Mangal Prabhat Lodha

Net worth over time

Biography

• Politician and property magnate Mangal Prabhat Lodha founded developer Lodha group in Mumbai in 1980, now known as Macrotech Developers.
• A native of the desert state of Rajasthan, Lodha started off by building middle-class homes in Mumbai's far-flung suburbs.
• After his sons Abhishek and Abhinandan joined the business in 2003, the firm went on an expansion binge picking up prime land parcels. Abhinandan has since left the business.
• Lodha built Mumbai's Trump Tower, a 78-story luxury skyscraper, located in a complex called The Park, in midtown Mumbai.
• In 2021, Lodha completed Macrotech's long-delayed IPO. The company has since changed its name to Lodha Developers.
• Lodha was the Mumbai president of the ruling Bharatiya Janata Party until 2022.
• He successfully lobbied for a law to ban the slaughter of cows, a key electoral plank for his political party, in his home state of Maharashtra.
• Lodha's sons ended a 50 billion rupees ($571 million) trademark feud in April 2025.
• Abhishek now has rights to use 'Lodha' and 'Lodha Group' brands and Abhinandan has rights to use 'House of Abhinandan Lodha' brand.

Financial assets