Shriram Properties appoints Ashish Deora as director

The Board of Directors of Shriram Properties Limited has approved the appointment of Ashish Deora, Founder and CEO of Aurum PropTech Limited, as a Non-Executive and Non-Independent Director.

Over the last twenty years, Deora has built several companies and created value in multiple sectors, from mining to telecommunications, aviation and sustainable energy. He is the founder of Aurum Ventures, the parent company of Aurum PropTech, which aims to build India's largest integrated proptech ecosystem, and Aurum Real Estate, which is engaged in real estate development in the MMR region.

He is an alumnus of Harvard Business School and has a proven track record of strategic investments in companies in APAC, Africa and South America and successful exits to global capital allocators. Aurum recently acquired 14.37% share capital of Shriram Properties Limited.

Commenting on the development, M Murali, CMD of Shriram Properties, said, I am pleased to welcome Ashish to the board of directors of the company. Considering his continued significant efforts in building the PropTech ecosystem and the technology-driven revolution in the Indian real estate sector, we are fortunate to have him on our board of directors as he would greatly benefit the company by leveraging his PropTech vision to Further improve our efficiency and accelerate our operations. rapid and continued growth in the coming years.