India saw the addition of 25 new billionaires to the elite ranks of the world’s wealthiest, as revealed by Forbes’ latest report. Notable among them is Renuka Jagtiani, the chairwoman of Landmark Group, boasting a net worth of $4.8 billion.
Who is Renuka Jagtiani?
Ranked 660th globally in Forbes’ New Billionaires 2024 list, Renuka Jagtiani is a prominent figure in the business world. As the head of Landmark Group, a retailing powerhouse headquartered in Dubai, she continues the legacy of her late husband, Micky Jagtiani, who founded the conglomerate in 1973 and passed away in May 2023.
About Landmark Group
Landmark Group, once a single store in Bahrain, has burgeoned into a multinational entity with over 2,200 stores across 24 countries in the Middle East, Africa, Southeast Asia, and the Indian subcontinent. Under Renuka Jagtiani’s stewardship, Landmark Group has diversified into various sectors including retail, hospitality, food, and leisure, boasting more than 25 proprietary brands.
Renuka Jagtiani’s education
Renuka Jagtiani, 70, earned her Bachelor of Arts degree from the University of Mumbai. Notably, she played a pivotal role in the inception of the high-street fashion brand Splash in 1993. Her achievements have garnered international recognition, including being named Outstanding Asian Business Woman of the Year in 2007 and receiving the Entrepreneur of the World Year award from the World Entrepreneurship Forum in 2014.
Renuka Jagtiani’s achievements
Furthermore, she has been honoured with titles such as Businesswoman of the Year in 2012, Strategic Leader of the Year in 2015, and the Captain of the Industry Award in 2016. In 2017, she was inducted into the Hall of Fame of the World Retail Congress.
Renuka Jagtiani’s family
Renuka Jagtiani’s dedication to Landmark Group is reflected in her family’s involvement, with her three children – Aarti, Nisha, and Rahul – serving as group directors.
The growth in global wealth this year has contributed to the addition of 265 new billionaires to Forbes’ list.
About Micky Jagtiani
Micky Jagtiani’s journey from driving a cab in London to establishing Landmark Group is a testament to his perseverance and business acumen. Following family tragedies, he transitioned to Bahrain in 1973, initially selling baby products before expanding into a retail empire that eventually relocated to Dubai after the Gulf War.
