielding assets. With the endeavour to build ‘strong brands’ and ‘communities’, he guided the business to the build-and-hold model rather than build-and-sell, with a clear focus on global benchmarking.
Neel is known for his business acumen, with an excellent understanding of the ecosystem in both, global and local markets. With an ear to the ground and ability to pre-empt current and possible future trends, policies, practices, he has been at the fore-front of driving change and innovation within the group. He also ushered in the malls and department stores format in India. Inorbit Malls and Shoppers Stop are the culmination of his endeavour to bring organised retail into India.
The Group has successfully listed Shoppers Stop Ltd., India’s pioneering retailer, and Chalet Hotels Ltd., leading luxury hospitality developer – whichraised INR16.4b through an IPO in February 2019. The combined market capitalisation of both listed entities is estimated at over INR 100b.
Both respected names in India Inc. Ravi and Neel are active contributors and well-known faces in business forums. Ravi has served as the Chairman (Mumbai Chapter) for the Green Building Council and is also a member of the World Economic Forum. An evangelist for the green cause, Ravi spearheaded the signing of the MOU with CII-Green Building Council to construct green buildings back in 2007.
Neel is co-chair at CII-National Committee on Real Estate and Housing, Chairman of India Chapter of APREA, and is Chairman, NAREDCO West. He is also Vice Chairman of CORENET, and Advisory Committee member of MCHI-CREDAI. Neel has been appointed on the Govt of India committee to suggest changes in the Special Economic Zone policy.
The duo has been instrumental in driving environmental consciousness. and among other recognitions, the company received the Greenbuild Leadership Award 2017 and the Green Apple- Environmental Best Practice Award, UK in 2018. They also play a key role in the Group’s philanthropic initiatives through K Raheja Foundation, Sadhana Education Society and S.L. Raheja Hospital.