Board of Directors

Mr. Aditya Virwani - Managing Director

Mr. Aditya Virwani, aged about 30 years (DIN: 06480521) is a Managing Director and Key Managerial Personnel of the Company, with effect from February 25, 2025. He is also a board member of Embassy Office Parks REIT and several other operating companies of Embassy group. He is a key decision maker for Embassy Group. Mr. Aditya was mentored by Embassy group Chairman and his father, Mr. Jitendra Mohandas Virwani, for over 2 years before he took on the role as Group COO. He has been focused on growing Embassy Group whilst focusing on its core strengths and entering new asset classes within real estate. He has been instrumental in steering the business operations of Embassy group in Bangalore and Chennai.

He is part of leadership team for Embassy group, driving strategic initiatives across the Group, and lead several deals for embassy Group. He was also a member of the leadership team that successfully achieved listing of India’s first REIT, which has a market cap of INR 35,000 crores. He is actively involved in the CSR activities of the Embassy Group, as well, which are focused on education and sustainable initiatives, and his long-term focus is to give back towards education for underprivileged communities in India.

Mr. Aditya has a bachelor’s degree from the University of San Francisco and holds a bronze Duke of Edinburgh Award

His exposure to diverse cultures and experiences translates to a hands-on and problem-solving approach in his work and he brings to the Board his unique vision, planning, execution, administration capabilities, and managerial skills on the process and operations, required for running a company in a professional manner.

Mr. Sachin Shah - CEO & Executive Director

Mr. Sachin Shah, aged 49 years (DIN: 00387166) is appointed as CEO & Executive Director and Key Managerial Personnel of the Company. He has a tremendous track record and ~24 years’ experience in real estate investments and development overseas and in India. Prior to joining the Company, Mr. Shah was Chief Investment Officer of Embassy REIT, India’s first and largest commercial REIT for 3 years, which he helped take public in 2019 raising more than $1.2 billion during his time there.

Earlier, Mr. Shah founded and ran Samsara Capital, where he managed funds on behalf of U.S. and U.K. institutional investors, fund of-funds, and family offices, investing in Indian real estate. Prior to working in India, Mr. Shah was with Starwood Capital Group from 2001 to 2006 in the United States where he worked under Barry Sternlicht, last as Vice President-Acquisitions before moving from New York to Mumbai. Before Harvard, Mr. Shah worked at the Blackstone Group and at Salomon Smith Barneys’ Mergers & Acquisitions group in New York.

Since his induction as an Executive Director on the Board of the Company, in February 2023, Mr. Shah has been responsible for running the Company’s day-to-day affairs, management and operations. The Company undertook a massive reorganization and restructuring exercise under his leadership, resulting in better governance, reporting and transparency.
Mr. Shah holds a Bachelor of Science in Finance, Investments and Economics from Babson College where he graduated summa cum laude and with a Masters in Business Administration from Harvard Business School, Class of 2001.

He has been instrumental in the transformation of the Company and has taken significant steps to rebuild, enhance, and re-brand the business the Company, from professionalism in management, finishing stalled projects, operational streamlining, robust reporting, solving litigations, fund raising, and acquisition of new projects. Under his able leadership, the Company successfully closed on a ~₹3,908 Cr preferential allotment of equity shares & warrants, allowing it to bring in marquee investors such as Blackstone managed funds, acquisition of new projects including 100% ownership of its prime Blu project, and successful completion of the Company’s merger with Embassy group.

Mr. Rajesh Kaimal - Chief Financial Officer & Executive Director

Mr. Rajesh Kaimal, aged about 52 years (DIN: 03158687) is Chief Financial Officer & Executive Director and Key Managerial Personnel of the Company.

He has over 30 years of experience across all corporate functions such as financial planning & control, fund raising, treasury operations, accounts, budgeting, costing, taxation, project financing & management, procurement, SAP implementation and its effective control & management, secretarial compliances, legal, business development & operations.

He has been working as Group CFO of Embassy Group since 2017. Prior to which, he was with Manipal Group for 17 years from 2000 – 2017. During his tenure with Manipal Group, he led the Manipal teaching and corporate hospitals, towards improved efficiency and profitability, and was part of team who set-up Manipal University Dubai campus, Manipal International University in Malaysia, American University of Antigua (Medical college in Antigua catering to the US Medical system), Manipal Academy for Banking, Bangalore Campus. During his association with Manipal, from 2015 – 2017, he also lead a joint venture of Manipal group with City & Guilds, UK, as Business Head – India & Nepal Operations.

During his association with Embassy group, as Group CFO and part of the Embassy Group Executive Committee, which drives strategic initiatives across the Group, he was part of the of the leadership team that successfully achieved listing of India’s first REIT, which has a market cap of INR 35,000 crores. He also played a key role in the successful completion and implementation of merger of NAM Estates Pvt Ltd, Embassy Group entity, with the Company, lead raising of funds in excess of INR 20,000 crores from various lenders, Banks, institutions & other investors, empowered the successful digital transformation with implementation of SAP across the Embassy group.

Mr. Kaimal holds Bachelors of commerce degree from K. J. Somaiya College, Mumbai and an MBA in Finance from the Institute of Technology & Management, Mumbai.

Mr. Kaimal has deep knowledge, rich and varied experience and brings on Board his extensive execution & administration capabilities across all corporate functions, focusing on financial management, which is required for running the Company in a professional and efficient manner.

