Arvind SmartSpaces Limited, a prominent player in the Indian real estate sector, has announced significant changes to its senior management team. The company has designated two new Chief Business Officers as part of an internal restructuring of senior management roles, effective from September 22, 2025.

New Appointments

Mr. Sharvil Shah has been appointed as the Chief Business Officer for the West region, while Mr. Manoj Chellani will take on the role of Chief Business Officer for the South region. Both executives have been designated as Senior Management Personnel of the company.

Sharvil Shah - Chief Business Officer, West

Mr. Shah brings over 17 years of diverse experience across geographies (America & India) and industries, including Real Estate, Textile, and Oil & Gas. His expertise spans various business functions, including:

• Project management
• Finance
• Sales & marketing
• Procurement
• Contracts
• Planning

Education and Experience

• Education:
  • Post Master of Science in Civil Engineering from Purdue University, USA
  • Bachelor of Engineering in Construction Technology and Management from Gujarat University (Nirma Institute of Technology), India
• Experience:
  • Associated with Arvind SmartSpaces for more than a year
  • Previous stints at Bechtel Corporation, BSafal, and J Saurabhkumar & Co.

Manoj Chellani - Chief Business Officer, South

Mr. Chellani is a seasoned professional with two decades of experience leading large cross-functional teams across Real Estate, Banking, and Telecom sectors.

Expertise and Education

• Expertise:
  • Sales and Marketing
  • P&L management
  • Operations
  • Business development
  • Digital business
  • Business automation
  • Change management
  • Customer experience delivery
  • International business
• Education:
  • Bachelor's in Commerce from Mumbai University
  • MBA from ICFAI Business School
• Experience:
  • Six years with Arvind SmartSpaces
  • Previous senior leadership roles at Runwal Developers, Radius Developers, Lodha Group, and Tech Mahindra

Responsibilities

Both Chief Business Officers will be tasked with:

• Scaling business while driving overall profitability in their respective regions
• Leading Business Development, Land Acquisition, Product, Sales, Marketing, CRM/Customer Experience
• Overseeing Project Delivery and operational efficiency

This strategic move by Arvind SmartSpaces aims to strengthen its regional leadership and drive growth in key markets. The company's decision to promote experienced professionals from within demonstrates its commitment to nurturing talent and ensuring continuity in its business operations.

The appointments come at a time when the real estate sector in India is showing signs of robust growth, and Arvind SmartSpaces is positioning itself to capitalize on emerging opportunities in both the Western and Southern markets of the country.

Arvind SmartSpaces Limited, a prominent player in the real estate sector, has announced a strategic move to strengthen its position in Ahmedabad East Infrastructure LLP. The company's Board of Directors has given the green light to increase its partnership interest and profit-sharing in the LLP, signaling a commitment to expand its footprint in the real estate construction and development arena.

Key Highlights of the Transaction

• Stake Increase: Arvind SmartSpaces will consolidate its partnership interest in Ahmedabad East Infrastructure LLP from 51.43% to 55.24%.
• Profit Share Enhancement: The company's profit-sharing percentage will rise from 94.25% to 98.00%.
• Acquisition Details: The consolidation involves purchasing the entire partnership interest of Arvind Infrabuild LLP.
• Transaction Value: The acquisition is valued at Rs. 7.10 crores, to be paid in cash.

About Ahmedabad East Infrastructure LLP

Ahmedabad East Infrastructure LLP operates in the real estate construction and development sector. The partnership demonstrated strong financial performance with a turnover of Rs. 104.00 crores in the financial year 2021-22.

Transaction Insights

• Nature of Transaction: The deal is classified as a related party transaction.
• Fairness Assurance: The company affirms that the transaction is being conducted at arm's length and fair value.
• Strategic Objective: The primary aim of this acquisition is to consolidate and increase Arvind SmartSpaces' profit share in the partnership.
• Timeline: The transaction is expected to be completed within 30 days, subject to the execution of the LLP agreement and transfer of consideration.

This strategic move by Arvind SmartSpaces Limited underscores the company's commitment to strengthening its market position in the real estate sector. The increased stake in Ahmedabad East Infrastructure LLP may provide the company with greater control over operations and a larger share of the partnership's financial success.