Ravi Ghai Net Worth: Ravi Ghai, a prominent Mumbai-based businessman, has made headlines recently due to his granddaughter Saaniya Chandok’s engagement to Arjun Tendulkar, son of cricket legend Sachin Tendulkar. As the head of the Graviss Group, Ghai has built a formidable empire in India’s hospitality and food industries. But what exactly is Ravi Ghai’s net worth, and how did he amass his wealth? Let’s dive into his story, exploring his business ventures, family legacy, and more in this 700-word journey Spectator.
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Who Is Ravi Ghai?
Ravi Ghai is a titan in Mumbai’s business scene, known for steering the Graviss Group to success. Born in April 1943, he graduated from Cornell University’s School of Hotel Administration in 1966 and returned to India to take over his father’s business in 1967. His father, Iqbal Krishan Ghai, laid the foundation with Kwality Ice Cream, a beloved brand that started during World War II. Under Ravi’s leadership, the Graviss Group expanded into a conglomerate with interests in luxury hotels and popular food brands.
- Key Achievements: Transformed Kwality into a national icon and introduced Baskin-Robbins to the SAARC region.
- Current Role: Non-Executive Chairman of Graviss Hospitality Ltd.
- Personal Life: Married to Gita Ghai, with four children: Gaurav, Gaurika, Ravina, and Gayatri.
His business acumen and global perspective have made him a respected figure, though recent family disputes have added complexity to his legacy.
The Graviss Group Empire
The Graviss Group is the backbone of Ravi Ghai’s wealth. It spans hospitality and food sectors, with notable ventures like the InterContinental Hotel at Marine Drive and The Brooklyn Creamery. The group’s parent company, Graviss Food Solutions Private Limited, reported a revenue of Rs 624 crore in FY23–24, marking a 20% growth from the previous year. The group also operates Baskin-Robbins in India and manages heritage brands like Kwality.
- Major Assets: InterContinental Hotel, Baskin-Robbins franchise, The Brooklyn Creamery.
- Revenue Growth: 20% year-on-year increase, reflecting strong business performance.
- Global Reach: Expanded Kwality and Baskin-Robbins to the Middle East and SAARC region.
The group’s diversified portfolio, combining luxury hospitality with mass-market food brands, has solidified Ghai’s financial standing.
Estimating Ravi Ghai’s Net Worth
Ravi Ghai’s net worth is estimated to be between Rs 800 crore and Rs 1,000 crore, according to multiple sources. This wealth stems from the Graviss Group’s operations, stock holdings worth Rs 21.4 crore, and real estate assets. The InterContinental Hotel, a flagship property under the global InterContinental Hotels Group (valued at $18.43 billion in August 2025), is a significant contributor. His investments in companies like Kwality Real Estates Pvt Ltd and Perfect Livestock LLP also add to his fortune.
- Net Worth Range: Rs 800–1,000 crore.
- Key Income Sources: Hospitality, food franchises, stock investments, real estate.
- Notable Asset: InterContinental Hotel, a luxury landmark in Mumbai.
While exact figures vary, the consistent estimate across reports highlights the scale of his success.
Family Legacy and Disputes
The Ghai family’s legacy is rooted in entrepreneurship, starting with Iqbal Krishan Ghai, known as the “Maharaj of Ice Cream.” Ravi built on this foundation, but recent family tensions have surfaced. In 2025, he accused his son Gaurav of fraudulently taking control of the Graviss Group during his cancer treatment, alleging forged signatures and the cessation of his Rs 12.5 lakh monthly allowance. The dispute, referred to arbitration, underscores challenges within the family.
- Family Business: Started by Iqbal Krishan Ghai, expanded by Ravi.
- Conflict: Allegations of forgery and control issues with son Gaurav.
- Current Status: Dispute unresolved, handled as a family matter.
Despite these challenges, the Ghai family remains influential, with Ravi’s granddaughter Saaniya Chandok’s engagement to Arjun Tendulkar drawing public attention.
Beyond Business: Personal Pursuits and Public Image
Ravi Ghai’s life extends beyond boardrooms. An avid golfer and horse racing enthusiast, he once chaired the Stewards at the Royal Western India Turf Club. His support for para athletes at the 2024 Paris Paralympics reflects his commitment to sports. The engagement of his granddaughter to Arjun Tendulkar has further elevated his public profile, blending business and cultural prominence.
- Hobbies: Golf, horse racing, and philanthropy in sports.
- Public Spotlight: Boosted by Saaniya’s engagement to Arjun Tendulkar.
- Legacy Touch: Graviss Group’s rebranding in 2001 used family initials, symbolizing unity.
At 82, Ravi Ghai remains a dynamic figure, balancing tradition with innovation while navigating personal and professional complexities.