Know Insights about MD of Hiranandani Group - Niranjan Hiranandani

 

Born on March 8, 1950, Niranjan Hiranandani is a millionaire Indian businessman who specializes in real estate. He is also a co-founder and managing director of the Hiranandani Group. His net worth, as of June 2021, was US$1.6 billion, placing him among the 100 richest Indians according to Forbes.(Source: )

According to the Grohe Hurun survey, he was one of the top 10 Indian real estate tycoons in 2020.According to the IIFL Wealth Hurun India Rich List (2020), he ranked as the second richest individual in the real estate sector in 2020. Hiranandani is the owner of the privately held Hiranandani Group, along with other family members.

Early life and education

Mumbai is where Hiranandani was born. The Hiranandani clan hails from Sindh. Lakhumal Hiranand Hiranandani, his father, was an ENT surgeon who was also the winner of the Padma Bhushan award from the Indian government. Niranajan Hiranandani has two brothers: Surendra is his younger brother, and Navin is his elder brother. Hiranandani received his education from Campion School in Mumbai and graduated from Sydenham College in Mumbai with a bachelor’s degree in business. He is an Institute of Chartered Accountants of India chartered accountant.

Career

Hiranandani began his working life as a teacher of accounting.[13] He established his first company, a textile weaving factory, in Kandivali, Mumbai, in 1981.

In 1985, he and his brother Surendra began a real estate company called Hiranandani Gardens after purchasing 250 acres of property in Powai, Mumbai.Currently, Hiranandani Constructions is renovating and launching two townships that it purchased for around ₹1,000 crore at a judicial auction. A township called Hiranandani Estate was constructed in Thane, Maharashtra, which is a part of the Mumbai Metropolitan Area.

In 2006, Hiranandani Hospital was established in Thane, and in Powai, in 2011. He founded Yotta Infrastructure and is its founder and chairman. In its Integrated Yotta Data Center Park at Navi, he opened the second-largest data center in the world, called NM1.

Niranajan Hiranandani’s name appeared in the Pandora Papers in October of 2021. It is said that he stashed $60 million in multiple offshore trusts.According to Hiranandani, his son Darshan Hiranandani, who resides in Dubai, is the rightful owner of the funds kept in the offshore account located in the British Virgin Islands.

Associations

17 schools have Hiranandani as a board member, including the Thane and Powai locations of the Hiranandani Foundation School.

In addition to serving as chairman of the Mumbai City, Development and Environment Committee of the Indian Merchants Chambers (I.M.C.) Hiranandani was the previous president of the Maharashtra Chambers of Housing Industry .

In addition, he serves as President of the National Real Estate Development Council (NAREDCO), an organization established by the Indian government’s Ministry of Housing and Urban Affairs with the goals of advancing ethics and transparency in the real estate industry and developing the country’s unorganized real estate market into a globally competitive industry.

The 100-year-old “Associated Chambers of Commerce and Industry of India” (ASSOCHAM) is the trade body of which he served as president. founded with the intention of influencing the nation’s trade, commerce, and industrial environment.The International Chamber of Commerce has ASSOCHAM as a member.

Member of the Maharashtra government’s study group on the Slum Rehabilitation Scheme and of the Government of India’s task force on housing and urban development reforms.

Hiranandani served as the Federation of Indian Chambers of Commerce and Industry’s (FICCI) president for real estate and as an advisor to the Indian government on housing and habitat policy.

Additionally, he was a key player in the establishment of HSNC institution, Mumbai, a recently established cluster institution. Despite being State-owned, the H(S)NC Board, one of the oldest educational trusts in India, which he has previously served as president of, will run and oversee this university. He will continue to be associated with the same when serving as the institute’s “Provost” in the future. Notable Universities like K.C. College and H.R. College will be part of this cluster university.

Personal life

Niranjan Hiranandani is the spouse of Kamal Hiranandani, with whom he has a son, Darshan, and a daughter, Priya. Priya is wed to businessman Cyrus Vandrevala, who resides in London. Neha Jhalani, the daughter of businessman Pradeep Jhalani and his wife Shabnam Jhalani, of Delhi, is Darshan’s wife.


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