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Lodha Group was established by 1980 by Mangal Lodha, a businessman [10] and politician, who serves as Member of Legislative Assembly. [11]In September 2007, the Deutsche Bank made an investment of ₹ 1,640 crore (US$189 million) by subscribing to the compulsorily convertible debentures (CCDs) of Lodha's subsidiary, Cowtown Land Development Limited.
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Mangal Prabhat Lodha (born December 1955 [1] [2]) is an Indian billionaire businessman and politician. He is the minister of the Ministry of Tourism and of the Ministry of Skill Development and Entrepreneurship (Maharashtra) . [ 3 ]
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Lodha people are one of Schedule Tribes and PVTGs of India, primarily living in West Bengal and Odisha. Lodhas of West Bengal mostly live the Paschim Medinipur and Jhargham districts. A section of the Lodha has converted to Islam , and formed a distinct community called the Lodha Muslims .