Sriram Mahadevan and Sumit Sapru have been appointed as Chief Executive Officers at Shapoorji Pallonji Real Estate Pvt. Ltd (SPRE). Bringing decades of experience across real estate and housing sectors, both leaders will now jointly steer SPRE’s operations, overseeing project portfolios and managing operational growth. This new leadership structure comes at an important time as SPRE focuses on strengthening its management team and preparing for future expansion.
Sriram Mahadevan, who continues to serve as the Managing Director of Joyville, SPRE’s mid-income housing platform, brings a strong track record in project development, customer relationship management, and operational profitability. His leadership at Joyville has helped establish a solid foundation for SPRE’s success in the competitive mid-income residential market. Sriram’s expertise in scaling operations and driving business performance will be key in his expanded role.
Sumit Sapru, who has served as the Business Head at SPRE, steps into the CEO role with extensive experience in business development, real estate operations, and project management. With a sharp focus on driving operational excellence and business transformation, Sumit has contributed significantly to SPRE’s growth story. His background in managing large portfolios and creating customer-centric real estate solutions positions him well for this leadership responsibility.
In their new roles, both Sriram Mahadevan and Sumit Sapru will jointly oversee SPRE’s projects, manage operational profit and loss statements, and take collective responsibility for the overall portfolio. Their appointments are part of Shapoorji Pallonji Real Estate Pvt. Ltd’s strategy to build a strong leadership pipeline and prepare for the company’s planned initial public offering. Their combined experience and leadership are expected to drive SPRE’s future growth and success.