From Tailoring Shop to Billion-Dollar Real Estate Empire: The Journey of Irfan Razack

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From Tailoring Shop to Billion-Dollar Real Estate Empire: The Journey of Irfan Razack

Farah Malik Bhanji, the Richest Muslim Businesswoman in India

Irfan Razack, the Chairman and Managing Director of Prestige Estates Projects, has traversed a remarkable path from the humble beginnings of a tailoring shop in Bengaluru to achieving a net worth of $1.3 billion. Born into a family with a business legacy, Razack’s journey epitomizes the quintessential rags-to-riches story of perseverance, innovation, and entrepreneurial spirit.

Prestige Estates Projects, founded by Razack’s father, Razack Sattar, initially started as a small fabric and tailoring shop in Bengaluru in 1950. Under Irfan Razack’s leadership, the company has evolved into a real estate behemoth, with a diverse portfolio encompassing residential, commercial, retail, and hospitality segments. The company’s impressive track record includes completing 285 projects and managing 54 ongoing projects covering a vast expanse of 75 million square feet.

A significant milestone was reached when the wealth of Irfan Razack and his family exceeded $1 billion, driven by a substantial 60% surge in Prestige Estates Projects’ shares. This achievement solidifies the company’s position as India’s largest listed property firm, second only to DLF. Prestige properties boast prestigious tenants such as Apple, Caterpillar, Armani, and Louis Vuitton, reflecting the company’s stature on the global stage.

Razack’s unwavering commitment to creativity, meticulous planning, and a clear vision for growth has been instrumental in Prestige Estates Projects’ success. Despite initial retirement plans, his passion for entrepreneurship propelled him to steer the company to greater heights, expanding its footprint beyond Bengaluru to cities like Chennai, Kochi, Calicut, Hyderabad, and Mumbai.

Integral to the Razack family’s success are Irfan’s younger brothers, Rezwan and Noaman, who actively contribute to the business, ensuring its continued prosperity and shared fortune. While Razack’s focus remains on driving Prestige Estates Projects forward, he also finds time to indulge in his passion for adventure sports, embodying the spirit of adventure and resilience.

As of 2024, Irfan Razack’s net worth stands at an impressive $1.3 billion, marking him as one of India’s most influential and accomplished entrepreneurs. With Prestige Estates Projects poised for further expansion and innovation, Razack’s legacy serves as a beacon of inspiration for aspiring entrepreneurs nationwide, showcasing the transformative power of vision, hard work, and determination.