Irfan Razack, Chairman and Managing Director of Prestige Estates Projects, transformed his father's tailoring business into a billion-dollar real estate empire.
Irfan Razack is recognized as one of India's most successful real estate giant. He serves as the Chairman and Managing Director of Prestige Estates Projects. Beginning his career with a small business, he gradually built the foundation that would lead him to realize his ambitious dreams. Let's explore his inspiring journey to success.
Background
Irfan Razack's father, Razack Sattar, founded a small tailoring and clothing shop in Bengaluru in 1950, which would later evolve into the Prestige Group. Growing up, Irfan assisted his father in the business, striking a balance between his education and hands-on experience. Determined to expand his father's modest venture, he set his sights on taking it to a much larger scale.
Real estate business
In the 1980s, Irfan Razack made a pivotal shift from the traditional tailoring and clothing business to real estate. His first project proved to be a great success, setting the stage for his future endeavours. By 1990, after completing his second project in Bengaluru, his work began to attract widespread recognition. During this period, his company steadily built a reputation, establishing itself as a trusted and reliable brand in the real estate industry.
Prestige Properties boasts a prestigious portfolio of tenants, including international brands such as Apple, Caterpillar, Armani, and Louis Vuitton. With 285 successful projects and 54 ongoing ones, Irfan Razack's company has firmly established its presence, not just in India, but on the global stage as well.
Prestige Estates Projects
Today, Prestige Estates Projects has a strong presence in cities such as Bengaluru, Chennai, Kochi, Calicut, Hyderabad, and Mumbai. The company continues to expand rapidly across various sectors, including residential, commercial, retail, and hospitality. By 2024, Irfan Razack's net worth reached $1.3 billion, earning him a spot on Forbes' 2024 'World's Billionaires' list. This milestone marks a significant achievement for both India and the real estate industry.
Last Updated Dec 5, 2024, 8:58 AM IST