Mangal Prabhat Lodha is an Indian billionaire businessman and senior BJP leader best known as the founder of Lodha Group (now Lodha Developers Limited) and as a long-serving MLA from Malabar Hill in Mumbai, combining large-scale real estate entrepreneurship with an active public life in Maharashtra government. This detailed biography traces his early life, the rise of Lodha Group, public offices held, and the milestones that shaped his legacy in business and politics.

Early life and education

Mangal Prabhat Lodha was born in December 1955 in Jodhpur, Rajasthan, into a Marwari Jain family guided by his father Guman Mal Lodha, an independence activist and former Chief Justice of the Gauhati High Court, which deeply influenced his values and public orientation. He earned a B.Com and LLB from the University of Jodhpur and began his career practicing law at the Jodhpur High Court before relocating after his father’s judicial appointment to avoid professional conflicts.

Founding Lodha Group

After moving to Mumbai in 1981, Lodha laid the foundation for what became the Lodha Group, embarking on a real estate journey that would reshape premium and large-scale urban development in and beyond the Mumbai Metropolitan Region. The group traces its formation to 1980 and has since expanded into multiple Indian cities as well as London, reflecting a decisive entrepreneurial pivot from law to property development.

Building a real estate leader

Lodha Group (later listed as Macrotech Developers) delivered marquee residential and commercial projects such as Lodha World Towers, Lodha Altamount, and Lodha Park, and it developed the Palava integrated smart city near Mumbai to demonstrate scale in city-making .The company partnered with global and celebrity brands, including the Trump Tower Mumbai collaboration, signaling an ambition to anchor Mumbai on the global luxury real estate map.

Going public and rebrand

Shares of Macrotech Developers listed on the NSE and BSE on April 19, 2021, marking the formal capital-market debut of the Lodha enterprise built over four decades. In June 2025, the Ministry of Corporate Affairs approved renaming Macrotech Developers Limited to Lodha Developers Limited, reinforcing brand continuity and recognition across markets .

Projects and operations

Beyond premium towers, the group pursued township and mixed-use developments, investing over $1 billion in New Cuffe Parade and advancing sustainability through a new corporate headquarters at One Lodha Place in Worli with LEED Platinum credentials and renewable energy sourcing. The portfolio spans Mumbai, Thane, Pune, Hyderabad, Bengaluru, and London, highlighting geographic diversification and category breadth across residential and commercial assets.

Political career and governance

Lodha has been elected MLA from Malabar Hill for five consecutive terms since 1995, underlining durable voter trust and a significant presence in Mumbai’s legislative politics. He was president of the BJP Mumbai unit and has championed causes including RTI advocacy in the assembly, the Animal Welfare Board’s creation, and proposals such as anti–cow slaughter legislation and a coastal freeway vision connecting Nariman Point to Virar and to Ghatkopar.

Ministerial roles and tourism push

In 2022, he served as Maharashtra’s Minister for Tourism, Skill Development and Entrepreneurship, and Women and Child Development, reflecting a portfolio geared to jobs, human capital, and destination development. His appearances at state and national tourism forums emphasized sustainable, inclusive tourism and collaboration with stakeholders to elevate Maharashtra’s cultural and heritage assets for domestic and global audiences.

Family and leadership succession

The enterprise today is professionally managed with leadership continuity through his elder son Abhishek Lodha, aligning entrepreneurial origin with institutional stewardship for scale and governance . A next-generation ecosystem around Lodha Ventures and The House of Abhinandan Lodha reflects diversification and brand-building by the younger son, Abhinandan, complementing the flagship developer’s growth trajectory .

Wealth, rankings, and recognition

As of mid-2024, Lodha was cited among India’s richest, with rankings updated through late 2024 that underscored the outsized value creation from Lodha Developers and related holdings. These standings track the compounding impact of decades of real estate development, successful listing, and continued brand strength in core markets.

