Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL), a leading Pune-based real estate company with a strong presence in Mumbai and Bengaluru, has announced significant restructuring of its Board and leadership team. The move aligns with the company’s new growth strategy following deeper integration with Blackstone.
Board Additions: The Board has appointed Ms. Avani Davda as an Additional Director (Non-Executive, Independent), subject to shareholder approval. Ms. Davda brings over two decades of leadership experience across real estate, consumer, retail, and hospitality sectors, with past roles at Tata Starbucks, Tata Consumer Products, TAJ Hotels, Croma, and Godrej Nature’s Basket. She has been recognized internationally, including Fortune US’s ‘40 Under 40 Leaders’ list in 2013.
Earlier in August 2025, three senior Blackstone executives joined the Board as Non-Executive, Non-Independent Directors: Mr. Tuhin Parikh, Vice Chairman of Real Estate (Asia); Mr. Asheesh Mohta, Senior Managing Director and Head of Real Estate (India); and Mr. Mohit Arora, Managing Director in the Real Estate Group (India).
Leadership Changes: Group CEO Mr. Atul Bohra has resigned effective November 11, 2025. The Board is in the process of identifying a new CEO, while Managing Director Mr. Rajesh Patil will continue to lead operations.
Mr. Anil Dwivedi has been appointed Chief Development Officer, bringing over 30 years of experience and delivery of 30 million sq. ft. of projects across multiple sectors. Previously, he served as Managing Director – Western India Project Management at Colliers.
Mr. Vishal Mariya has been named Group Chief Human Resources Officer. With 18 years of experience in HR leadership across FMCG, real estate, manufacturing, and EPC, he has held senior roles at KEC International, CEAT Tyres, Raychem RPG, Godrej Properties, and Godrej Consumer Products.
Strategic Outlook: The revamped governance structure blends Kolte-Patil’s proven execution capabilities with Blackstone’s global expertise, positioning the company for accelerated growth.
Commenting on the changes, Mr. Rajesh Patil, Managing Director, said, “The Board and leadership changes underscore our ambitions for the future and our commitment to building a strong management team. With Blackstone’s backing, Kolte-Patil Developers is poised for its next stage of growth.”
Mr. Asheesh Mohta, Head of Real Estate (India), Blackstone, added, “Our collaboration represents a long-term commitment to India’s real estate sector. The enhanced Board and leadership structure will empower Kolte-Patil to seize opportunities and build one of the most impactful platforms in the industry.”
