Gopalakrishnan J Elevated to Group CEO at Shriram Properties

Shriram Properties Ltd has promoted Gopalakrishnan J to Executive Director and Group CEO, effective July 20, 2024. He previously held positions such as Executive Director and Group CFO. The company also assigned new roles to other executives, including K R Ramesh. Shriram Properties focuses on mid-market and affordable housing.

Shriram Properties Ltd has announced the promotion of Gopalakrishnan J to the role of Executive Director and Group Chief Executive Officer (CEO), effective July 20, 2024.

Previously, Gopalakrishnan served as Executive Director and Group Chief Financial Officer (CFO) of the Bengaluru-based real estate firm. In a regulatory filing on Saturday, the company confirmed that its Board of Directors approved the new appointment during a meeting held on July 20, 2024.

Alongside this elevation, K R Ramesh, formerly the Executive Director - Operations, has been named Executive Director – Strategy & Corporate Development, also effective July 20, 2024.

Gopalakrishnan, who joined Shriram Properties in 2018, has played a crucial role in the company's transformation, IPO process, and in building a robust growth platform. With over 33 years of experience in corporate finance and capital markets, he has worked with major industrial groups including Reliance Industries Ltd and the Aditya Birla Group.

Meanwhile, Ramesh, who has been with the company since 2007, has successfully led its operations and business development. With over 34 years in accounting and finance, his previous roles include Financial Controller positions at Southern Automatic Industries Pvt Ltd, Sun Beverages Pvt Ltd, and Varun Beverages Ltd.

Shriram Properties is currently seeking a new CFO; in the interim, Gopalakrishnan will continue to oversee the finance function.

The company, a leading real estate developer in South India, focuses on mid-market and affordable housing. It has delivered 44 projects with 24.4 million square feet of saleable area and has a strong pipeline with 42 projects, aggregating to 42.1 million square feet of development potential as of March 31, 2024.

(With inputs from agencies.)