With a net worth of $4.8 billion, Renuka Jagtiani was included in Forbes' New Billionaire 2024 list. Jagtiani is the chairwoman of retailing giant Landmark Group.
Chairman and managing director of Reliance Industries Mukesh Ambani reclaimed the top position on the 2023 Forbes list of India’s 100 richest with a net worth of $92 billion
The total revenue of Lifestyle International for FY 2022-23 was Rs 11,810 crore.
The Landmark Group-owned multi-brand retail store chain, like many peers, is entering small towns. According to CEO Devarajan Iyer, it will tweak its strategy and store formats for tier-II cities.
Max Fashion will invest around Rs 400 crore over the next four years to open new stores in tier I and II cities.
In a meeting with Finance Minister Arun Jaitley, a delegation of the body, which included senior executives of Future Group, Shoppers Stop, Tata Group, Aditya Birla Group and Landmark Group also asked the government to allow homegrown retailers to access global capital up to 49 per cent without any restrictions.
Dubai-based Landmark Group's entertainment arm Landmark Leisure is planning to invest around Rs 1,200 crore to increase the number of its Fun City entertainment centres to 100 in India over the next 5 years.
Largely a family-format store, Max is a USD 1.6 billion brand across 17 countries. It operates 140 stores across 50 cities in the country and plans to take the total to 250 stores by 2018-19.
Lifestyle International, part of Dubai-based Landmark Group, has set a target of doubling its turnover of Rs 2,000 crore in India in the next two years, a top company executive said.