Renuka Jagtiani, the chairwoman of the retail giant Landmark Group, has been recognized on Forbes’ prestigious 2024 New Billionaires list, boasting an impressive net worth of $4.8 billion. Her inclusion highlights India’s economic growth, as the country welcomed 25 new billionaires to the global elite.
Among these newcomers, Jagtiani stands out for her remarkable success in the retail sector. Forbes’ New Billionaires 2024 report unveils a total of 2,781 billionaires worldwide, positioning Jagtiani at the 660th spot globally and an impressive 44th in India.
Renuka Jagtiani is a prominent businesswoman and the chairwoman of Landmark Group, a major retail conglomerate headquartered in Dubai. She assumed leadership of the company following the passing of her husband, Micky Jagtiani, who founded Landmark Group in 1973.
Under her guidance, Landmark Group has expanded its operations across 24 countries in the Middle East, Africa, Southeast Asia, and the Indian subcontinent.
At the age of 70, Jagtiani leads the charge at Landmark Group, a retailing juggernaut based in Dubai, which was established by her late husband, Micky Jagtiani, in 1973. With a wealth of experience exceeding two decades in steering the company’s corporate strategy and facilitating market growth, Jagtiani oversees a workforce exceeding 50,000 dedicated employees.
Jagtiani’s visionary leadership has propelled Landmark Group to diversify its business portfolio, boasting over 25 proprietary brands encompassing retail, hospitality, food, and leisure sectors. Her entrepreneurial journey commenced with the inception of Landmark’s Indian arm in 1999, which has since burgeoned to encompass a network of 900 stores across five distinct verticals, including Lifestyle, Home Centre, and Max.
Recognized for her exceptional business acumen, Jagtiani has been the recipient of numerous accolades, including the esteemed title of Outstanding Asian Business Woman of the Year in 2007. Additionally, her remarkable contributions to the entrepreneurial sphere were acknowledged by the World Entrepreneurship Forum, where she was honored as Entrepreneur of the World Year in 2014.
Beyond her impressive business achievements, Jagtiani’s influential stature was underscored by her inclusion in Forbes’ 2021 list of the world’s most powerful women, where she secured the 96th position. However, she was notably omitted from the list in 2022, reflecting the dynamic nature of global leadership rankings.
In the realm of Indian corporate leadership, Jagtiani’s prowess finds resonance with other notable figures, such as Savitri Jindal, who commands a formidable net worth of $35.5 billion, exemplifying the burgeoning influence of women in India’s corporate landscape.
Furthermore, amidst the backdrop of a global wealth surge in the preceding financial year, Forbes’ New Billionaires 2024 list welcomed 265 new billionaires into its illustrious ranks. Jagtiani’s distinguished presence on this esteemed list, securing the 660th position globally, underscores her significant impact and prominence in the business arena.
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As the formidable head of Landmark Group, Jagtiani perpetuates the enduring legacy of her late husband, Micky Jagtiani, while charting new frontiers in the realm of global entrepreneurship and corporate leadership.
Renuka Jagtiani, aged 70, holds a Bachelor of Arts degree from the University of Mumbai. She has left an indelible mark on the business world, particularly through her instrumental role in the establishment of the high-street fashion brand Splash in 1993. Jagtiani’s contributions to the business sphere have earned her widespread acclaim, both nationally and internationally.
In 2007, she was honored with the title of Outstanding Asian Business Woman of the Year, recognizing her exceptional achievements and leadership prowess. Additionally, her remarkable entrepreneurial endeavors were acknowledged by the World Entrepreneurship Forum, which bestowed upon her the prestigious Entrepreneur of the World Year award in 2014.
These accolades underscore Jagtiani’s significant contributions to the business landscape and her standing as a trailblazing figure in the entrepreneurial realm.
Moreover, Renuka Jagtiani’s illustrious career has been adorned with prestigious titles and accolades. In 2012, she was bestowed with the esteemed title of Businesswoman of the Year, recognizing her outstanding contributions and achievements in the business realm.
Her strategic acumen and leadership prowess were further acknowledged when she received the Strategic Leader of the Year award in 2015. Continuing her trailblazing journey, Jagtiani was honored with the Captain of the Industry Award in 2016, underscoring her remarkable influence and impact in the corporate domain.
Furthermore, in 2017, her enduring legacy and exceptional leadership were immortalized when she was inducted into the esteemed Hall of Fame of the World Retail Congress, cementing her status as an iconic figure in the global business arena.
From its humble origins as a solitary store in Bahrain, the Landmark Group has flourished into a multinational powerhouse, spanning across 24 countries in regions like the Middle East, Africa, Southeast Asia, and the Indian subcontinent, with a staggering total of over 2,200 stores.
Spearheaded by Renuka Jagtiani, the group has undergone a remarkable transformation, diversifying its portfolio to encompass an array of sectors, including retail, hospitality, food, and leisure. With a robust presence in the market, Landmark Group proudly boasts a repertoire of more than 25 proprietary brands, showcasing Jagtiani’s visionary leadership and strategic prowess in steering the company towards unprecedented growth and success.
Renuka Jagtiani’s commitment to the Landmark Group is deeply ingrained in her family’s involvement, with her three children – Aarti, Nisha, and Rahul – actively serving as group directors, carrying forward the legacy of innovation and leadership.
The surge in global wealth this year has led to the addition of 265 new billionaires to Forbes’ prestigious list, reflecting the dynamic shifts in the economic landscape and the remarkable achievements of individuals like Renuka Jagtiani and her family.
The story of Micky Jagtiani is a testament to resilience and entrepreneurial vision. From his humble beginnings driving a cab in London, Jagtiani’s journey unfolded into a remarkable saga of triumph. Overcoming personal tragedies, he embarked on a transformative journey, establishing the Landmark Group in 1973.
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Initially venturing into the realm of baby products, Jagtiani’s unwavering determination and astute business acumen propelled the company’s expansion into a retail empire. Despite challenges, including the Gulf War, Jagtiani’s steadfast commitment saw the Landmark Group thrive, eventually relocating to Dubai, where it continues to flourish as a beacon of success and innovation in the global business landscape.
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