Another business from which Kundra has profited is his 11.7 per cent stake in the Rajasthan Royals (RR) Indian Premier League (IPL) cricket team.
People close to him advised him against buying into a team in 2009, at a time of economic downturn. But he didn't pay heed to them.
"I'm from a country that loves football and I understand how leagues work," he says. "And I knew that if a football team can go from $1 million to $1 billion then it's not long before a $100 million team will be worth $500-600 million in this cricket-crazy country."
Kundra came onto the Rajasthan Royals' board when it had a valuation of $100 million.
Today the cricket team is said to be worth $200-250 million.
Image Courtesy: Raj Kundra