Subhash Runwal
Subhash Runwal | |
|---|---|
| Born | 25 May Dhulia, Maharashtra, India |
| Occupation(s) | Entrepreneur, Real estate developer |
| Years active | 1978–present |
| Known for | Founder and chairman of Runwal Group |
| Notable work | Founder of Runwal Group, major real estate projects in Mumbai |
Subhash Runwal is a prominent Indian entrepreneur specializing in real estate, serving as the founder and chairman of the Runwal Group, with an estimated net worth of $5 billion. Based in Mumbai, he oversees a company recognized for its residential projects throughout the metropolitan area and its outskirts, alongside various shopping centers. A significant investor in the retail segment of Runwal Group is the Singapore government's GIC. Initially trained as a chartered accountant, Runwal relocated from Maharashtra to Mumbai at 21 years old, spending nearly ten years in accounting before transitioning into real estate in 1978.
Early life
Subhash Runwal was born on 25 May into a Marwadi Jain family and was one of five children. He moved from Dhulia to Pune to pursue commerce studies and later advanced to chartered accountancy in Mumbai, arriving with under $2 at the age of 21.
Runwal Group
The Runwal Group was established in 1978, starting with the acquisition of a 22-acre tract in a central suburb of Mumbai. Over time, the company has broadened its scope to encompass both residential developments and retail properties, establishing itself as a key entity within Mumbai’s real estate sector.
Awards
- Samaj Ratna Award presented by the President of India in 2015
Associations
Subhash Runwal holds several prominent positions including president of the Jain International Trade Organisation and Bharat Jain Mahamandal, serves as treasurer for World Jain, and is a trustee for both the Mahavir Foundation and Subhash Runwal Education Foundation.
Family
He is married to Chanda and has three children: two sons, Sandeep and Subodh, and a daughter, Sangeeta. Both sons, Sandeep Runwal and Subodh Runwal, are actively involved in managing the family’s real estate enterprises.