Brigade Enterprises Limited (BEL), a prominent player in India's real estate sector, has announced a significant change in its top management. Jayant B Manmadkar, the company's Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), has tendered his resignation due to personal reasons, primarily related to a family member's health condition necessitating his relocation from Bengaluru to Mumbai.

Management Transition

The Board of Directors of Brigade Enterprises, in a meeting held on August 22, 2025, acknowledged Manmadkar's resignation, which will take effect from the closing business hours on October 9, 2025. To ensure a smooth transition, the Board has appointed Pradyumna Krishna Kumar, currently serving as the Executive Director, as the Interim CFO and Key Managerial Personnel of the company.

Kumar's appointment as Interim CFO will commence on October 10, 2025, and will continue until a permanent CFO is appointed. This decision was based on recommendations from both the Audit Committee and the Nomination and Remuneration Committee.

About Pradyumna Krishna Kumar

Pradyumna Krishna Kumar, aged 42, brings a wealth of experience to his new role:

• Over 16 years of experience in investor relations and private equity work
• Associated with Brigade Group since 2009
• Successfully facilitated numerous land acquisitions
• Handles all necessary documentation in his current role
• Holds a Bachelor of Commerce degree from the University of Madras
• Earned an MBA from the Asian Institute of Management in Manila, Philippines

Recent Business Development

Coinciding with this management change, Brigade Enterprises has also announced a significant business development. The company has entered into a long-term lease agreement for a prime 7-acre site located on Old Mahabalipuram Road (OMR) in Chennai, one of the city's most dynamic commercial corridors.

This strategic move aligns with Brigade's growth strategy in Chennai and will result in a landmark mixed-use development featuring:

• Over 1 million square feet of Grade A office space
• A 5-Star Deluxe Hotel with approximately 225 keys

Commenting on this development, Pradyumna Krishna Kumar stated, "Chennai continues to be a key component of our growth strategy, and this long-term lease underscores our commitment to strengthen our presence in the city's most promising corridors."

The project aims to cater to the growing demand for premium commercial infrastructure and hospitality experiences in Chennai's IT and innovation hub, further solidifying Brigade Enterprises' position in the real estate market.

As Brigade Enterprises navigates through these changes, the company remains focused on its mission of building positive experiences for all stakeholders and maintaining the trust of its customers across its diverse portfolio of residential, office, retail, hospitality, and education sector developments.

Brigade Enterprises , a prominent real estate developer, has made a significant move in the Chennai market by signing a long-term lease agreement for a 7-acre mixed-use development project. The project is strategically located on Chennai's Outer Ring Road (OMR), a rapidly growing corridor known for its IT and commercial developments.

Project Details

The ambitious project encompasses:

• A total area of 7 acres
• 1 million square feet of Grade A office space
• A 5-star hotel facility

Strategic Location

The Outer Ring Road (OMR) in Chennai has become a hotspot for real estate development, particularly in the commercial and IT sectors. This location choice by Brigade Enterprises underscores the company's commitment to expanding its presence in key metropolitan areas and capitalizing on the growing demand for high-quality office spaces and hospitality services.

Grade A Office Space

The inclusion of 1 million square feet of Grade A office space in the project highlights Brigade Enterprises' focus on meeting the increasing demand for premium commercial real estate. Grade A offices are typically characterized by their prime locations, high-quality infrastructure, and modern amenities, making them attractive to multinational corporations and large domestic companies.

Hospitality Expansion

The addition of a 5-star hotel facility to the mixed-use development demonstrates Brigade Enterprises' diversification strategy. This move into the hospitality sector complements their real estate portfolio and could potentially create synergies with the office space, catering to business travelers and corporate events.

Long-Term Commitment

By entering into a long-term lease agreement, Brigade Enterprises signals its confidence in the Chennai real estate market and its long-term growth prospects. This commitment could provide stability to the company's revenue streams and strengthen its position in the southern Indian real estate market.

Integrated Development Approach

The mixed-use nature of the development aligns with the growing trend of creating integrated spaces that combine work, leisure, and hospitality. This approach can potentially enhance the overall value of the project and attract a diverse range of tenants and visitors.

As Brigade Enterprises moves forward with this significant project, it will be interesting to see how it impacts the company's growth trajectory and its influence on the Chennai real estate landscape.