Lodha Developers Appoints Kunal Gandhi as Senior Management Personnel; Organizational Restructuring in Pune Leadership
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Lodha Promotes Kunal Gandhi to Senior Management; Pune Leadership Restructured
Lodha Developers announced changes in its Senior Management Personnel (SMP) effective September 1, 2026. Kunal Gandhi, Regional CEO, Pune will be categorized as SMP of the Company with effect from September 1, 2026.
This change is described as a 'Role elevation', indicating an expanded scope or increased responsibility for Mr. Gandhi. These decisions, approved by the Board of Directors based on recommendations from the Nomination and Remuneration Committee, are set to take effect from September 1, 2026.
Gandhi's Professional Background
Mr. Kunal Gandhi brings extensive experience to his role. He holds a B.Tech degree from IIT Bombay and a PGP degree from IIM Ahmedabad. His professional background spans over 20 years in corporate strategy, regional growth, and entrepreneurship.
He joined Lodha in 2018 and has held key positions, including leading Corporate Strategy, overseeing Customer Strategy in the Pune region, and serving as Dy. Regional CEO- Pune from 2023.
Organizational Restructuring: Tikam Jain's Transition
Mr. Tikam Jain, CEO- Pune, will cease to be categorized as SMP due to an organizational restructuring and transition to an operational role within the Company, with effect from September 1, 2026. This transition is attributed to an organizational restructuring within the company, leading Mr. Jain to move into an operational role. This signifies a strategic realignment of leadership responsibilities to better suit the company's evolving operational needs.
Regulatory Framework
The Nomination and Remuneration Committee is responsible for identifying, recommending appointment, removal and remuneration of SMPs, with listed entities required to disclose appointments and cessations to stock exchanges within prescribed timelines. SMP classifications carry obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including conflict-of-interest disclosures and compliance with the Code of Conduct.
Lodha's Pune Operations
Lodha has developed residential and commercial properties in Mumbai, Thane, Hyderabad, Pune, Bengaluru and London. Pune represents a significant growth market for the developer. The company's acquisition of the remaining stake in Bellissimo Infratech Pvt Ltd, worth ₹73.52 crore, aligns with Lodha's Pune growth strategy.