Jay Mehta is a prominent Indian businessman and entrepreneur, widely recognized for his leadership of the Mehta Group, a multinational conglomerate with operations spanning Africa, India, Canada, and the United States.
Born into a family with a rich legacy of entrepreneurship, Mehta has carved a niche for himself through strategic business expansions and high-profile investments, including co-ownership of the Indian Premier League (IPL) team Kolkata Knight Riders (KKR).
Profile
| Attribute | Details |
|---|---|
| Full Name | Jay Mehta |
| Date of Birth | January 18, 1961 |
| Place of Birth | India |
| Age | 64 (as of April 23, 2025) |
| Family Background | Son of Mahendra Mehta and Sunayana Mehta; grandson of Nanji Kalidas Mehta, founder of Mehta Group |
| Education | BS in Engineering, Columbia University (1983); MBA, International Institute for Management Development, Lausanne, Switzerland (1991) |
| Occupation | Businessman, Chairman of Mehta Group |
| Business Ventures | Owns Mehta Group (multinational); Saurashtra Cement Ltd.; Gujarat Sidhee Cement Ltd.; co-owner of Kolkata Knight Riders (IPL team) |
| Spouse | Juhi Chawla (married 1995); previously married to Sujata Birla (died 1990) |
| Children | Jahnavi Mehta (b. 2001), Arjun Mehta (b. 2003) |
| Notable Associations | Co-owner of Kolkata Knight Riders with Shah Rukh Khan; cousin of late Kenyan race car driver Shekhar Mehta |
| Residence | Malabar Hill, Mumbai, India |
| Net Worth | $3.5 Billion USD (₹28,000 crore INR) |
Early Life and Family Background
Jay Mehta was born on January 18, 1961, in Mumbai, Maharashtra, India, into a prominent business family with deep roots in entrepreneurship. He is the son of Mahendra Mehta and Sunayana Mehta and the grandson of Nanji Kalidas Mehta, the founder of the Mehta Group. His grandfather’s vision and business acumen laid the foundation for the conglomerate, which began with ventures in Uganda and later expanded globally. Jay’s family background instilled in him a strong work ethic and an early interest in business management.
Growing up in a household surrounded by business discussions, Jay was exposed to the intricacies of entrepreneurship from a young age. His cousin, the late Shekhar Mehta, was a renowned Kenyan race car driver, adding a layer of diversity to the family’s accomplishments. Despite the family’s wealth and influence, Jay was raised with values of discipline and perseverance, which would later shape his career.
Jay Mehta Education
Jay Mehta pursued academic excellence, equipping himself with the skills necessary to lead a global conglomerate. He earned a Bachelor of Science in Engineering from the Fu Foundation School of Engineering and Applied Science at Columbia University, New York, in 1983. This technical education provided him with a strong foundation in problem-solving and innovation, qualities essential for his future business endeavors.
In 1991, Jay furthered his education by obtaining an MBA from the International Institute for Management Development (IMD) in Lausanne, Switzerland. The MBA program honed his strategic thinking and leadership skills, preparing him to take on the responsibilities of managing the Mehta Group. His international education exposed him to global business practices, which he later applied to expand the conglomerate’s operations across continents.
Jay Mehta Career and Business Ventures
Jay Mehta is the Chairman and Managing Director of the Mehta Group, a diversified conglomerate founded by his grandfather, Nanji Kalidas Mehta. Headquartered in Gandhinagar, India, the Mehta Group operates in multiple sectors, including cement, sugar, packaging, floriculture, engineering, electrical cables, consulting, management, insurance, and international trade. With subsidiaries in the United States, Canada, Kenya, and Uganda, the group employs over 55,000 people worldwide and has an asset base exceeding $2.1 billion as of December 2024.
