DLF CFO Vivek Anand quits

12 Dec 2023 , 09:23 AM

DLF announced on Monday that its Chief Financial Officer (CFO), Vivek Anand, had resigned. He will remain CFO until February of next year.

DLF MD Ashok Kumar Tyagi, who is responsible for all corporate activities including finance, will now oversee Group Finance, IT, and secretarial functions in addition to his present responsibilities as Managing Director, according to a regulatory filing.

Anand has been instrumental in enhancing the financial organisation, processes, and controls over the last four years, according to DLF.

Anand will remain in his position till February 29th, 2024.

Tyagi served as Group CFO for a long period and continued to assess the function in his capacity as CEO and Whole-time Director. He provides substantial knowledge and continuity to this role.

DLF, the country’s largest real estate corporation by market capitalization, has produced over 158 real estate projects totaling over 340 million square feet.

The company has a 42 million square foot annuity portfolio. Its rental properties are held in a joint venture with Singapore sovereign wealth fund GIC called DLF Cyber City Developers Ltd (DCCDL).

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