Latest news with #Sasalu
Hindustan Times
10-05-2025
- Business
- Hindustan Times
Abhishek Kapoor tenders resignation as Group CEO from Puravankara Group, Mallanna Sasalu appointed as CEO-South
Bengaluru-based real estate developer Puravankara Group has announced that Abhishek Kapoor, Executive Director and Group CEO, has tendered his resignation. The company also announced the appointment of Mallanna Sasalu AS CEO-South. The company in its regulatory filing said that Abhishek Kapoor, Executive Director and Group CEO, has tendered his resignation effective from the closure of business hours on May 9, 2025. The company in the regulatory filing added that Mallanna Sasalu has been appointed as the CEO-South, with effect from May 9, 2025, subject to the approval of the nomination and remuneration committee and Board of Directors in its forthcoming meeƟngs, respectively. According to the company, Sasalu is a seasoned professional with over 32 years of extensive experience spanning engineering, architecture, and real estate development in both India and Canada. Also Read: Puravankara Ltd in advanced stages of discussion for redevelopment of 3-4 housing societies in Mumbai: Group CEO Sasalu holds a degree in Civil Engineering and is an alumnus of Harvard Business School, adding a strong academic foundation to his diverse professional expertise, the company said. Currently, Sasalu has been instrumental in scaling Provident Housing Ltd. to new heights. The company said in a statement that his strategic leadership and operational expertise have positioned him as a pivotal figure in the organisation's growth and success. On May 9, the company also announced a joint venture to develop a 24.59-acre land parcel in North Bengaluru. According to a statement issued by the company, the project has an estimated gross development value of ₹3,300 crore. Also Read: Puravankara Group announces 24.59-acre joint venture project in North Bengaluru, having ₹3,300 crore potential According to the company, the land parcel has a total saleable area of approximately 3.48 million sq ft, and the project is expected to be launched in the next six months.
Economic Times
10-05-2025
- Business
- Economic Times
Puravankara appoints Mallanna Sasalu as CEO – South; Abhishek Kapoor resigns
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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 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 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 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.
Time of India
10-05-2025
- Business
- Time of India
Puravankara appoints Mallanna Sasalu as CEO – South; Abhishek Kapoor resigns
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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 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 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 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.
Business Upturn
09-05-2025
- Business
- Business Upturn
Abhishek Kapoor resigns as Group CEO of Puravankara; Mallanna Sasalu named CEO–South
Puravankara Limited has officially announced a leadership transition in its senior management team. Mr. Abhishek Kapoor, who served as the Executive Director and Group CEO, has tendered his resignation effective at the close of business hours today. The company confirmed the resignation in a regulatory filing and has attached the resignation letter as part of the disclosure in compliance with SEBI's Master Circular dated November 11, 2024. No specific reasons for the resignation were mentioned in the public communication. In parallel, Puravankara has proposed the appointment of Mr. Mallanna Sasalu as CEO–South, effective May 9, 2025, subject to approval by the Nomination and Remuneration Committee and the Board of Directors at their upcoming meetings. Mr. Sasalu is currently associated with Provident Housing Ltd., a subsidiary of Puravankara, and brings over 32 years of experience in engineering, architecture, and real estate development. He is a Civil Engineering graduate and an alumnus of Harvard Business School. According to the disclosure, Mr. Sasalu is not related to any existing directors of the company. Abhishek KapoorPuravankara Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
