Exclusive Interview with Billionaire Dr. Niranjan Hiranandani
Dr. Niranjan Hiranandani is a prominent Indian entrepreneur known for his contributions to the real estate sector.
He co-founded Hiranandani Group along with his brother in the 1980s, and the company has since become one of India’s leading real estate developers.
Dr. Hiranandani is widely respected for his vision and leadership in creating sustainable and modern urban infrastructure. Beyond his business achievements, he is also involved in various philanthropic initiatives, particularly in the fields of education and healthcare.
Dr. Niranjan Hiranandani’s commitment to innovation and social responsibility has earned him recognition as a prominent figure in India’s business and philanthropic circles.
1. What is the #1 most costly mistake you have made, seen many investors make, or business owners make that could be avoided?
Business owners are caught between expansion V|S diversification. They often stretch themselves thin by dividing their attention across multiple products or services prematurely in their venture. This tendency to navigate two boats simultaneously disperses their energy and resources, impeding the potential success of their primary scalable offering. Instead, dedicating focus to honing and enhancing core product or service in the initial stages is paramount.
2. What is the most valuable strategy, worth far more than $1 million, that you wish someone provided you with early on that you can share here?
My most valuable experience has been learning how to adapt to a rapidly changing world by being the jack of all trades. I have also mastered many skills. Being a jack of all trades has allowed me to take on various roles and responsibilities as a real estate developer. From overseeing construction projects to managing finances and marketing properties, my ability to adapt and excel in different areas has been instrumental in my success.
3. What was the major turning point, point of increased momentum, or strategic choke point, that once you acquired or completed, made everything you were doing surge forward?
Taking a leap from standalone buildings to a mega-integrated township development model was a symbolic chokepoint overcome as we grew. This move allowed us to unlock the full potential of our resources and enabled us to create a more sustainable and resilient future. It also allowed us to create a better quality of life for our customers and provide long-term value to our stakeholders.