Niranjan Hiranandani is one of the few special real estate entrepreneurs who have actually rewritten India’s real estate story, and has changed Mumbai’s skyline. He is India’s ‘builder extraordinaire’, and has revolutionized the
real estate industry in the country. Under his able guidance, the Hiranandani Group has come a long way and is recognized for their modern state-of-the-art mixed- used township projects in Powai & Thane, both of which have become preferred residential and commercial locations in and around Mumbai.
A billionaire Indian entrepreneur, Niranjan Hiranandani is the Co-founder and Managing Director of Hiranandani Group, engaged in real estate business.
Along with members of his family, Hiranandani controls the privately owned Hiranandani Group. The Group is renowned for its projects of Hiranandani Gardens, Powai; Hiranandani Meadows and Hiranandani Estate, Thane; Hiranandani Business Park, Powai and Thane; Hiranandani Upscale, Chennai and Bangalore; and Hiranandani Upscale SEZ & Residential, Hyderabad, His stint with business was unconventional, as his father, Lakhumal Hiranand Hiranandani, was an ENT surgeon in Mumbai, who was also a recipient of the Government of India’s Padma Bhushan Award.
Having finished his schooling from Campion School, Mumbai and holding a Bachelor’s degree in Commerce from Sydenham College in Mumbai, he is a Chartered Accountant, and started his career by taking a job as an accounting teacher. Eager to start a business, he opened a textile weaving unit in Kandivali, Mumbai in 1981. Progressing gradually, he bought 250 acres of land in Powai, Mumbai in 1985 with his brother Surenda, and started a real estate business under the name Hiranandani Gardens.
Through his family office Nidar Group, Niranjan Hiranandani has also invested in energy infrastructure, and in building natural gas pipelines and two gas storage terminals. Upcoming projects include projects in Pune, Ahmedabad and Alibaug.
Apart from construction, the Group has diversified into education, horticulture, hospitality, entertainment and retail. Since its inception in 1978, the Group has reiterated its commitment to the conception and development of world-class products and services in every chosen business activity.
Mr Hiranandani has brought a fresh air to the real estate industry in India, as he has consistently and insistently followed ethics in an otherwise not-so-honest industry. He shares about the past era of real state industry when he entered it, “Although that time real estate was considered as dirty industry and people associated with it as corrupt, so it was really a big risk to venture in this sector but we didn’t lose hope and worked hard and with our consistent efforts, we got our first spark of recognition in the construction line with our work in Versova, Andheri in the mid-eighties. Another big break came when we got an opportunity to develop a large township at Powai with modern Infrastructure of concrete roads, regular water supply, recycled sewerage water plant, electric & high-tech communication networks as well as top-of-the-line commercial, residential, and educational facilities. Since then, the Hiranandani Group has come a long way to be recognized countrywide for their modern and state-of-the-art mix-user township projects.”
“AS A LEADER, HE IS A COMBINATION OF SEVERAL RARE QUALITIES, AS HE OWNS A SHARP BUSINESS ACUMEN, UNDERSTANDS HIS SOCIAL RESPONSIBILITIES AND WORKS TO MAKE A DIFFERENCE IN THE SOCIETY”
ONE-OF-A-KIND INTELLECTUAL
To describe Niranjan Hiranandani, right choice of words is very important and sometimes words are not enough, as one has to meet him and listen to his deep and insightful conversations to understand him. He is a brilliant leader who never gets tired of creating innovative ideas and his enthusiasm and zest to implement every revolutionary idea that comes to his mind is unparalleled. Still, he is known for his down-to-earth approach. If one has to explain his entire success story in as few words as possible, it would be ‘labore et constantia’, i.e. with consistent efforts, one can scale great heights.
As a leader, he is a combination of several rare qualities, as he owns a sharp professional business acumen, is a concerned citizen who understands his social responsibilities and works to make a difference in the society, is always up-to-date on industry and general information, and takes special care that his company is working to give the due value to every customer. Under his dynamic leadership, the Hiranandani Brand is synonymous to quality, timely completion of projects, and total township development.
As is usual for a businessman of his stature, he is on board of 17 schools, including the Hiranandani Foundation School in Powai and Thane, is the past President of the Maharashtra Chambers of Housing Industry, Chairman of Mumbai City, Development and Environment Committee of the Indian Merchants Chambers (IMC) Mumbai, Member of the Task Force of the Government of India for reforms in housing and urban development and Member of the study group Slum Rehabilitation Scheme, Government of Maharashtra.
Actually, he helped the government draft the State Policy for Slum Rehabilitation in Mumbai, which was designed to improve the wellbeing of over 6 million slum inhabitants. He has also served on the Board of the Housing and Urban Development Corporation (HUDCO), an organization which distributes over USD 3 billion per annum to help fund building homes for low-income families, and has been an adviser to the Government of India on the Housing and Habitat Policy for over a decade.
He is the Chairperson of the Priyadarshni Academy which facilitates social and cultural work. He is also on Board of Trustees – Nathdwara Temple Board, Nathdwara in Rajasthan, Babulnath temple, and Jhulelal temple.
He is the President of the Hyderabad (Sind) National Collegiate Board, which manages 22 educational institutions including secondary and higher secondary schools, polytechnics, and degree and post-graduate colleges. He is also the former Chairman of Advisory Council of Confederation of Real Estate Developers’ Association of India (CREDAI).
Ever since its inception in 1978, Niranjan Hiranandani has believed in the philosophy that success of any organization comes from its people, because wherever there are people there is an opportunity to serve.
Foraying into international market, the Hiranandani Group is launching 23 Marina – a 395m-high 90-storied neo-lifestyle residential tower in Marina region of Dubai.
BACK TO THE SOCIETY
As Niranjan Hiranandani likes to be actively involved in Corporate Social Responsibility initiatives in his personal and professional capacities, along with his brother, he has opened Charitable Trusts. Thus, through Hiranandani Foundation, he has contributed immensely to the Indian education sector; the Trust runs three well-acclaimed schools in Powai, Thane and Chennai all from KG to 12th Grade. In addition, he has interests in improving the healthcare sector of India, and once again with his brother, he is made concerted efforts towards various improvements in the quality of healthcare in India through Dr. L.H. Hiranandani Hospital, a multi-speciality hospital at Powai.
