Renuka Jagtiani is the chairperson and CEO of Landmark Group. She took over after her husband, Micky Jagtiani. He passed away in May 2023. For the unversed, the company is best known for its homegrown brands like Max, Home Centre, and Babyshop. That’s not all, it also has a hospitality business, Citymax.
About Landmark Group
Landmark Group is a Middle East retailing giant founded in 1973 as a single store in Bahrain by her late husband Micky Jagtiani. The 69-year-old recently entered the Forbes list of 100 richest Indians for the first time.
Renuka Jagtiani’s net worth
As per Forbes, Renuka Jagtiani has an estimated net worth of Rs 40,040 crore ($4.8 billion) that she inherited from her husband. In 1993, Renuka Jagtiani joined Landmark and launched Splash, a fast-fashion business. In 2017, she became chairwoman and CEO of the company. She, however, stepped down as CEO last year.
Renuka Jagtiani’s family
Renuka Jagtiani has three children – Aarti, Nisha, and Rahul and they are group directors at Landmark. The group has 2,200 stores spread across 24 countries in the Middle East, Africa, Southeast Asia and the Indian subcontinent. Renuka Jagtiani has been a guiding force and has been behind the Group’s corporate strategy for over three decades.
About Micky Jagtiani
Micky Jagtiani had a humble beginning. Years before Micky Jagtiani became a billionaire, he used to drive a cab in London. However, following the deaths of his parents and brother in quick succession, in 1973, he decided to move to Bahrain. He started selling baby products from his deceased brother’s toy shop. He ran the shop successfully for 10 years. He later opened six more outlets. He shifted to Dubai after the Gulf War and established Landmark Group.
Other people on the Forbes List
Per the Forbes list, Mukesh Ambani is the richest Indian with a net worth of over 92 billion dollars. Gautam Adani, the richest Indian last year, slipped to the second spot.
