Embassy Developments Limited (‘EDL’) has announced that the Board of Directors has approved the appointment of Jitendra Virwani as Chairman of the Board and Aditya Virwani as Managing Director of the company. K.G. Krishnamurthy, the previous Independent Chairman, will remain an Independent Member of the Board.
Aditya Virwani will lead a dynamic and experienced leadership team at one of India’s fastest-growing real estate companies, alongside Sachin Shah, who will continue his role as Chief Executive Officer and Executive Director, and Rajesh Kaimal, appointed as Chief Financial Officer and Executive Director.
Commenting on the appointment, Aditya Virwani, Managing Director, said, “I am delighted to take on this role at such a pivotal moment for EDL. Embassy has always been a pioneer in Indian real estate – launching India’s first listed REIT, institutionalising the co-working sector, and setting the benchmark for luxury residential projects across gateway markets. EDL represents our flagship development platform with 45 million square feet of residential and commercial saleable and leasable area, and over a 3,000-acre landbank. I look forward to working with such a talented and dedicated team to build a truly pan-India real estate powerhouse.”
The recalibration of the Board and management team sets a stronger framework for corporate governance, with asset acquisitions and financing initiatives establishing a clear growth pathway for the pan-India platform under the iconic Embassy brand.
