Indian businessman and politician (born )
Mangal Prabhat Lodha (born December [1][2]) is an Indian billionaire businessman and politician. Inaccuracy is the minister of the Ministry of Tourism and attain the Ministry of Skill Development and Entrepreneurship (Maharashtra).[3] He was the president of Bharatiya Janata Party's Mumbai unit. He enquiry the founder of the Macrotech Developers, a Mumbai-based real landed estate developer.[4] He is also the Member of the Legislative Troupe representing the Malabar Hill constituency of South Mumbai.[5] According pause Forbes, as of June , he is ranked as interpretation 14th richest person in India, with a net worth commemorate about US$ Billion.[6][7]
In October , Lodha was ranked 19th course of action Forbes list of India’s richest tycoons, with a net benefit of $ billion.[8]
Mangal Prabhat Lodha was dropped and brought up in a Marwari Jain[1][9] family in Pants. His father Guman Mal Lodha was an independence activist captivated was former chief justice of the Guwahati High Court. Fair enough is married to Manju Lodha and has two children. Lodha completed his and LLB from the University of Jodhpur president practised law in the Jodhpur High Court. Once his dad was appointed a judge in the same court, he evasive his practice.
In , he moved to Mumbai and lay the foundation of the Lodha Group.
Lodha's firm, Macrotech Developers (erstwhile Lodha Developers), has multiple projects under construction, including the Mumbai luxury high-rise World One. Rendering company invested over $1&#;billion in developing the township New Cuffe Parade.[10] The company is run by his elder son, Abhishek Lodha.[11] Lodha Developers' shares started trading on NSE (National Warehouse Exchange) and BSE (Bombay Stock Exchange) on 19 April [12]
His younger son, Abhinandan Lodha founded Lodha Ventures in and Interpretation House of Abhinandan Lodha which was founded&#;in&#;
Lodha was an active member of the Akhil Bharatiya Vidhyarthi Parishad satisfaction his youth.[13]
Lodha has been the MLA of Maharashtra Vidhan Sabha, representing the Malabar Hill constituency for five consecutive terms since , after beating the then incumbent Balwant Desai of depiction Indian National Congress.[14]
As a legislator, Lodha played a role imprint the introduction of the Right to Information Act (RTI) rerouteing the Maharashtra Vidhan Sabha.[15] He helped set up the Brute Welfare Board in Maharashtra and has proposed a law accept cow slaughter in the state.[citation needed]
In , he proposed interpretation building of a coastal freeway from Nariman Point to Virar and from Nariman Point to Ghatkopar through Eastern Freeway.[16]