- Sachin Shah to continue as CEO and Executive Director
- Rajesh Kaimal appointed as CFO and Executive Director
- Recalibration of Board & Management team sets strongest framework for Corporate Governance
- Asset acquisitions & financing initiatives establish growth pathway for pan-India platform under the iconic Embassy Brand
Mumbai: Embassy Developments Limited (˜EDL`) is pleased to announce that the Board of Directors at its meeting on February 25, 2025, approved the appointment of Jitendra Virwani as Chairman of the Board, and Aditya Virwani as Managing Director of the Company. K.G. Krishnamurthy, previous Independent Chairman to remain as Independent Member of the Board.
Aditya Virwani spearheads a dynamic and experienced leadership team at one of India`s fastest growing real estate companies, including Sachin Shah, who continues as Chief Executive Officer and Executive Director, alongside Rajesh Kaimal appointed as Chief Financial Officer and Executive Director.
Commenting on the appointment, Aditya Virwani, Managing Director said, I am delighted to take on this role at such a pivotal moment for EDL. Embassy has always been a pioneer in Indian real estate – launching India`s first listed REIT, institutionalising the co-working sector, and setting the benchmark for luxury residential projects across gateway markets. EDL represents our flagship development platform with 45 million square feet of residential and commercial saleable and leasable area, and over a 3,000-acre landbank. I look forward to working with such a talented and dedicated team to build a truly pan-India real estate powerhouse.