Brigade appoints Pavitra Shankar as MD, Nirupa Shankar as joint MD

12 Oct 2022 , 09:16 AM

The Board of Directors of Brigade Enterprises Limited has inter alia considered and approved the appointment of Pavitra Shankar, who is presently Executive Director as Managing Director of the Company for a period of five years with effect from October 12, 2022.

The board in addition approved the appointment of Nirupa Shankar who is presently an Executive Director as Joint Managing Director for a period of five years effective October 12, 2022.

The Board of Directors also considered and approved the appointment of Aroon Raman, Independent Director, as non-executive Vice Chairman for the period October 11, 2022 to August 04, 2024. M R Jaishankar will continue in his role as a Wholetime Director and Executive Chairman and will mentor the next generation leaders in their new roles.

Additionally, Amar Mysore is reappointed as Wholetime Director designated Executive Director for a further period of five years with effect from May 16, 2023 till May 15, 2028. To further strengthen the Board, the appointment of Velloor Venkatakrishnan Ranganathan was announced as an Additional Director in the category of Non-Executive Independent Director of the Company for a period of five years from October 11, 2022 to October 10, 2027.

Commenting on the development, M R Jaishankar, Executive Chairman, Brigade Enterprises Limited, said, “The internal elevation of both Pavitra and Nirupa is in keeping with our overall strategy and well-thought-out succession planning process. Both have played lead roles in the expansion and growth story of Brigade.

Both have future-oriented thinking, clear vision, passion for advanced technologies & sustainable growth and hold the Brigade Core Values as a guiding force. I am confident that under their leadership, Brigade will continue to rise to even greater heights.”

Pavitra Shankar has over 18 years of experience in consulting, private equity and real estate development. At Brigade, she is responsible for Brigade’s residential business strategy and growth, with a strong focus on customer experience and data analytics. Pavitra is also spearheading the digital transformation of the company.

Nirupa Shankar has over 16 years of experience and has been with Brigade since 2009, overseeing the company’s hospitality, office and retail portfolios. She also leads Public Relations (PR) and Innovation functions, and is a Trustee of the Brigade Foundation, the not-for-profit trust of the Brigade Group. Nirupa set up Asia’s first real estate accelerator called Brigade Real Estate Accelerator Program (Brigade REAP) an initiative to mentor high-tech start-ups in real estate in 2016.

Velloor Venkatakrishnan Ranganathan is a finance professional with over 40 years of variegated experience in India and overseas. He is currently a member of The International Council for Commercial Arbitration based in The Hauge, Netherlands. Ranganathan was a Senior Partner with one of the big four global firms.

He is currently an independent director and Chairman of the Audit Committee and Nomination & Remuneration Committee of HIL Limited, a listed company with over twenty manufacturing facilities across India, Germany, and Austria.

On Wednesday early morning trade, Brigade Enterprises Ltd is currently trading at Rs495.45 per share up by Rs3.6 or 0.73% from its previous closing of Rs491.85 per share on the BSE.

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