Title: Vice Chairman, Chief Financial Officer
Company: Dhanani Private Equity Group
Location: Sugar Land, Texas, United States
Nikhil M. Dhanani, Vice Chairman at Dhanani Private Equity Group, has been recognized by Marquis Who’s Who Top Executives for dedication, achievements, and leadership in equity management.
Since 2014, Mr. Dhanani has prospered as vice president and chief financial officer of Dhanai Private Equity Group, in which he assists clients in raising money to build multifamily apartments, shopping centers and other retail centers in the Houston metropolitan area. His responsibilities include strategic direction with full responsibility for bottom-line factors including long-range planning, forecasting, and project development. Mr. Dhanani manages all aspects of the business, including budgeting, business development, capital generation, and financing, provides cross-functional management, oversees organizational structure and major pricing decisions, and performs a monthly financial evaluation of company results. By the end of 2021, the firm had over $700 million dollars in assets under management.
Following obtaining a Bachelor of Arts in economics and international business in 2014 from the University of Houston, Mr. Dhanani worked to develop 24 Seven beginning in 2014 and then joined Dhanani Private Equity, which was founded in 2011 by his uncle, Nick Dhanani, and initially developed small projects such as gas stations and convenience stores that were co-branded with national fast-food chains. Within two years, the firm was worth $20 million and by the fourth quarter of 2021, the firm notably acquired nearly $300 million in acquisitions and completed a $91 million retail acquisition in Stafford, Texas.
Believing in his uncle’s company’s vision to bring their community on the same page motivated Mr. Dhanani to work hard until he helps grow the business to the extent that he can gain healthy residual income from it by the time he reaches the age of 50. He is extremely proud of the aggressive growth of Dhanani Private Equity Group over the years. From their small beginnings as gas station businessmen, they expanded into the retail center and hotel entrepreneurship as they acquired more land, vigorously exploring multi-family real estate development in the last three years.
Mr. Dhanani is confident that the company is on its way to becoming a three- to five-billion-dollar company at the end of five years if they keep heading in the right direction. He has set his sights on continuing to build their business by focusing on multi-family real estate development, which has proven to be a fast-growing industry. Dhanani Private Equity Group is looking to extend its reach outside of Houston and has begun to establish its footprints in San Antonio. They are likewise poised to enter a larger market, as their list of investors now includes people from California, New York and Atlanta.
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