The Board of Directors of Shriram Properties Limited approved the appointment of Ashish Deora, Founder and CEO of Aurum PropTech Limited as non-executive and non-independent director.
Over the last two decades, Deora has built several businesses and created value in multiple industries ranging from mining to telecom, aviation, and renewable energy. He is the founder of Aurum Ventures, the parent company of Aurum PropTech, which is striving to build largest integrated proptech ecosystem in India and Aurum Real Estate, which is engaged in real estate development in the MMR region.
An alumnus of Harvard Business School, he has a proven track record of strategic investments in businesses across APAC, Africa and South America and successful exits to global capital allocators. Aurum has recently acquired 14.37% of equity capital in Shriram Properties Limited.
Commenting on the development, M Murali, CMD of Shriram Properties said, “I am happy to welcome Ashish to the company’s board. Given his significant ongoing efforts in building PropTech ecosystem and technology-driven revolution in the Indian real estate sector, we are fortunate to have him on our board as it would immensely benefit the company in leveraging his PropTech vision to further improve our efficiencies and accelerate our ongoing high-growth journey over the next few years.”