Mr. K. G. Krishnamurthy - Independent Director

Mr. K. G. Krishnamurthy, Non-executive Chairman and Independent Director, is former Managing Director & CEO of HDFC Property Ventures Limited (HPVL), and is an Alumni of IIT - Kharagpur with a management degree from Jamnalal Bajaj Institute of Management, Mumbai. Mr. Krishnamurthy has a vast experience of over three decades in the real-estate sector and has been widely consulted by the industry on real estate matters and is known as a leader who could span a breadth of functions, and adapt quickly to changing business environment

Mr. Krishnamurthy had advised international and domestic real estate funds having an aggregate corpus of INR 71 billion. He served as the Managing Director & CEO of HDFC Property Ventures Limited, and prior to launch of HDFC’s venture capital fund, he was head of property services at HDFC. He has also offered his services to the Asian Development Bank - to develop a housing package for project affected persons under Karnataka Urban Infrastructure Project and to the USAID to build-up a mortgage market in Sri Lanka.

His extensive relationships in the real estate industry from his stint at HDFC are invaluable to deal sourcing and negotiation. He has deep operational knowledge and rich and varied experience in real estate industry and brought to the Board his unique vision, planning, execution, administration capabilities, and extensive expertise on the process and operations, required for running a company in a professional manner.

Mr. Javed Tapia - Independent Director

Mr. Javed Tapia is currently the Chairman of Clover Infotech, a leading mid-tier IT companies in India. In a span of about 27 years, the company has become a partner of choice for digital transformation, enterprise applications management, data and domain consulting and implementation services, and cloud services. The company is a premier Oracle partner and serves the leading banks and insurance houses in India. It counts Fortune 500 companies as its customers across the globe.

Mr. Tapia is also a founder of Sienna Systems Resources Pvt. Ltd which is a Fintech company whose Flagship Products are Slonkit and Moneykit.
Earlier Mr. Tapia has also served on the Board of Red Hat India.
Mr. Tapia is a Bachelor of Commerce from Sydenham College and holds a Master’s in Business Administration (General Management) from Duke University - The Fuqua School of Business.

Mr. Shyamm Mariwala - Independent Director

Mr. Shyamm Mariwala was a promotor of, Marson Biocare, green field business of soil substrates. He stirred the company in the world to become the first to receive quality certification outside Europe. Opening doors for many other companies to follow the same model. Slowly leading in developing new technologies to become largest exporter from India. Also was the first to brand a commodity in agriculture.
After successfully selling the business, he ventured full time into equity research and investment of proprietary fund. The investment venture proved successful with combination use of fundamentals and technical. He served on board of public listed companies for a few years.

He is now mentoring a successful coffee business from managing farm to cafes and retail business. The business is growing very successfully and will be taken to next level growth with introducing cafes not experienced before to the Indian markets.
Mr. Shyamm Mariwala has completed, his schooling from New Era High School in Mumbai, he went to St. Xavier’s college and completed, bachelor’s degree in Mechanical Engineering from University of Denver, executive courses at London Business School over a year.

He has also served as a steward on National Sports bodies for western zone and served many years on various committees. Mr. Shyamm also servers as a trustee on one of the oldest animal hospitals in Mumbai at BSPCA.
His Philosophy in life is to protect the environment while creating wealth for all stake holders.

Ms. Tarana Lalwani - Independent Director

Ms. Tarana Lalwani is one of the founding partners at InnoVen Capital, where she heads sourcing and execution of venture debt transactions. She plays an active role within the portfolio companies which encompasses facilitating business development, and planning and guidance on further fund raises. Prior to InnoVen she was a Principal at Seedfund, where Ms. Tarana sourced, evaluated and mentored early-stage companies. She also works closely with the portfolio companies to get them to the next level of growth. Given her strong ties with angel groups like Mumbai Angles, where she was an active member and the venture investor community, Ms. Tarana continues to be involved in the early-stage space mentoring and guiding founders on fund raising, strategy and business development, and dabbles a bit in some angel investing.

Ms. Tarana serves on CII Western Region Sub-Committee on Startups and Entrepreneurship, as well is an advisor to Auerolis an early-stage sector agnostic fund.

Ms. Tarana started her career in New York with Morgan Stanley, following which she joined Radian, a financial services firm, in their structured finance group. She holds an undergraduate degree from LaSalle University, and an MBA from Columbia Business School, USA.

Mr. Praveen Kumar Tripathi - Independent Director

Mr. P. K. Tripathi is a retired IAS officer. During his illustrious career, as an IAS officer, spanning over 40 years in public service 1977 to 2017 (including 5 years as Chairman - Public Grievances Commission & Police Complaints Authority), he held various key senior positions at state and center level such as Principal Secretary to Chief Minister, Govt of NCT Delhi; Chief Secretary – Govt of NCT Delhi; Joint Secretary - Ministry of Information & Broadcasting, Govt. of India; Director - Indian Institute of Mass Communication; CEO - Delhi Jal Board, NCT Delhi; Commissioner Sales Tax - NCT Delhi; Development Commissioner & Chief Electoral Officer - A&N Islands; Director Total Literacy Campaign (National Literacy Mission) - Department of Education, Ministry of HRD; Commissioner Land - Delhi Development Authority; Commissioner Excise & Entertainment Tax - NCT Delhi; Secretary - New Delhi Municipal Committee; Deputy Commissioner and Secretary to Lt. Governor in Arunachal Pradesh etc. He has also been on the Board / Governing Council of Indraprastha Apollo Hospital, Delhi Metro Rail Corporation, TATA Power Ltd., BSES Rajdhani Power Ltd., BSES Yamuna Power Ltd., Institute of Biliary and Livery Sciences, Delhi, and National Law School, Delhi.
Mr. Tripathi is a post graduate in political science from Allahabad University and a gold medalist for securing highest marks in political science at under-graduate level in the University.