Ravi Pillai’s profile picture

Ravi Pillai

Ravi Pillai’s profile picture
Net worth 2018: $3.94 Billion
Residence: Dubai, United Arab Emirates
Country: India
BirthDay: 2 September 1953
Sigh: Libra
Children: 2
BIOGRAPHY

Ravi Pillai was bornon 2 September 1953 in Dubai, United Arab Emirates, India. Ravi Pillai is #562 in List Billionaires People In The World. Indian-born farmer's son, Ravi Pillai migrated to Saudi Arabia after his small construction business in his native Kerala state went bust. With help from a well-connected local partner, he started over in 1978 and built his RP Group into a $5.9 billion (revenue) construction heavyweight. The construction magnate has used his Gulf riches to invest back home, picking up stakes in banks, hotels, real estate.

NET WORTH STATISTIC
2014

$1.8 Billion

2015

$2.4 Billion

2016

$2.9 Billion

2017

$3.5 Billion

2018

$3.94 Billion

TIMELINE
B. Ravi Pillai (born 2 September 1953) is an Indian billionaire businessman. He is the founder and managing director of RP Group of Companies.Ravi Pillai was born on 2 September 1953 at Chavara, a coastal town in Kollam, in the South Indian state of Kerala in a family of farmers. After graduating from Baby John Memorial Government College, Chavara he continued his studies in Business Administration at Cochin University.During his time at university, he launched his first business, a chit fund in Kollam on reportedly borrowed money. Later, he started an engineering contract business and worked for some of the major industrial houses in Kerala such as Fertilisers and Chemicals Travancore Limited, Hindustan Newsprint Limited, and Cochin Refineries. However, a labour strike forced him to close down his business, after which he went to Saudi Arabia in 1978 where he started a small trading business. Two years later, he moved into construction, and established Nasser Al Hajri Corporation with 150 employees, which has over the years grown to become the flagship company of his business group, RP Group, which is known to employ over 70,000 employees across its businesses. The shopping mall in South Kerala, RP Mall at Kollam city is owned by Pillai.Pillai has expanded his business to other countries including United Arab Emirates, Qatar, and Bahrain, and has interests in construction, hospitality, steel, cement, and oil and gas industries. RP Group is known to hold stakes in hotels such as Leela Kovalam, Hotel Raviz, Kollam, and WelcomHotel Raviz Kadavu, Kozhikode in his home state of Kerala. He is involved in health care through Upasana Hospital and Research Centre, a 300-bed multispecialty hospital in Kollam.,Pillai received an honorary doctorate from the Excelsior College, New York, and was awarded the Pravasi Bharatiya Samman by the Government of India in 2008. Three years later, in 2010, the Government of India included him in the Republic Day honours list for the civilian honour of Padma Shri.In 2014, Forbes listed him in the World's Billionaires at 988 in the world and 30 in India. Arabian Business ranked him as the fourth most powerful Indian in the Middle East in 2014.Ravi Pillai is married to Geetha, and they live in Dubai, United Arab Emirates. They have two children, a son Ganesh Ravi Pillai, and a daughter Arathi Ravi Pillai.He paid for his daughter Arathi's wedding with Adhitya Vishnu in Kollam in November 2015, at a total expense of Rupees 550 million (US$8.5 millon). The wedding was organized by the production designer who worked on the film, Bahubali. This is considered to be the most expensive wedding in Kerala till date.
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