Rajasthan’s Industrialists in Mumbai: Boosting State’s Growth

Rajasthan, known for its rich cultural heritage and history, has also made remarkable progress in the industrial sector. While the state has nurtured several successful entrepreneurs, many Rajasthan-born industrialists have established their business empires in Mumbai. These individuals have significantly contributed to Rajasthan’s economy and global recognition.

Leading Financial Moguls

Motilal Oswal – Oswal Group

Motilal Oswal, a renowned businessman from Rajasthan, is the founder and chairman of Motilal Oswal Group, a leading financial services company in India. Under his leadership, the firm has expanded into brokerage, asset management, investment banking, and private equity. He has introduced innovative financial products and received multiple accolades for his contributions to India’s financial sector.

Anand Rathi – Anand Rathi Group

Anand Rathi, another prominent industrialist from Rajasthan, founded the Anand Rathi Group, a major financial services company. Offering brokerage, wealth management, investment banking, and financial product distribution, he has played a key role in shaping India’s financial industry with his entrepreneurial expertise.

Kumar Mangalam Birla – Aditya Birla Group

Kumar Mangalam Birla, an influential businessman from Rajasthan, chairs the Aditya Birla Group, one of India's largest conglomerates. The company operates in multiple sectors, including cement, textiles, chemicals, and telecommunications. His leadership has propelled the group to international success, and he is widely recognized for his strategic vision and philanthropy.

Real Estate Titans

Mangal Prabhat Lodha – Lodha Group

Mangal Prabhat Lodha established the Lodha Group, one of India’s largest real estate developers. With major projects in Mumbai, Pune, and London, the group has created iconic landmarks like Lodha World Towers and Lodha Altamount.

Mofatraj Munot – Kalpataru Group

Mofatraj Munot, another Rajasthan-born entrepreneur, founded the Kalpataru Group, a key player in the real estate sector. Operating in Mumbai, Thane, and Pune, the company has developed several notable residential and commercial projects.

Technology and Manufacturing Leaders

Chetan Rathore – CR Group

Chetan Rathore, founder of CR Group, has revolutionized the mobile accessories industry with an expansive presence in over 50 countries. The company is known for its high-quality, innovative products.

Ayurveda and Healthcare Visionaries

Dr. S. D. Chopdar – RAPL Group

The late Dr. S. D. Chopdar, a renowned Ayurveda expert, transformed traditional Ayurveda by integrating modern manufacturing techniques. RAPL Group now produces over 400 high-quality herbal, nutraceutical, and cosmetic products in 20+ countries. The company is now led by Salim Diwan, who continues to expand its global reach.

Entertainment and Hospitality Entrepreneurs

Salim Diwan – Actor and Producer

Apart from his business ventures, Salim Diwan has also made a mark in the Indian film industry as an actor and producer. His contributions to cinema have brought further recognition to Rajasthan.

Adarsh Hotel Group

Founded by Late Shri Purshottamdas H. Purohit, Adarsh Group operates multiple hospitality properties in Mumbai’s Kalbadevi area, offering renowned service and hospitality to business travelers and tourists.

Industrial and Philanthropic Contributions

Babulal Bhansali – Bhansali Engineering Polymers Ltd.

Babulal Bhansali, originally from Rajasthan, is a leading industrialist in Mumbai. Through the Bhansali Trust, he manages ventures in textiles, real estate, and healthcare while actively engaging in philanthropic activities, particularly in education and social welfare.

Other Prominent Rajasthan-born Industrialists

• Dilip Shanghvi – Founder of Sun Pharmaceuticals, India’s largest pharmaceutical company.
• Kiran Mazumdar-Shaw – Founder of Biocon, a leader in biotechnology and pharmaceuticals.
• Rahul Bajaj – Former chairman of Bajaj Group, a major industrial conglomerate.

Impact on Rajasthan

These industrialists have not only contributed to their respective sectors but have also played a vital role in Rajasthan’s development. Many have invested in projects across the state, generating employment and boosting economic growth. The Rajasthan government has honored several of these entrepreneurs, including Dilip Shanghvi and Kiran Mazumdar-Shaw, with prestigious awards like the Rajasthan Ratna.

The entrepreneurial success of Rajasthan’s industrialists in Mumbai highlights their crucial role in shaping both Maharashtra’s business landscape and Rajasthan’s economic future. Their legacy continues to inspire new generations of entrepreneurs.