Key milestones

• 1980–81: Establishes Lodha Group and moves to Mumbai, setting a foundation for large-scale real estate development that becomes synonymous with premium urban living
• 1995–present: Wins Malabar Hill assembly seat repeatedly, becoming a prominent BJP lawmaker in Maharashtra’s legislative politics
• 2010s: Expands marquee portfolio with World Towers, Altamount, Park, and Palava, along with the Trump Tower Mumbai collaboration
• April 19, 2021: Macrotech Developers lists on NSE and BSE, formalizing the group’s access to public capital
• 2022: Serves as Minister for Tourism, Skill Development and Entrepreneurship, and Women and Child Development in Maharashtra, aligning policy focus on jobs and tourism
• June 2025: MCA approves rebranding from Macrotech Developers Limited to Lodha Developers Limited, reinforcing core brand identity .

Impact and legacy

Lodha’s trajectory showcases how disciplined execution, brand partnerships, and township-scale urban planning can transform a city’s skyline and create enduring value for homebuyers and investors alike. Parallel public service as a multi-term MLA and cabinet minister adds a policy and civic dimension to his legacy, spanning infrastructure ideas, transparency advocacy, and tourism development.

FAQ

• Who is Mangal Prabhat Lodha?
  An Indian billionaire businessman and BJP leader, founder of Lodha Developers (formerly Macrotech Developers), and multi-term MLA from Malabar Hill in Mumbai.
• What is Lodha Developers known for?
  The company is known for landmark projects like Lodha World Towers, Lodha Altamount, Trump Tower Mumbai, Lodha Park, and the Palava smart city near Mumbai.
• When did Lodha’s company go public?
  The developer listed as Macrotech Developers on April 19, 2021, on the NSE and BSE .
• What ministerial roles has he held?
  In 2022, he served as Maharashtra’s Minister for Tourism, Skill Development and Entrepreneurship, and Women and Child Development, aligning with employment and destination development priorities.
• Who leads day-to-day operations now?
  Leadership continuity has been established through his elder son Abhishek Lodha, reflecting professionalized management of the flagship developer
• What are notable policy ideas he supported as MLA?
  He supported RTI in the assembly, helped set up the Animal Welfare Board in Maharashtra, proposed an anti–cow slaughter law, and suggested a coastal freeway connecting Nariman Point across the metropolis
• Has the company rebranded recently?
  Yes, in June 2025 the Ministry of Corporate Affairs approved renaming Macrotech Developers Limited to Lodha Developers Limited, reinforcing brand identity

Sources
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[2] Lodha Group https://en.wikipedia.org/wiki/Lodha_Group
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[6] Mangal Prabhat Lodha https://www.forbes.com/profile/mangal-prabhat-lodha/
[7] Bloomberg Billionaires Index – Mangal Prabhat Lodha https://www.bloomberg.com/billionaires/profiles/mangal-p-lodha/
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[10] Maharashtra Tourism participates at WTM 2022 – Safari Plus https://safariplus.co.in/maharashtra-pavilion-inaugurated-by-hon-minister-of-tourism-shri-mangal-prabhat-lodha
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[12] Shri. Mangal Prabhat Lodha Ji, Minister of Tourism, Skill … https://www.instagram.com/p/CiKdlc3Mz5P/
[13] Board of directors https://www.lodhagroup.com/investor/board-of-directors
[14] Mangal Prabhat Lodha https://www.lokatantra.in/vidhansabha/Malabar-Hill/Mangal-Prabhat-Lodha
[15] Mangal Prabhat Lodha https://indianexpress.com/about/mangal-prabhat-lodha/
[16] Lodha Group | Lodha Developers, Real Estate & Builders … https://www.realtytantra.com/builder/lodha-group/
[17] Mangal Prabhat Lodha – Biography, Net Worth & Profile https://www.redcarpetlife.in/billionaires/profile/mangal-prabhat-lodha.html
[18] Mumbai Hosted the Outbound Travel Mart-2022 with … https://mumbai.mid.ru/en/press-centre/news/mumbai_hosted_the_outbound_travel_mart_2022_with_russian_delagations_participating/
[19] Macrotech Developers rebrands company’s name to Lodha … https://www.hindustantimes.com/real-estate/macrotech-developers-rebrands-companys-name-to-lodha-developers-limited-101750082503160.html
[20] Shri. Mangal Prabhat Lodha (Maharashtra Minister for … https://aiaiindia.com/india-japanese-relationship-set-to-grow-shri-mangal-prabhat-lodha-maharashtra-minister-for-tourism-skill-development/