The number of India's richest individuals is steadily increasing, and women entrepreneurs are rapidly becoming significant contributors. Today, we bring you the fascinating story of a woman billionaire whose journey began with her husband driving cabs. Now, her business spans across 21 countries. Her name is Renuka Jagtiani—her success story is incredibly captivating, making her one of India’s wealthiest women. Let us delve into her inspiring journey...
Among the Nation's Wealthiest
Renuka Jagtiani is a prominent name in India's billionaire list and the owner of the renowned Landmark Group. According to the Forbes Billionaires Index, she ranks third among female Indian billionaires, following Savitri Jindal and Rekha Jhunjhunwala. Her net worth is an impressive $5.6 billion (over 47,751 crores INR).
Cab Driver to CEO
The Landmark Group is a major entity today, with significant operations in Dubai. Despite Renuka's current influential status among India's affluent, her life wasn't always this way. Her journey was filled with significant challenges. Imagine this: her husband, Micky Jagtiani, once supported their family by driving cabs in London during the 1970s.
Source: aajtak
From London to Bahrain to Dubai
While providing cab services in London, Micky thought of venturing into a different business, which marked a turning point for the couple. The journey took them from London to Bahrain, and eventually Dubai. Reports suggest that after the sudden demise of Renuka’s parents and brother in 1973, the couple moved to Bahrain to manage a family toy shop.
They ran the toy shop for nearly a decade, gradually expanding the Toy's Outlets with six stores over ten years. Post the Gulf War, they moved to Dubai and set into motion the establishment of the Landmark Group.
Continuing the Legacy After Loss
Through the Landmark Group, Micky Jagtiani expanded into fashion, electronics, furniture, and hotel businesses across the Middle East and South East Asia. Renuka joined the group in 1993, providing vital support to her husband. A significant setback occurred with Micky's passing.
Source: aajtak
Instead of succumbing to adversity, Renuka, a mother of three, propelled the empire forward with her dedication and acumen. At 70, she serves as Landmark Group's Chairperson, with her children Aarti, Nisha, and Rahul on the Board of Directors.
A Business Extending Across 21 Nations
Under Renuka's stewardship, Landmark Group has experienced exponential growth, now operating in over 21 countries worldwide. Renuka played a crucial role in advancing the business her late husband established in Dubai by expanding it in India as well.
According to Forbes, she launched the Indian business of Landmark Group in 1999. The company now boasts over 900 stores in India and more than 2200 globally. Additionally, Landmark Group's hotel venture is thriving, and as the business flourishes, so does Renuka Jagtiani's wealth.