Under Jay’s leadership, the Mehta Group has expanded its global footprint and diversified its portfolio. His focus on innovation, sustainability, and strategic investments has strengthened the conglomerate’s position in competitive markets. The group’s commitment to environmental responsibility has earned it accolades, such as the Greentech and Fame Award, and Jay himself was honored with the Parvasi Bharatiya Samman Award in 2015 for his contributions to business and society.
Cement Industry
Jay Mehta oversees two major cement companies in India: Saurashtra Cement Ltd., located in Ranavav near Porbandar, Gujarat, and Gujarat Sidhee Cement Ltd., located in Veraval, Gujarat. These companies are key players in India’s construction and infrastructure sectors, producing high-quality cement for residential, commercial, and industrial projects. Jay’s leadership has driven technological advancements and operational efficiencies, making these companies competitive in a rapidly growing market.
Real Estate and Infrastructure
The Mehta Group, under Jay’s guidance, has made significant inroads into real estate and infrastructure development. The conglomerate focuses on sustainable urban renewal, high-quality construction, and large-scale infrastructure projects such as roads and bridges. These ventures have contributed to India’s urban development and generated substantial revenue for the group.
Hospitality and Pharmaceuticals
Jay Mehta has expanded the Mehta Group’s portfolio into the hospitality and pharmaceutical sectors. The group’s hospitality ventures include luxury hotels and resorts catering to corporate clients and tourists. In pharmaceuticals, the Mehta Group focuses on producing high-quality medicines and healthcare products, aligning with Jay’s vision of socially impactful businesses.
Sports and Entertainment: Kolkata Knight Riders
One of Jay Mehta’s most high-profile ventures is his co-ownership of the Kolkata Knight Riders (KKR), an IPL franchise, alongside Bollywood superstar Shah Rukh Khan and his wife, Juhi Chawla. Acquired in 2007, KKR has become one of the IPL’s most successful and popular teams, winning the championship three times, including in 2024. Jay’s involvement in KKR blends his business acumen with his interest in sports and entertainment, enhancing his public profile. The team’s success has also contributed to his wealth, with the 2024 IPL victory earning KKR a prize of INR 20 crore.
Other Investments
Jay Mehta’s diversified investment portfolio includes renewable energy, technology, and financial markets. His strategic investments in emerging sectors demonstrate his ability to anticipate market trends and capitalize on new opportunities. His focus on sustainability has guided his investments in eco-friendly technologies, balancing profitability with environmental responsibility.
Jay Mehta Wife
Jay Mehta’s personal life has been marked by both tragedy and joy. He was first married to Sujata Birla, sister of industrialist Yash Birla, in 1989. Tragically, Sujata died in 1990 in the Indian Airlines Flight 605 plane crash, leaving Jay devastated. Despite this loss, Sujata’s contributions to the Mehta Group during their brief marriage remain a part of its legacy.
In 1995, Jay married Bollywood actress and former Miss India Juhi Chawla in a private ceremony. Introduced through mutual friend and filmmaker Rakesh Roshan, their friendship blossomed into a deep bond during a challenging period in Jay’s life. The couple has two children: a daughter, Jahnavi Mehta (born 2001), and a son, Arjun Mehta (born 2003). Jay and Juhi’s marriage is considered one of Bollywood’s most stable and enduring partnerships, approaching their 30th anniversary in 2025.
Juhi Chawla, known for films like Qayamat Se Qayamat Tak and Darr, is also an entrepreneur and philanthropist. She co-owns KKR and is actively involved in charitable initiatives, particularly in education, healthcare, and environmental causes. The couple resides in a luxurious, multi-storey ancestral home in Mumbai’s Malabar Hill, which blends modern design with traditional aesthetics and features a sea-facing terrace renovated by Sri Lankan architect Channa Daswatte.
Jay Mehta Luxurious Assets and Cars
Jay Mehta and Juhi Chawla lead an affluent lifestyle, reflected in their luxurious assets. Their primary residence is a palatial home in Malabar Hill, Mumbai, occupying two floors of a family-owned building. The property features a 2,200-square-foot air-conditioned room and a massive terrace with a stunning view of Marine Drive. Jay also owns an ancestral mansion, Hill Bungalow, in Porbandar, Gujarat, constructed with hand-hewn limestone bricks.
