There are countless rags-to-riches stories out there to draw inspiration from and we are putting forth one of the most inspirational ones today, the one chronicling the rise of Irfan Razack. Irfan Razack is currently the Chairman and Managing Director of Prestige Estates Projects and has worked his way up to be one of the wealthiest industrialists in India. His roots were as humble as they can get. Would you believe that Irfan Razack started his business with a small tailor shop?
Irfan was born in Bangalore in the year 1953. His father worked as a tailor in a small shop. His father had laid the foundation of Prestige Group, which Razzaq later transformed into a legendary brand with his skills. Irfan also initially worked with his father at the tailor shop.
Under Razack’s guidance, Prestige Estates Projects has become a major force in the Indian real estate industry. The company boasts a varied portfolio across residential, commercial, retail, and hospitality sectors. To date, it has completed 285 projects and is currently working on 54 more, which cover an impressive 75 million square feet.
Irfan Razack and his family now have a net worth of $1 billion, roughly equivalent to around Rs 8,300 crore. The company’s shares have surged by 60%, making it the second-largest listed property firm in the country, surpassed only by DLF. Prestige Group serves prestigious clients such as Apple, Caterpillar, Armani, and Louis Vuitton.
Razack had decided after selling his second real estate project in 1990 that he would make Prestige Group the biggest real estate brand in the country. He attributed his success to two things. Dedication and vision: His dedication towards work has been the key to his success, while clear vision helped him in expanding his business.
Prestige Estates Projects’ footprint extends beyond Bengaluru to cities like Chennai, Kochi, Calicut, Hyderabad, and Mumbai. Beyond his business endeavours, Razack has a passion for adventure sports, reflecting his adventurous spirit and zest for life.
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