DLF owner: the Singh family holds 74.08%, mostly through Rajdhani Investments
DLF is owned by the Singh family, who hold 74.08% as promoters, mostly through Rajdhani Investments (61.53%). Foreign institutions hold 11.43% and mutual funds 6.92%.
DLF is owned by the family of chairman Rajiv Singh and his father, Kushal Pal Singh, who hold a 74.08% promoter stake, mostly through Rajdhani Investments and Agencies, which alone holds 61.53%. The rest is held by foreign institutions (11.43%), mutual funds (6.92%) and retail and other investors (about 5.4%), according to Upstox’s shareholding data on 4 November 2026. 12
Who owns DLF? Shareholding at a glance
| Shareholder | Stake |
|---|---|
| Promoter group (total) | 74.08% |
| Rajdhani Investments and Agencies Pvt Ltd | 61.53% |
| Prem Traders LLP | 3.64% |
| Mallika Housing Company LLP | About 3% |
| Raisina Agencies LLP | 2.66% |
| Jhandewalan Ancillaries LLP | 1.91% |
| Pia Singh | About 0.87% |
| Kushal Pal Singh | About 0.59% |
| Foreign institutions | 11.43% |
| Mutual funds | 6.92% |
| Retail and other | About 5.4% |
The promoter breakdown uses the December 2025 disclosure aggregated by Trendlyne, and the totals use the filing for the latest quarter. The promoter holding was 74.08% in each of the last three reported quarters, so the split has been stable. 134
Who founded DLF?
DLF was incorporated on 4 July 1963 and was founded by Chaudhary Raghvendra Singh, who built some of Delhi’s first residential colonies, including Krishna Nagar. His son-in-law Kushal Pal Singh later led the company, and Kushal Pal Singh‘s son Rajiv Singh is chairman. Our DLF company page covers the leadership and projects. 45
Who runs DLF today?
Rajiv Singh is chairman. Ashok Kumar Tyagi and Devinder Singh are managing directors. Singh has more than 35 years of experience in the real estate industry, and the family’s control comes through the holding companies and LLPs listed above rather than through large direct holdings. The individual family members named in the filing, such as Pia Singh and Kushal Pal Singh, hold less than 1% each. 34
Is DLF a government or private company?
DLF is a private-sector company listed on the NSE and BSE. The government holds no stake, and the promoter group’s 74.08% is just under the 75% ceiling that India’s rules set for listed companies. Institutions hold about 18% of the shares, while retail investors hold about 5.4%. 12
How much are the DLF owners worth?
Kushal Pal Singh appeared among India’s richest people on Forbes’ real-time list in 2019, according to Gulf News, and DLF’s value has risen since. DLF is one of India’s largest real-estate developers; for the current ranking of India’s wealthiest, see our guide to the top 10 richest people in India. 5
What happens next
The next shareholding pattern is due after the December 2026 quarter. Promoter ownership has barely moved in a year, so a change would show up only if the family sold shares to the public. For other large Indian owners, read who owns DMart and who owns the Tata Group.
Frequently asked questions
Who is the owner of DLF?
DLF is owned by the family of chairman Rajiv Singh and Kushal Pal Singh through promoter holding companies. Together they hold 74.08%.
Who founded DLF?
Chaudhary Raghvendra Singh founded DLF in 1963. His son-in-law Kushal Pal Singh later led it.
Which company holds most of DLF's promoter stake?
Rajdhani Investments and Agencies Pvt Ltd holds 61.53% of DLF, the largest promoter entity.
Is DLF a government company?
No. DLF is a listed private-sector company, and the government holds no stake.
