What is Mofatraj Munot's Net Worth?
Mofatraj Munot is an Indian entrepreneur who has a net worth of $1.24 billion. One of the richest people in India, Mr. Munot has more than 45 years of experience in the sphere of real estate and property development, as well as civil contracting and various other industries. He is best known as the founder, Chairman and Chief Promoter of Kalpataru Group and also as the founder of Kalpataru Power Transmission Ltd.
Even though there was a fall in property sales, Mofatraj Munot and his son, Parag, are busy working on several new projects. Once they sealed $200 million deal earlier this year to acquire 108 acres in suburban Mumbai from Bayer's Indian arm, the father-and-son duo continues to acquire other showpieces like Kalpataru Avana, a midtown luxury condo. Mr. Munot also is the one to have built a medical clinic that provides free treatments in Ahmedabad and intends to build another clinic of the kind in Mumbai.
