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
Resources

Signature Global marks National Safety Week with safety initiatives onsite.

Signature Global (India) has launched National Safety Week (4-10 March 2025) across its construction sites, reaffirming its commitment to occupational health and safety. Aligned with the 54th National Safety Day theme, ""Safety and Well-being: Crucial for Viksit Bharat,"" the initiative highlights the company’s focus on comprehensive safety practices.The observance began at Signature Global City 93, Gurugram; Signature Global City 37D; DE-LUXE DXP at Dwarka Expressway; and Signature Global Imperial at Sector 88, engaging workers, laborers, and staff through awareness programs and strict adhe..

Next Story
Resources

Hafele Expands Presence in Indore with New Licht Experience Centre

Hafele, a global leader in interior solutions, has launched its second Licht Experience Centre in India, following Chandigarh. Located at Uniko Lights, Indore, the centre offers cutting-edge lighting solutions designed to inspire architects, designers, and consumers.Inaugurated by Manish Mahajan, Sales Director – Hafele South Asia, and Manish Kumat, Principal Designer – Manish Kumat Design Cell, the centre showcases architectural and furniture lighting solutions that enhance both aesthetics and functionality. The Loox Range, designed for furniture lighting, integrates seamlessly into vario..

Next Story
Equipment

JK Tyre Expands Presence in Gujarat with New Truck Wheels Centre

JK Tyre & Industries, a leader in the Indian tyre industry, has expanded its retail footprint with the inauguration of a JK Truck Wheels Centre in Gandhidham. Operated by Aadinath Tyres, the facility was inaugurated by Anshuman Singhania, Managing Director, JK Tyre & Industries Ltd., reinforcing the company’s commitment to providing premium products and advanced services for the commercial vehicle sector.Strategically located near key industrial and trade corridors, the Gandhidham centre is well-connected to national highways and major ports like Mundra and Kandla, making it a crucia..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?