[6][7] In October 2024, Lodha was ranked 19th on Forbes list of India’s 100 richest tycoons, with a net worth of $11.4 billion.

His father Guman Mal Lodha was an independence activist and was former chief justice of the Guwahati High Court.

[13] Lodha has been the MLA of Maharashtra Vidhan Sabha, representing the Malabar Hill constituency for five consecutive terms since 1995, after beating the then incumbent Balwant Desai of the Indian National Congress.

[14] As a legislator, Lodha played a role in the introduction of the Right to Information Act (RTI) in the Maharashtra Vidhan Sabha.

[15] He helped set up the Animal Welfare Board in Maharashtra and has proposed a law against cow slaughter in the state.