BENGALURU, July 22, 2024: The Board of Directors of Shriram Properties Limited (SPL), in their meeting today, approved certain changes in the management structure of the Company and the appointment of certain key management people, with effect from July 20, 2024.

The Company has elevated Mr Gopalakrishnan J as Executive Director & Group Chief Executive Officer from his current position of ED & Group CFO. In a simultaneous development, Mr K R Ramesh takes over as Executive Director – Strategy & Corporate Development, from his current position of ED-Operations.

Mr Gopalakrishnan joined SPL in 2018 and has provided significant leadership in the ongoing transformation of the Company, apart from his critical role in the IPO process and building a strong growth platform in recent years. He has more than 33 years of experience in the areas of corporate finance and capital markets, a majority of which has been with large industrial groups such as Reliance Industries Limited (RIL) and the Aditya Birla Group, apart from Credit Agricole Indosuez and Canbank Mutual Fund.

Mr Ramesh joined SPL in 2007 and successfully led the Company’s operations and business development initiatives in recent years. He has played a crucial role in building a strong project pipeline and also streamlining operations, in addition to providing leadership in the ongoing transformation of SPL. He has over 34 years of experience in the field of accounting & finance and has previously worked with Southern Automatic Industries Private Limited, Sun Beverages Private Limited and Varun Beverages Limited as a Financial Controller.

The Company is in the process of identifying his successor CFO for the Company, and in the interim, Mr Gopalakrishnan will continue to oversee the finance function.