Puravankara appoints Subrahmanya Gupta Boda as CTO

1 min read     Updated on 20 May 2026, 04:51 AM
scanx
Reviewed by
Ashish TScanX News Team
AI Summary

Puravankara Limited has appointed Mr. Subrahmanya Gupta Boda as its Chief Technology Officer, designated as Senior Managerial Personnel (SMP), effective May 19, 2026. The appointment is subject to the approval of the Nomination and Remuneration Committee and the Board of Directors. Mr. Boda brings over 29 years of experience in Digital Transformation, Enterprise IT, Cybersecurity, and Cloud Governance.

powered bylight_fuzz_icon
40778356

*this image is generated using AI for illustrative purposes only.

Puravankara Limited has appointed Mr. Subrahmanya Gupta Boda as its Chief Technology Officer, designated as Senior Managerial Personnel (SMP). The appointment is effective from May 19, 2026, subject to the approval of the company's Nomination and Remuneration Committee and the Board of Directors in their forthcoming meetings.

Appointment Details

The decision to appoint Mr. Boda aligns with the company's strategic objectives to bolster its technological leadership. The appointment is made in accordance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile of the Appointee

Mr. Subrahmanya Gupta Boda brings extensive experience to the role, having spent over 29 years in leadership positions. His background covers a wide array of critical domains including Digital Transformation, Enterprise IT, Cybersecurity, Cloud Governance, and GCC setup.

He has a proven track record of driving large-scale digital transformations in multi-business unit environments and strengthening cybersecurity measures. His expertise encompasses SAP, SFDC, multi-cloud governance, ISO 27001 and GRC frameworks, PropTech, RPA enablement, and Data Center modernization.

Particulars Details
Name Mr. Subrahmanya Gupta Boda
Designation Chief Technology Officer (SMP)
Effective Date May 19, 2026
Experience Over 29 years
Key Expertise Digital Transformation, Cybersecurity, Cloud Governance

Historical Stock Returns for Puravankara

1 Day5 Days1 Month6 Months1 Year5 Years
-5.09%+4.79%-1.75%-10.54%-14.63%+175.68%

How might Mr. Boda's expertise in PropTech and digital transformation influence Puravankara's product offerings and customer experience in the competitive real estate market?

Could the appointment of a dedicated CTO signal Puravankara's plans to launch a technology-driven platform or digital sales ecosystem to rival other tech-forward real estate developers?

How will Puravankara's strengthened cybersecurity and cloud governance capabilities impact its data handling practices amid increasing regulatory scrutiny on data privacy in India?

Puravankara's Subsidiary SICL Secures ₹57.80 Crore Contract for Westin Hotel Project in Whitefield, Bangalore

1 min read     Updated on 13 May 2026, 04:42 AM
scanx
Reviewed by
Suketu GScanX News Team
AI Summary

Puravankara Limited's wholly owned subsidiary, Starworth Infrastructure & Construction Limited (SICL), has received a Letter of Intent for an Item Rate Contract valued at ₹57,80,52,217 plus applicable taxes from Innmar Tourism and Hotels Private Limited. The contract covers Civil, Structure, Waterproofing and Allied works for the Westin Hotel project at Whitefield, Bangalore, with a 20-month execution timeline. The engagement is a domestic transaction with no related party involvement, disclosed under SEBI Regulation 30 on May 12, 2026.

powered bylight_fuzz_icon
40151711

*this image is generated using AI for illustrative purposes only.

Puravankara Limited has disclosed that its wholly owned subsidiary, Starworth Infrastructure & Construction Limited (SICL), has received a Letter of Intent for a significant construction contract in Bangalore. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated to the stock exchanges on May 12, 2026.

Contract Overview

SICL has been awarded an Item Rate Contract by Innmar Tourism and Hotels Private Limited for the execution of Civil, Structure, Waterproofing and Allied works for the Westin Hotel project. The project is situated at Survey No. 12, 13, beside Kundalahalli Metro Station, EPIP Area, Whitefield, Bangalore – 560 066. The contract is classified as a domestic engagement, with the awarding entity being a domestic company.

The key details of the contract are presented below:

Parameter: Details
Awarding Entity: Innmar Tourism and Hotels Private Limited
Project Name: Westin Hotel Project
Project Location: Survey No. 12, 13, beside Kundalahalli Metro Station, EPIP Area, Whitefield, Bangalore – 560 066
Scope of Work: Civil, Structure, Waterproofing and Allied Works
Nature of Contract: Item Rate Contract
Contract Value: ₹57,80,52,217 plus applicable taxes, duties and levies
Contract Duration: 20 Months
Domestic/International: Domestic
Related Party Transaction: No
Promoter/Group Interest in Awarding Entity: No

Regulatory Disclosure

The disclosure was filed in compliance with Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, issued on July 11, 2023, and last updated on January 30, 2026. The filing was signed by Sudip Chatterjee, Company Secretary & Compliance Officer of Puravankara Limited (ICSI Membership No.: F11373).

The company confirmed that neither the promoter, promoter group, nor group companies hold any interest in Innmar Tourism and Hotels Private Limited, and that the contract does not constitute a related party transaction.

Historical Stock Returns for Puravankara

1 Day5 Days1 Month6 Months1 Year5 Years
-5.09%+4.79%-1.75%-10.54%-14.63%+175.68%

How might this Westin Hotel contract win signal SICL's strategy to expand its third-party construction order book beyond Puravankara's own residential projects?

Could the successful execution of this hospitality sector contract open doors for SICL to bid on other premium hotel or commercial projects in Bangalore's rapidly developing Whitefield corridor?

What impact could a growing construction services revenue stream from SICL have on Puravankara's overall consolidated financials and valuation multiples going forward?

More News on Puravankara

1 Year Returns:-14.63%