Puravankara Appoints Amit Narain Ahuja as Chief Risk Officer
Puravankara Names Amit Narain Ahuja Chief Risk Officer
The Board of Directors has approved the appointment of Mr. Amit Narain Ahuja as the Chief Risk Officer, designated as a Senior Managerial Personnel, effective May 4, 2026. The appointment strengthens the company's governance framework at a time when Puravankara is delivering substantial financial and operational results.
Background and Experience
Mr. Ahuja brings over 26 years of extensive leadership experience in risk and control functions across international markets and prestigious financial institutions, including Wells Fargo and JP Morgan Chase. His career in global banking positions him to lead risk oversight across Puravankara's expanding portfolio.
Timing and Company Context
The appointment follows strong financial performance. Puravankara Limited reported a net profit of ₹70.35 crore for the fiscal year ended March 31, 2026, with revenue from operations reaching ₹2,302.61 crore. In the final quarter of the fiscal year, the company posted a net profit of ₹110.92 crore.
The company is also expanding its balance sheet. During the fiscal year, wholly-owned subsidiaries successfully raised ₹1,017 crore through the private placement of non-convertible debentures, intended to support the company's real estate development objectives.
About Puravankara
Founded in 1975, Puravankara Limited is headquartered in Bengaluru and has been built on an unwavering commitment towards customer delight, responsibility, and trust over five decades. As of December 31, 2024, Puravankara has completed over 85 projects spanning 51 million square feet across nine cities and holds a land bank of approximately 30 million square feet, with ongoing projects covering an additional 33.08 million square feet.
The company operates across Bengaluru, Hyderabad, Chennai, Kochi, Coimbatore, Mangaluru, Kolkata, Mumbai, Pune, and Goa. Puravankara operates three prominent brands: Puravankara itself, recognized for luxurious, state-of-the-art projects; Provident Housing Ltd., a wholly owned subsidiary launched in 2008 addressing mid-income homeowners; and Purva Land, a dedicated arm for theme-based plotted developments.