Puravankara appoints Mallanna Sasalu as CEO – South; Abhishek Kapoor resigns
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In a strategic leadership transition, Puravankara Ltd. , a real estate development firm, has appointed Mallanna Sasalu as CEO – South, subject to the approval of the Nomination & Remuneration Committee and the Board of Directors. This leadership change marks a new chapter for Puravankara as it strengthens its management to support its next phase of growth and transformation.The announcement marks a key organizational shift as Abhishek Kapoor steps down from his position as CEO and Executive Director of the company. Sasalu, a seasoned industry veteran, brings with him over 32 years of extensive experience in engineering, architecture, and real estate development across India and Canada. He holds a Civil Engineering degree and is an alumnus of Harvard Business School, combining a strong academic foundation with decades of on-ground leadership experience.'Prior to this appointment, Sasalu has played a pivotal role in the growth and transformation of Provident Housing Limited, the mid-income housing arm of the Puravankara Group. Under his leadership, Provident scaled new heights in operational efficiency, customer engagement, and market expansion,' said a person aware of the development.Sasalu's appointment signals Puravankara's renewed focus on region-specific leadership to drive business performance, especially as the company ramps up projects across Mumbai, Bengaluru, Chennai, and Hyderabad. His prior success in delivering large-scale, community-focused housing projects aligns with the company's mission to address diverse homebuyer needs across market segments.'The transition is part of the company's broader strategy to strengthen its regional leadership, enhance operational agility, and build on its momentum in the South India market—its historical stronghold,' said another source aware of the development.Founded over five decades ago, the Puravankara Group is headquartered in Bengaluru and has established itself as a leading player in the Indian real estate sector. The Group operates through three residential brands—Purva, Provident Housing Limited (PHL), and Purva Land—catering to premium, mid-income, and plotted development segments respectively.The Group also owns Starworth Infrastructure and Construction Limited (SICL), a wholly-owned subsidiary specializing in technology-enabled construction, and Purva Streaks, its interior design services division. As of December 31, 2024, Puravankara has completed over 85 projects spanning 51 million square feet across nine cities and holds a land bank of approximately 30 million square feet. Ongoing projects cover an additional 33.08 million square feet.
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