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Srinivasan Gopalan, CFO & COO, The Wadhwa Group

Yash Ved / 10:48 , May 06, 2013

Srinivasan Gopalan, Chief Operating Officer (CFO & COO), The Wadhwa Group graduated from Mumbai University with a degree in Bachelors of Commerce and after graduation he has completed a CWA professional certification course. Gopalan has over 17 years of work experience in sales, marketing, finance, corporate planning, project evaluation and implementation. Prior to joining the Wadhwa Group, Mr. Gopalan was the CEO of Row2 Technologies, Life Science & Chemical organization. Prior to this, he was the VP -Operations at Chembourse International. Gopalan has also served a stint of 6 years with Gharda Chemicals Ltd. Gopalan heads the Finance Function and plays a leading role in decision making process in the organization.


The Wadhwa Group, since 40 years, is renowned for constructing modern, top-of-the-line commercial buildings and complexes that are comparable with the best in the world.Some of the architectural marvels built by The Wadhwa Group are Solitaire - Powai, Imperial Heights - Goregaon, Aquaria Grande – Borivali, The Address - Ghatkopar, Trade Centre, Platina, The Capital& ONE BKC in BKC, etc. The Wadhwa Group aims to continue scaling new heights in the field of Real Estate as its eccentric designs have always determined its legacy. 


Speaking with Yash Ved of IIFL, Srinivasan Gopalan says “We are planning a slum rehabilitation scheme in Chembur and a mega-city project in Panvel.”


Brief us about your current and upcoming projects?

We are planning to launch two major projects this year. One is under the slum rehabilitation scheme in Chembur and the other is a mega-city project in Panvel. About 2mn sqft will be launched in September for the Chembur project .The Panvel project spreads across 550 acres of land which will be a multi-tenant development including Residential, Commercial, Retail, Hospitality and asset class development.

The project is proposed to be developed as a planned and integrated mixed-use township with a unique combination of urban infrastructure in a harmonious natural setting with the hills of Matheran at the backdrop. The project is expected to comprise over 24 mn of development with bird parks, wildlife safaris, theme parks, adventure sports and naturopathy resorts making the township an ideal destination for a life amidst nature and also a perfect weekend destination for the people of Mumbai and Pune.  


What is your revenue mix in terms of residential and other asset classes?

About 70% is on the residential side and 30% other asset classes such as commercial high end projects and residential to medium high end projects.


What is your outlook on real estate prices?

The real estate prices will increase further in the coming months


Brief us about the highlights of The Capital project?

Located at the heart of BKC, Mumbai’s new financial nerve centre, The Capital is an iconic development that will be the pride of India’s commercial capital and envy for the rest. This cutting edge edifice showcases an everlasting and contemporary façade, while its interiors feature a rich palette of colors and textures.


The Capital has the Largest Automated Car Parking System in the World! All you have to do is leave your car in the transfer parking area, and it will be parked automatically in the 6-level basement-garage area which accommodates over 1000 cars! This process of parking and retrieving your car automatically, saves you time, and eliminates all the hassles of conventional parking. Of course, there is a conventional parking facility too.


The entire building is designed to invite natural light from all directions. The attractive sober specialty lighting designed by Bio Stieber of Singapore, is the perfect complement to this natural lighting. The LED Lights used keep power-consumption as low as possible, and are certified to be in line with LEED norms. 


From the moment you step into the lobby, you are overcome by the mesmerizing beauty of the 3-story-high atrium! The lobby is spread over approximately 8000 sqft, and has a reception on the third floor. The classy, modern contemporary interiors with 100% natural Italian marble flooring, all in hues of beige and subdued gold, embraces you with a warm glow. With 6 escalators, there’s one to meet you wherever you may be stationed!


The Sky Lobby, on the 3rd level of the Lobby, has a number of Fine-Dining Restaurants, Affordable Cafes and Lounges, where you can host a business luncheon, brunch or tea. The aesthetic interiors of the restaurants exude luxury, warmth and confidence, all at once! The Sky Lobby level also has a modern and extremely well-equipped Gymnasium, which overlooks the beautiful, serene garden.

The company is also in talks with PE firms for One BKC project.


What are the major challenges faced by the real estate developers?

The major challenges are the permissions for the projects. We want a single window clearance for projects.


Are you planning an IPO or any stake sale plans?

There will be neither dilution of stake nor IPO.