Afcons Names Subramanian Executive Chairman, Mistry Emeritus

29 Aug 2025 CW Team

Shapoorji Mistry, who has served on the Afcons Board for over 25 years, including 13 years as Chairman, will now step into a non-board advisory role. As Chairman Emeritus, he will continue to provide strategic guidance and mentorship, ensuring the continuity of Afcons’ professional governance and long-term vision.

The Board credited Shapoorji Mistry with playing a pivotal role in Afcons’ growth trajectory between FY2012 and FY2025. During this period, the company’s turnover rose nearly fivefold to Rs 130.23 billion, while EBITDA registered a compound annual growth rate of over 14.5 per cent. The order book also expanded more than fivefold to Rs 368.69 billion.

With the induction of Pallon S Mistry—representing the next generation of the Shapoorji Pallonji family—the group reinforces its strategic oversight while maintaining the professional autonomy of Afcons’ leadership. His inclusion is expected to strengthen alignment between the group’s long-term goals and Afcons’ future roadmap.

Krishnamurthy Subramanian, who previously served as Executive Vice Chairman, has now been appointed Executive Chairman. A veteran of over 22 years with Afcons, Subramanian has held several leadership roles including Managing Director and Vice Chairman. He has been central to transforming Afcons into a globally respected professional organisation, with a focus on high-performance culture and strong governance.

Under his leadership, Afcons has delivered several landmark infrastructure projects across India and abroad, including the Chenab Railway Bridge in Jammu & Kashmir, the Atal Tunnel in Himachal Pradesh, India’s first underwater metro tunnel in Kolkata, the Sohar Jetty in Oman, and the New Owendo International Port in Gabon.

Afcons reaffirmed its commitment to remaining a professionally managed enterprise while benefiting from the strategic guidance and generational continuity of the Shapoorji Pallonji Group.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Afcons Infrastructure Limited, the flagship infrastructure engineering and construction arm of the Shapoorji Pallonji Group, has announced a significant leadership transition. The Board of Directors has elevated long-serving Chairman Shapoorji Mistry to the honorary position of Chairman Emeritus, while Krishnamurthy Subramanian has been appointed as Executive Chairman. Additionally, Pallon S Mistry has been inducted to the Board, marking a generational shift in the group’s engagement with Afcons.Shapoorji Mistry, who has served on the Afcons Board for over 25 years, including 13 years as Chairman, will now step into a non-board advisory role. As Chairman Emeritus, he will continue to provide strategic guidance and mentorship, ensuring the continuity of Afcons’ professional governance and long-term vision.The Board credited Shapoorji Mistry with playing a pivotal role in Afcons’ growth trajectory between FY2012 and FY2025. During this period, the company’s turnover rose nearly fivefold to Rs 130.23 billion, while EBITDA registered a compound annual growth rate of over 14.5 per cent. The order book also expanded more than fivefold to Rs 368.69 billion.With the induction of Pallon S Mistry—representing the next generation of the Shapoorji Pallonji family—the group reinforces its strategic oversight while maintaining the professional autonomy of Afcons’ leadership. His inclusion is expected to strengthen alignment between the group’s long-term goals and Afcons’ future roadmap.Krishnamurthy Subramanian, who previously served as Executive Vice Chairman, has now been appointed Executive Chairman. A veteran of over 22 years with Afcons, Subramanian has held several leadership roles including Managing Director and Vice Chairman. He has been central to transforming Afcons into a globally respected professional organisation, with a focus on high-performance culture and strong governance.Under his leadership, Afcons has delivered several landmark infrastructure projects across India and abroad, including the Chenab Railway Bridge in Jammu & Kashmir, the Atal Tunnel in Himachal Pradesh, India’s first underwater metro tunnel in Kolkata, the Sohar Jetty in Oman, and the New Owendo International Port in Gabon.Afcons reaffirmed its commitment to remaining a professionally managed enterprise while benefiting from the strategic guidance and generational continuity of the Shapoorji Pallonji Group.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..