The number of billionaires in India has increased rapidly in the last few years and women billionaires have also shown their dominance. 71 -year -old Renuka Jagatiani, whose business is spread over 24 countries around the world, is among the top 10 richest women in the country. Her success story is quite interesting and it is worth noting that today Renuka’s husband, who was among the top rich in the world, used to run taxi on the streets of London.
Renuka Jagatiani is the president of the Landmark Group. Renuka Jagatiani’s name is not an introduction today. She is third in the list of top 10 women billionaires in India and according to Forbes’s Real-Time Billionaires Index, her total assets are $ 5.7 billion (about Rs 50,238 crore). Renuka Jagatiani is the mistress of the landmark group and Savitri Jindal and Rekha Jhunjhunwala are the richest women in the country. Since 2024, his wealth has increased by about $ 1 billion.
More than 2,200 stores in 24 countries: Landmark Group is a business group in Dubai with a widespread presence in retail and hospitality. Established in 1973, the group has more than 2,200 stores in 24 countries around the world, including the Middle East, Africa, Southeast Asia and Indian subcontinent. According to Forbes, the Indian business of the Landmark Group started in 1999 and now it has more than 900 stores in the country. Apart from this, the group’s hotel business is also growing rapidly.
Today the Landmark Group is a leading name, but its journey of success has been full of struggles. This can be gauged from the fact that Renuka Jagatiani’s late husband, Mickey Jagatiani, used to run cabs on the streets of London to earn livelihood. According to Forbes, Mickey was a cab driver in London in the 1970s.
His parents moved to Kuwait in the 1950s, but sent their younger sons first to study at an accounting school in Mumbai and then London. However, Mickey Jagatiani quit her job and worked as a cleaner and taxi driver in London hotels to run. In 1972, he returned to his family back to the Gulf country.
In 1973, he lost his parents and elder brother, and allegedly, from $ 6,000, he opened a shop of children’s products and toy in Bahrain, focused on South Asian migrants, and named it Landmark. He ran this business for more than a decade and also increased the number of shops. After the Gulf War ended, Mickey and Renuka moved to Dubai in 1992, where they started the landmark group and began to extend it to retail and hospitality. After that, he never looked back. After the death of her husband, Mickey Jagatiani took over the business and expanded his landmark group business rapidly in the Middle East and Southeast Asia, expanding the field of fashion, electronics, furniture and hotels. Renuka also joined the Landmark Group in 1993 to support her husband. However, in 2023, Renuka suffered a major setback when her husband died in Dubai after a long illness.
However, Renuka Jagatiani, the mother of three children (Aarti, Nisha and Rahul), did not give up even after the death of her husband and continued to carry forward the business empire created by her hard work and dedication. She is still leading it as the chairman of the landmark group. They have not only expanded their business, but have also made a significant increase in their total assets, making them one of the wealthiest women in the country.