The Board of Directors of Prestige Estates has elevated Venkat K. Narayana as the Chief Executive Officer (CEO) of the company from Executive Director – Finance & CFO.

Venkat K Narayana has been involved in a myriad aspects in the companies’ operations and growth and several strategic initiatives to success.

He was instrumental in the listing of the shares of the company on Indian exchanges and for entering into several strategic joint ventures. He a qualified Chartered Accountant, Company Secretary, Cost Accountant and a Law Graduate.

Announcing his appointment Irfan Razack – CMD, Prestige Group said: “Venkat has been associated with the group for over 14 years and has been working closely with me as the CFO. His transactional expertise in the real estate industry has greatly benefitted our company and he has a strong track record of executing corporate strategy and driving operational efficiency. I am confident that he will provide the leadership and drive that is needed to take the company through the next phase of growth and deliver value to all stakeholders. I wish him the best for his new assignment.”

Further, V. V. B. S. Sarma, who has been associated with the group for over two decades and is currently working in the capacity of Executive Director – Finance & Accounts of Prestige Property Management & Services, the services arm of the group, has been appointed as Chief Financial Officer in place of Venkat K Narayana.

A qualified Chartered Accountant, the 61-year-old Sarma will now oversee accounts, audit and other statutory compliance related functions of the company.

Related Topics