The couple’s car collection is equally impressive, showcasing their taste for luxury and performance. Notable vehicles include:
- Aston Martin Rapide: Priced at approximately INR 3.3 crore, this high-performance luxury sedan combines elegance and speed.
- BMW 7 Series: Valued at INR 1.8 crore, known for its advanced technology and comfort.
- Mercedes-Benz S-Class: Priced at INR 1.7 crore, a symbol of sophistication and innovation.
- Jaguar XJ: Worth INR 1.2 crore, offering a blend of style and performance.
- Porsche Cayenne: Priced between INR 1.36–2 crore, a versatile luxury SUV.
These cars reflect Jay’s appreciation for engineering excellence and luxury, complementing his status as a billionaire businessman.
Jay Mehta Net Worth
Jay Mehta’s net worth is estimated to be $3.5 Billion USD (₹28,000 crore INR) as of 2025, though some sources suggest it could be higher. His wealth is derived from his leadership of the Mehta Group, valued at over INR 4,176 crore, and his investments in KKR, real estate, hospitality, pharmaceuticals, and other sectors. The Mehta Group’s diverse portfolio and global operations ensure a steady revenue stream, while Jay’s strategic investments in emerging markets have further bolstered his fortune.
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FAQs
What was Jay Mehta’s net worth in 2020?
There is no definitive figure for Jay Mehta’s net worth specifically in 2020 from the available information. However, estimates from around that period suggest his wealth was substantial due to his leadership of the Mehta Group, a multinational conglomerate with assets exceeding $500 million (approximately ₹4,171 crore) as reported in later years.
What was Jay Mehta’s net worth in 2021?
Estimates of Jay Mehta’s net worth in 2021 vary across sources. According to some reports, his net worth was approximately $350 million (around Rs 254 crores) in 2021. Another source suggests a lower figure of $3 million, though this seems less consistent with his business holdings. Given his ownership of the Mehta Group, with assets exceeding $500 million, and co-ownership of the Kolkata Knight Riders, the higher estimate of around $350 million is more plausible for 2021.
How much was Jay Mehta’s net worth in 2022?
Jay Mehta’s net worth in 2022 is estimated to have been around $3.2 billion USD (approximately ₹26,000 crore INR), according to sources citing his leadership of the Mehta Group, a conglomerate spanning industries like chemicals, real estate, and manufacturing, with additional growth from expansions in real estate and the chemical sector.
What was Jay Mehta’s net worth in 2023?
In 2023, Jay Mehta’s net worth was approximately $3.4 billion USD (₹27,000 crore INR). His wealth grew due to ongoing expansion in the chemical and pharmaceutical industries, increasing real estate asset values, and successful investments in global markets.
What is Jay Mehta’s net worth in 2024?
By 2024, Jay Mehta’s net worth is estimated to be around $3.5 billion USD (₹28,000 crore INR). His wealth has been enhanced through his leadership of the Mehta Group and strategic investments in real estate and infrastructure.
Who is Jay Mehta’s wife?
Jay Mehta is married to Bollywood actress and former Miss India Juhi Chawla. They tied the knot in 1995 and have two children, Jahnavi and Arjun Mehta.
How did Jay Mehta and Juhi Chawla meet?
Jay Mehta and Juhi Chawla were introduced through mutual friend and filmmaker Rakesh Roshan. Their friendship grew during a difficult period in Jay’s life, leading to their marriage in 1995.
Is Jay Mehta involved in philanthropy?
Yes, Jay Mehta and Juhi Chawla support various charitable causes, including education, healthcare, clean water access, and environmental sustainability, through the Mehta Group and personal initiatives.
Social Media Handle
Instagram: @iamjaymmehta
