Raichandanis believes in nurturing relationships to build a future based on character and faith, leaving a legacy of trust and congruence for future generations.
In 1977, Mr. Doulataram Raichandani moved from Nizamabad to Hyderabad, where he started a wholesale business of handloom wear operated on a bicycle.
In 1984, Mr. Prakash and Mr. Deepak Raichandani worked in a private firm in Dubai for several years.
In 1987, Mr. Rajkumar Raichandani established a new venture, Prakash Enterprises, in Tumkur, Karnataka. After three years of operation, they opened three retail stores in Veena Bazaar, Hyderabad, each measuring 500 sq. ft. In 1994, they introduced denim and jeans fabrics in the textile industry, successfully gathering 800 customers in Andhra Pradesh.
In 1998, Raichandanis opened their first retail shop on Subhash Road, covering an area of 5000 sq. ft. After its success, they purchased their first property in 2004, measuring 15000 sq. ft. From then on, they set up multiple shops every 2-4 years, becoming regular walk-in brands for families. With the involvement of Mr. Anil and Mr. Sunil Raichandani, the textile business saw new heights every day.
While the textile business prospered, Raichandanis established a real estate business with a partnership firm in 2006. They accomplished many successful projects in partnership until 2011.
Starting from Hyderabad, Raichandani Group paved its way into the construction arena. They became an established name by developing qualitative and strenuous residential and commercial complexes, and made it to the list of top construction developers in the city.
With the values being passed on to the second generation, Raichandanis expanded their business to Pune, Bhopal, Goa, and Indore. In 2017, they further expanded their avenues to Pune and Goa from Hyderabad.
Since then, Raichandanis have been creating exquisite landmarks in cities like Goa, Indore, Bhopal, Karimnagar, and Pune, with many more to come.
It gives immense pride to state that Raichandanis have completed the constructions sizing over 4 million square feet till the date.
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