Piro­jsha Go­drej will Now Head Go­drej Prop­er­ties

The Economic Times - - Companies: Pursuit Of Profit - Our Bu­reau

Mum­bai: Go­drej Prop­er­ties has elavated Piro­jsha Go­drej to the post of ex­ec­u­tive chair­man, in one of sev­eral top-level ex­ec­u­tive changes an­nounced on Thurs­day.

In a no­ti­fi­ca­tion to the Bom­bay Stock Ex­change, the com­pany said group chair­man Adi Go­drej is step­ping down as di­rec­tor of the com­pany but will con­tinue to pro­vide sup­port as chair­man emeri- tus. His re­spon­si­bil­i­ties will be han­dled by Piro­jsha Go­drej, who is manag­ing di­rec­tor and CEO.

Mo­hit Mal­ho­tra, an ex­ec­u­tive di­rec­tor at Go­drej Prop­er­ties, will take on Piro­jsha Go­drej's re­spon­si­bil­i­ties. All ex­ec­u­tive changes will be ef­fec­tive from April 1, 2017, the com­pany said.

Karan Bo­laria, who heads Go­drej Fund Man­age­ment, a sub­sidiary of Go­drej Pro- per­ties, has been ap­pointed as the CEO.

“Piro­jsha, Mo­hit, and the Go­drej Prop­er­ties team have de­liv­ered tremen­dous re­sults in a dif­fi­cult mar­ket en­vi­ron­ment and I’m sure will lead the com­pany to new heights,” Adi Go­drej said. “There will be many ex­cit­ing op­por­tu­ni­ties in the In­dian real es­tate space in the com­ing decades and the lead­er­ship team at Go­drej Prop­er­ties is well placed to cap­ture these op­por­tu­ni­ties and suc­cess­fully build an out­stand­ing com­pany.”

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