Unitech appoints Giridhar Aramane as Chairman and Managing Director

1 min read | Published on 25 Aug 2026, 04:22 PM |Updated on 25 Aug 2026, 04:39 PM

Reviewed by

Shriram SScanX News Team

Key Highlights

Giridhar Aramane appointed as CMD effective August 25, 2026. Two-year term follows Supreme Court approval on August 17, 2026. Replaces Yudhvir Singh Malik whose term ended July 20, 2026. Aramane is former Defence Secretary and IAS officer (1988 batch). Remuneration set at ₹5 lakh per month plus accommodation.

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

Unitech Limited has appointed Giridhar Aramane, IAS (Retd.), as its new Chairman and Managing Director effective August 25, 2026.

Leadership appointment details

The appointment marks a transition in leadership following the expiry of the previous term. Shri Yudhvir Singh Malik’s tenure ended on July 20, 2026. Aramane joins for a fixed period of two years from his joining date.

The move is in compliance with an order from the Ministry of Corporate Affairs dated August 19, 2026, which was issued pursuant to a Supreme Court order dated August 17, 2026. The court had previously directed the Union of India to replace Unitech’s management with an independent group of directors.

Appointment detail	Information
Name	Giridhar Aramane
Designation	Chairman and Managing Director
Tenure	Two-year term
Effective Date	August 25, 2026

Profile and background

Giridhar Aramane is a 1988-batch Indian Administrative Service officer from the Andhra Pradesh cadre. He served as Defence Secretary from November 1, 2022, until his retirement on October 31, 2024.

His career includes roles in the Cabinet Secretariat, Ministry of Petroleum & Natural Gas, and Insurance Regulatory & Development Authority. In the Andhra Pradesh government, he served as Principal Secretary in Urban Development and Secretary in the Finance Department.

Aramane is not related to any of the existing directors on the board of Unitech Limited. He will receive a consolidated pay of ₹5 lakh per month plus company-leased accommodation.

How is the market expected to react to Aramane's administrative background versus a corporate leadership profile in terms of Unitech's stock valuation?

What specific strategic initiatives does Aramane plan to prioritize during his two-year tenure to address Unitech's ongoing legal and financial restructuring?

Will the Supreme Court-mandated independent management structure lead to accelerated resolution of pending litigation or asset recovery for creditors?