Niranjan Hiranandani’s profile picture

Niranjan Hiranandani

Niranjan Hiranandani’s profile picture
Net worth 2018: $1.47 Billion
Industry: Real Estate
Residence: Mumbai, India
Country: India
BirthDay: 8 March 1950
Sigh: Aries
Children: 2
Education: Bachelor of Arts / Science, University of Bombay
BIOGRAPHY

Niranjan Hiranandani was bornon 8 March 1950 in Mumbai, India, India. Niranjan Hiranandani is #1564 in List Billionaires People In The World. Indian property tycoon Niranjan Hiranandani cofounded Hiranandani Group with brother Surendra who now owns his independent venture. The brothers still own some assets jointly, mainly the Powai township in suburban Mumbai, which they built on a former quarry. In what was billed as India's largest commercial real estate deal, they sold their commercial and retail assets in Powai to Canda's Brookfield Asset Management for $1 billion. Through his family office Nidar Group, Hiranandani is investing in energy infrastructure, building natural gas pipelines and two gas storage terminals. Upcoming projects overseas include a budget hotel in Dubai to be managed by Accor under the Ibis Styles brand.

NET WORTH STATISTIC
2015

$1.1 Billion

2016

$1 Billion

2017

$1.2 Billion

2018

$1.47 Billion

TIMELINE
$1.26 billionDr. Niranjan Hiranandani (born March 8, 1950) is an Indian entrepreneur, co-founder and managing director of Hiranandani Group, engaged in real estate business. Hiranandani is ranked among the top 100 richest Indians and Forbes global billionaires. He is the national president of NAREDCO. In 2017, he was one of the top 10 Indian Realty tycoons according to the Grohe Hurun report. Along with members of his family, Hiranandani controls the privately owned Hiranandani Group.Hiranandani was born in Mumbai. His father was Lakhumal Hiranand Hiranandani, an ENT surgeon and a recipient of the Government of India's Padma Bhushan award. Hiranandani's elder brother is named Navin, and his younger brother is named Surenda. Hiranandani finished schooling from Campion School, Mumbai and has a bachelor’s degree in commerce from Sydenham College in Mumbai. He is a chartered accountant of the Institute of Chartered Accountants of India. Hiranandani's first job was as an accounting teacher. In 1981 he started his first business, a textile weaving unit in Kandivali, Mumbai.Niranjan is married to Kamal Hiranandani and has two children: a daughter, Priya, and a son, Darshan. Priya is married to Cyrus Vandrevala, a London-based businessman.Hiranandani loves to read and spend time with family. He gives equal importance to workouts and goes to gym every morning at 6 am. Hiranandani’s favorite cities are Mumbai and Dubai. He believes in long goals in which builders develop a brand with trust, good work and transparency, qualities which will help them to connect with buyers for generations.Niranjan Hiranandani, along with his brother Surenda, bought 250 acres land in Powai, Mumbai in 1985 and started a real estate business under the name Hiranandani Gardens. Hiranandani Constructions is working on revamping and launching two townships that the developer acquired through a court auction for nearly Rs 1,000 crore. Hiranandani Estate is a township built in Thane, a part of the Mumbai Metropolitan Area in Maharashtra. Hiranandani Hospital was started in Powai in 2006 and Thane in 2011.Hiranandani is on board of 17 schools, including the Hiranandani Foundation School in Powai and Thane. Hiranandani is the past president of the Maharashtra Chambers of Housing Industry; Chairman of Mumbai City, Development and Environment Committee of the Indian Merchants Chambers (I.M.C.) Mumbai, Member of the task force of the Government of India for reforms in housing and urban development and Member of the study group Slum Rehabilitation Scheme, Government of Maharashtra. Hiranandani was the adviser to the government of India on housing and habitat policy and real estate president of the Federation of Indian Chambers of Commerce and Industry (FICCI). Hiranandani is the chairperson on the Priyadarshni Academy which facilitates for social and cultural work. He is on Board of Trustees – Nathdwara Temple Board, Nathdwara (Rajasthan), Babulnath temple, Jhulelal temple. He is the President of the Hyderabad (Sind) National Collegiate Board, which manages 22 educational institutions including secondary and higher secondary schools, polytechnics, and degree and post-graduate colleges. He is also the former Chairman of Advisory Council of Confederation of Real Estate Developers’ Association of India (CREDAI). He is also a part of the Hon. Board of Advisors of IIMUN.
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