Mohit Malhotra resigns as GPL’s CEO and Managing Director

04 Aug 2022 CW Team

Mohit Malhotra has resigned as Managing Director and Chief Executive Officer of Godrej Properties, effective December 31, 2022.

Gaurav Pandey, who is now the CEO-North Zone, will take over from Malhotra effective January 1, 2023.

The North Zone is now the fastest growing and most profitable zone at GPL, backed by strong business development, strategy, sales and execution excellence. In the five years of his leadership, the zone grew by 6x in booking value, 4x in collections, and imputed ROCE increased very significantly to 27%. In fiscal 2022, PAT for the North Zone was the largest contributor to GPL's P&L. The North Zone was the largest contributor to GPL's P&L..

Pandey served as the CEO of Burman GSC, a joint real estate venture between the Burman family and Golden State Capital, before joining Godrej Properties. Additionally, he served as Senior Vice President and Head of Research & Consulting at PropEquity, the largest real estate research company in India, where he provided real estate investment advice to private equity funds, mutual funds, foreign institutional investors, developers, NBFCs, and banks.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..