New bosses at Shriram Properties! Who’s taking the reins?

In a significant reshaping of its top management, Shriram Properties Limited (SPL), one of South India’s premier residential real estate developers, has announced the promotion of Mr. Gopalakrishnan J to the role of Executive Director & Group Chief Executive Officer, effective July 20, 2024. Previously serving as the Executive Director & Group Chief Financial Officer, Gopalakrishnan’s new role is set to further accelerate SPL’s strategic initiatives and growth.

Simultaneously, SPL has appointed Mr. K R Ramesh as the new Executive Director – Strategy & Corporate Development. Formerly the Executive Director of Operations, Ramesh’s extensive experience in SPL’s operational successes positions him ideally to steer the company’s future strategic projects and corporate initiatives.

Gopalakrishnan joined SPL in 2018 and has been pivotal in the company’s ongoing transformation, playing a critical role during the IPO process and establishing a robust platform for future growth. With over 33 years of experience in corporate finance and capital markets, his prior engagements include significant stints at major industrial conglomerates such as Reliance Industries Limited (RIL) and Aditya Birla Group.

Ramesh, on the other hand, has been with SPL since 2007, where he has spearheaded the company’s operations and business development. His efforts have been crucial in developing a strong project pipeline and streamlining operations, making substantial contributions to SPL’s strategic transformation.

As SPL continues its search for a new CFO, Gopalakrishnan will temporarily oversee the finance function to ensure continuity and stability. This interim solution reflects SPL’s strategic approach to maintaining leadership during pivotal transitions.

Shriram Properties Ltd is a leader in the mid-market and affordable housing segments, with a significant presence in Bangalore, Chennai, and Kolkata—cities that form nearly 85% of its development activities. To date, SPL has successfully delivered 44 projects encompassing a saleable area of 24.4 million square feet. The company boasts a strong development pipeline with 42 projects and a potential development volume of 42.1 million square feet as of March 31, 2024.

SPL’s leadership changes are a strategic move to harness internal talent and steer the company towards greater growth amidst an evolving real estate market.