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Puravankara reappoints Ashish Ravi Puravankara as MD

20-Mar-26   14:54 Hrs IST

The reappointment was approved by shareholders through postal ballot on 19 March 2026, following the Board of Directors' recommendation in its 12 February 2026 meeting.

Ashish Ravi Puravankara has been steering Puravankara Limited's growth and expansion, identifying new opportunities, and ensuring high construction standards through innovative technologies. Under his leadership, the company launched Provident Housing and Purva Land and completed numerous residential and commercial projects across nine Indian cities, including Bengaluru, Mumbai, Pune, Goa, Hyderabad, Chennai, Kochi, Coimbatore, and Mangaluru. The company has also entered the Mumbai redevelopment market and continues to strengthen its presence in Western India.

A recognized industry leader, Ashish has previously served as President of CREDAI Bengaluru and has received several accolades, including the Grohe Hurun India Residential Real Estate Developer Award 2023, Real Estate Person of the Year'South by Construction Week India (2023), Real Estate Thought Leader of the Year ' IBE 6th India Property Awards (2021), and Best MD of the Year ' CIA World Awards (2020).

He holds a Bachelor of Science in Business from Virginia Polytechnic Institute and State University and an MBA from Willamette University, Salem, Oregon. Outside work, he is passionate about travel, adventure, and motorsports.

Puravankara is engaged in the business of real estate development.

The company reported consolidated net profit of Rs 59.34 crore in Q3 FY26 as net loss of Rs 93.16 crore in Q3 FY25. Revenue from operations zoomed 236.1% year on year to Rs 1,069.31 crore in Q3 FY26.

Shares of Puravankara fell 1.05% to currently trade at Rs 179.90 on the BSE.

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