Curated By: Business Desk
Last Updated: November 29, 2023, 15:14 IST
He began the Danube Group in 1993.
The turning level in his life got here in 1981 when he went to Kuwait.
Business tycoon Rizwan Sajan’s transformative journey showcases dedication and perseverance, propelling him to nice heights. Sajan is the founding father of the Danube Group, an organisation centered on actual property improvement, dwelling décor and constructing supplies. He hails from a middle-class household in Mumbai, and his rise to the highest is a testomony that in the event you imagine in your self and easily maintain going, you’ll be able to obtain what you want.
Currently based mostly within the United Arab Emirates, Rizwan was born within the slums of Mumbai, close to the Ghatkopar area. It was by no means straightforward for him, as he misplaced his father on the age of 16. To help his household, he needed to promote books and ship milk.
Then in 1981, his uncle provided him a job at his constructing supplies store, in Kuwait. He began as a trainee and climbed as much as grow to be the supervisor. Talking to Forbes, Rizwan recalled the time, he stated, “That was my lottery.” But in 1991, he was pressured to return to Mumbai due to the Gulf War. He advised Forbes, “That was the second turning point in my life, I was back to zero.”
He began the Danube Group in 1993, which is now a enterprise conglomerate price billions. According to Forbes, he began the enterprise as a buying and selling agency, Rizwan stated, “It was a brokerage business, where I was making a commission.” As per the experiences, the corporate made an annual turnover of 1.3 billion US {dollars}, in 2019. United Arab Emirates Ministry of Economy web site experiences that his internet price stands at 2.5 billion US {dollars}, which is calculated to be round Rs 20,830 crore in Indian foreign money. His firm can be the developer of Danube Sports World, which is Dubai’s largest indoor sports activities facility.
