Mofatraj Munot
Mumbai, India
India
real estate, Self Made
$2,200,000,000
1349
#1349 Billionaires 2019
#76 India's Richest 2017
Mumbai real estate magnate Mofatraj Munot started developing property in 1969 after working with his uncle. Munot snatched lucrative construction contracts during the 1970s in the Middle East oil boom, where he built the palace of the ruler of Sharjah.Today, his Kalpataru, run by son Parag, is focusing on its 11.2-million-square-foot township in suburban Mumbai.Engineering contractor Kalpataru Power Transmission is Munot's only listed asset.
The name Kalpataru is derived from Kalpavruksha, a mythological tree of wish fulfillment.Munot is fond of Urdu poetry.
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