Shravan Gupta, MGF Chairman | Director of Emaar Group | Profile
Posted by Thomas Shaw on December 4th, 2019
(https://shravangupta.com/)Shravan Gupta (born 1973) is an Indian businessman, who is at the moment serving because the chairman of MGF Group and Director of Emaar MGF Land. He's also the founder of MGF Developments. Shravan Gupta previously served because the MD of Emaar MGF.
Shravan Gupta Early life and Profession
Shravan Gupta has carried out his bachelor's degree in commerce from Shri Ram College of Commerce, University of Delhi. Shravan is married to Shilpa Gupta and has two daughters with her.
Shravan Gupta joined his family business of financial services, Motor & General Finance Ltd. (MGF), which was founded in 1930. He served as a Non-executive director of Motor and Common Finance until March 30, 2007.
In 1997, the MGF Group diversified into real estate, when Shravan Gupta founded MGF Developments. The company made more than 5 million square feet of retail space, together with residential and commercial spaces and created purchasing malls including The Metropolitan, The Metropolis and Megacity Mall in Gurgaon, City Square and MGF Metropolitan Mall in Delhi and Jaipur.
Shravan Gupta MGF Developments and Current Profile
In 2005, Shravan Gupta's MGF Developments entered into a joint venture with Emaar Properties PJSC Dubai, bringing inside the largest Foreign direct investment in India within the realty sector, has invested about Rs 8,500 crore in Indian real estate industry via its joint venture firm.
In June 2016, Shravan Gupta, who was serving as executive vice chairman and MD of Emaar MGF, resigned from his post following the two joint venture partners- Dubai-based Emaar Properties and India's MGF Development decided to part strategies and restructure the company's business, reportedly by The Financial Instances. MGF Developments is promoted by Shravan Gupta, a well-known and extremely respected name inside the real estate sector. The erstwhile Vice-Chairman of Emaar-MGF, Mr Gupta was instrumental in bringing the biggest FDI in real estate in India via the joint venture wi th Emaar.
For inorganic and organic growth opportunities in real estate businesses the partners mutually decided to demerge in 2016. Shravan Gupta has spent long hours in the two years because the demerger on producing a synergy among his vision for MGF Developments, as well as the evolving Indian real estate scenario. Expanding on his future-forward vision for MGF Developments, Shravan Gupta says, “I have no doubt that we will continue establishing and generating structures that regularly and regularly breaks ground. Continuous reinvention is key, and I think we've got what it takes to attain newer heights of greatness.”
Regardless of each of the results within the world of real estate development, Shravan Gupta has remained grounded. He has normally believed in providing back to the neighborhood that has offered him a lot ideal from his childhood to nowadays. Every single year, the MGF Group organises self-help camps, especially for the elderly and underprivileged, supplying them with help within the cold winters, when they will be the most vulnerable.
Shravan Gupta is definitely an entrepreneur who is not only assisting our nation grow to be extra modernised each and every day, but he is also an entrepreneur who understands his social duty and requires actions accordingly.
