From Slums to Billions: The Inspiring Story of Rizwan Sajan, One of Dubai's Richest Indians
Rizwan Sajan's journey from a middle-class family in Mumbai to becoming one of Dubai's wealthiest Indians is a testament to his perseverance and entrepreneurial spirit. Today, his company, Danube Group, has diversified into various sectors such as home dé
Real EstateEntrepreneurshipDubaiUaeBuilding MaterialsReal Estate NewsSep 22, 2024
In 1981, Sajan relocated to Kuwait and began working as a trainee salesman at his uncle's building materials store. His hard work and dedication quickly propelled him up the ranks. However, the Gulf War in 1991 forced him to return to Mumbai, halting his progress.
Determined to build his own path, Sajan founded Danube Group in 1993. What started as a small venture soon grew into one of the largest building materials companies in the UAE. By 2019, Danube Group boasted an annual turnover of USD 1.3 billion, with a strong presence in markets across the Middle East and beyond.
Today, the Danube Group has diversified into various sectors such as home décor and real estate, with operations spanning countries like Oman, Bahrain, and Saudi Arabia. Sajan’s vision and relentless drive have resulted in tremendous financial success. With a net worth of USD 2.5 billion (Rs 20,830 crore), according to the UAE's Ministry of Economy, Rizwan Sajan is now one of Dubai’s wealthiest Indians, embodying perseverance and the spirit of entrepreneurship.
Information Rizwan Sajan is the founder and chairman of Danube Group, a UAE-based conglomerate with interests in building materials, home décor, and real estate.
Danube Group is a UAE-based conglomerate with operations spanning the Middle East and beyond. Founded in 1993 by Rizwan Sajan, the company has grown into one of the largest building materials companies in the UAE, with a strong presence in markets across the region.
Frequently Asked Questions
Who is Rizwan Sajan?
Rizwan Sajan is the founder and chairman of Danube Group, a UAE-based conglomerate with interests in building materials, home décor, and real estate.
What is Danube Group?
Danube Group is a UAE-based conglomerate with operations spanning the Middle East and beyond, founded in 1993 by Rizwan Sajan.
What is Rizwan Sajan's net worth?
Rizwan Sajan's net worth is USD 2.5 billion (Rs 20,830 crore), according to the UAE's Ministry of Economy.
What sectors does Danube Group operate in?
Danube Group operates in various sectors such as home décor and real estate, with operations spanning countries like Oman, Bahrain, and Saudi Arabia.
Where was Rizwan Sajan born?
Rizwan Sajan was born in Mumbai, India.
Related News Articles
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.