+
Embassy Developments Appoints New Leadership, Plans Expansion
Company News

Embassy Developments Appoints New Leadership, Plans Expansion

Embassy Developments Limited (EDL) has appointed Jitendra Virwani as Chairman and Aditya Virwani as Managing Director, following a board decision on February 25, 2025. Sachin Shah will continue as CEO & Executive Director, and Rajesh Kaimal has been named CFO & Executive Director.

Under its growth strategy, EDL has announced asset acquisitions worth Rs 5.59 billion (bn), including a 1.3 million sq. ft. luxury residential project and a 9.5-acre land parcel in North Bengaluru. The company is also planning a Rs 20 bn Qualified Institutional Placement (QIP) to support expansion and optimize its capital structure.

To attract top talent, EDL will roll out an employee stock option plan worth Rs 45 million. The leadership team has been further strengthened with key appointments, including Vikas Khandelwal as Company Secretary and Group Chief Compliance Officer, and Shailendra Subbaraya as COO – South.

Sachin Shah, CEO & Executive Director, said, “With eight new projects launching in FY 2026, spanning 7.7 million sq. ft. and a gross development value of Rs 150 bn, EDL is set for significant growth.”

An Extraordinary General Meeting (EGM) on March 25, 2025, will seek shareholder approval for key corporate actions. The Embassy Group will abstain from voting on related-party transactions to ensure corporate governance transparency.


Embassy Developments Limited (EDL) has appointed Jitendra Virwani as Chairman and Aditya Virwani as Managing Director, following a board decision on February 25, 2025. Sachin Shah will continue as CEO & Executive Director, and Rajesh Kaimal has been named CFO & Executive Director.Under its growth strategy, EDL has announced asset acquisitions worth Rs 5.59 billion (bn), including a 1.3 million sq. ft. luxury residential project and a 9.5-acre land parcel in North Bengaluru. The company is also planning a Rs 20 bn Qualified Institutional Placement (QIP) to support expansion and optimize its capital structure.To attract top talent, EDL will roll out an employee stock option plan worth Rs 45 million. The leadership team has been further strengthened with key appointments, including Vikas Khandelwal as Company Secretary and Group Chief Compliance Officer, and Shailendra Subbaraya as COO – South.Sachin Shah, CEO & Executive Director, said, “With eight new projects launching in FY 2026, spanning 7.7 million sq. ft. and a gross development value of Rs 150 bn, EDL is set for significant growth.”An Extraordinary General Meeting (EGM) on March 25, 2025, will seek shareholder approval for key corporate actions. The Embassy Group will abstain from voting on related-party transactions to ensure corporate governance transparency.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?