Fortune India 40 under 40

Our MD & Co-CEO Nibhrant Shah and ED & Co-CEO Dhimaan Shah have been honored on Fortune India’s 40 under 40 list this year. Fortune India’s 40 under 40 list celebrates the brightest young leaders who have reshaped the trajectory of businesses across the nation. Read more about their compelling feature below.

Shah’s add golden touch at Isprava
Nibhrant Shah, 39 | Dhimaan Shah, 37
MD and co-CEO | ED and co-CEO, Isprava Group

Where do India’s wealthiest travel besides local destinations like Udaipur or Goa? It’s either Europe or tropical places like Bali and Koh Samui. That’s where Isprava Group has expanded its hospitality business, Lohono Stays, globally in last years with locations in Phuket and Koh Samui in Thailand, Bali in Indonesia, Maldives and Sri Lanka. The company was founded in 2016 by brothers Dhimaan and Nibhrant Shah, investment bankers who returned to India after stints in London and New York. “We cater to customers who are as likely to spend holidays outside India as inside India. We have almost 250 homes, over 1000 rooms, outside India.” says Nibhrant Shah. It plans to expand in Europe too. “We are looking at Italy, Greece, south of France,” he adds.

Mumbai-based Isprava Group, which owns luxury real estate developer Isprava (average ticket size 10 crore) and real estate brand The Chapter (average ticket size 5 crore), besides Lohono, is on an expansion spree. “We have grown at 65% CAGR over a five-year period.” says Dhimaan Shah. The company reported sales of about 700 crore in FY24, up from 530 crore in FY23