His resignation will be effective from the close of business hours on 10th June, 2021 and he will be associated with the company in an advisory role.
Commenting on this key development, Rajesh Patil, Chairman and Managing Director, Kolte-Patil Developers, commented “I would like to thank Gopal for his significant contributions and dedicated efforts to Kolte-Patil Developers. During his tenure with the Company, he has helped us develop a stronger position in Pune while growing our presence in Mumbai and Bengaluru.
Further, the Company has grown stronger both financially and operationally. We would like to wish him the best in all his future endeavors. We have a strong and seasoned leadership team and we remain focused on executing on our strategic vision to create long term value for all stakeholders.”
Gopal Sarda said, “I would like to thank the Chairman and the Board for giving me the opportunity to lead a company of the position and potential of Kolte-Patil. I have had a remarkable professional journey at Kolte-Patil Developers – joining as a Senior Manager – Finance & Strategy in 2010, moving to Group President role within a span of 6 years; and finally being named Group CEO of KPDL at age 33 in 2017.
The growth thereon has been quite satisfying on a professional level and for the deep relationships I have built here. I have a natural affinity for entrepreneurship and am tremendously excited to move on to a new entrepreneurial role. I believe that Kolte-Patil will continue to build on its storied journey and will achieve many growth milestones in the coming years.”
On Friday morning trade, Kolte Patil Developers was currently trading at Rs246.35 apiece down by Rs1.5 or 0.61% on Sensex.