Ravi Ghai: Mumbai Tycoon Behind Granddaughter Saaniya Chandok’s Engagement to Arjun Tendulkar

Family Dispute with Son, Gaurav Ghai

Despite his professional achievements, Ghai’s personal life has faced challenges. According to a report by the Free Press Journal, Ravi filed a complaint at Mumbai’s Marine Drive Police Station, accusing his son, Gaurav Ghai, of fraud, forgery, and seizing control of the Graviss Group without his consent.

Ravi alleged that these actions took place while he was receiving cancer treatment. He claimed that a supplementary Family Settlement Agreement was fraudulently executed using his forged signature, stating, “My signature was misused for the agreement.” He further noted that he was the sole owner of the Graviss Group until a business restructuring in 2001.

Claims of Betrayal

Ravi Ghai alleged that after returning from treatment abroad, his son Gaurav and daughter-in-law presented him with various business documents to sign. Trusting them during his weakened health, he signed without scrutiny. However, he claimed that by January 2025, his monthly allowance of Rs 12.5 lakh ceased, and by April, his CFO informed him that Gaurav had assumed the role of chairman and taken full control of the company.

Arbitration Over Legal Action

Although the accusations are serious, the police declined to file an FIR, classifying the issue as a family dispute better suited for arbitration than criminal proceedings. The matter remains unresolved, adding complexity to the legacy of one of Mumbai’s most prominent business families.

Net Worth and Business Ventures

The Ghai family’s wealth is tied to the Graviss Group, which operates The Brooklyn Creamery and the Baskin-Robbins franchise in India. Graviss Food Solutions Private Limited reported revenues of Rs 624 crore in FY23–24, a 20% increase from the previous year, with an authorized capital of Rs 2.23 crore and a paid-up capital of Rs 90,100. The family also owns the InterContinental Hotel under the InterContinental Hotels Group, valued globally at $18.43 billion as of August 2025. While specific estimates of Ravi Ghai’s personal net worth are not publicly available, his significant stake in Graviss Hospitality Ltd, valued at over Rs 21.4 crore as of March 2025, underscores his financial standing.