Shriram Properties looks to crave its own identity

Shriram Properties (SPL) is looking to invest about Rs 2,000 crore in the next two to three years. It wants to move from current Rs 2,300 crore sales value to Rs 2,300 crore sales value to Rs 5,000 crore sales value during the same period. It also plans to double the development from 18 million sq ft to 30-35 million sq ft by the financial year 2026-27.  In an exclusive conversation with Ankit Sharma of ETRealty, M Murali, chairman & managing director (MD) and Gopalakrishnan J, executive director (ED) and group chief executive officer (CEO) of the company talked about their plans for the company in the next three year, idea behind the management changes and much more. Edited excerpts: The company has seen some management changes and reshuffling in the past few months. In December 2023, it inducted Vivek Venkateswar as chief sales & marketing officer (CSMO), in place of Jajit Menon, who had resigned from the position of director – sales marketing & CRM. During the same time, the company had also appointed Debasis Panigrahi as chief human resource officer (CHRO). In July 2024, SPL elevated Gopalakrishnan as ED & group CEO. He previously held the position of ED and group chief financial officer (CFO). K R Ramesh was appointed as executive director (strategy & corporate development), from his current position of ED-operations. Mitsubishi Corporation is looking for further investment with the company. SPL used to have a joint venture with Mitusbishi for a project - Shriram Park63, Chennai. They put about Rs 130 crore for 70% equity stake in the project. SPL gave them an exit by acquiring their stake through three tranches.
 

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