KPDL appoints Mr. Yashvardhan Pati as New Group CEO

The Kolte-Patil Developers Board is pleased to announce Mr. Yashvardhan Patil's appointment as Group Chief Executive Officer of Kolte-Patil Developers Limited (KPDL) with effect from June 12, 2021.

Mr. Yashvardhan Patil has been closely involved in all key areas of KPDL operations since he first joined the Company in 2012. He has also spearheaded the Company's strategic international partnerships. He has a Bachelor of Business Administration degree from University of Exeter Business School, England.

Commenting on this key development, Mr. Rajesh Patil, Chairman and Managing Director, Kolte-Patil Developers, commented, "Yashvardhan is well positioned to lead KDPL through its growth journey. KPDL has established itself as a solid self-sustainable company with consistent cash flow generation, moderated debt, strengthened sales pipeline and an efficient S&M engine across Pune, Mumbai and Bengaluru. Yashvardhan's leadership and strategic mindset will be critical in enabling KPDL to achieve its value creation goals."

Mr. Prakash Gurav, an Independent Director on the Board of Kolte-Patil Developers, added, "The Board has complete confidence that Yashvardhan is the right individual to be the next CEO of Kolte-Patil Developers. Yashvardhan is a torchbearer of Kolte-Patil values and a great team player. He is an enterprising leader who is deeply driven to build on KPDL's strong performance."

Mr. Yashvardhan Patil, Group CEO, Kolte-Patil Developers, commented, "I would like to thank the Board for the confidence bestowed upon me. I feel tremendously privileged to have the opportunity to lead this exciting company. I look forward to leading the fantastic team we have in place and capitalize on the significant opportunities available to KPDL in the real estate sector and ensure our company's sustained success."

Shares of KOLTE-PATIL DEVELOPERS LTD. was last trading in BSE at Rs.239.3 as compared to the previous close of Rs. 247.85. The total number of shares traded during the day was 82851 in over 3751 trades.

The stock hit an intraday high of Rs. 248.65 and intraday low of 237. The net turnover during the day was Rs. 19918312.

Source : Equity Bulls

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