Shravan Gupta (born 1973) is definitely an Indian businessman, who's presently serving as 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 performed 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 Basic Finance until March 30, 2007.
In 1997, the MGF Group diversified into real estate, when Shravan Gupta founded MGF Developments. The company produced over 5 million square feet of retail space, as well as residential and commercial spaces and developed shopping malls like 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 in the largest Foreign direct investment in India inside the realty sector, has invested about Rs 8,500 crore in Indian real estate market by means of 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 element techniques and restructure the company's business, reportedly by The Financial Times. 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 possibilities in real estate businesses the partners mutually decided to demerge in 2016. Shravan Gupta has spent lengthy hours inside the two years because the demerger on developing a synergy in between his vision for MGF Developments, along with the evolving Indian real estate scenario. Expanding on his future-forward vision for MGF Developments, Shravan Gupta says, “I have no doubt that we are going to continue establishing and making structures that regularly and regularly breaks ground. Continual reinvention is key, and I think we've got what it requires to attain newer heights of greatness.”
Despite all of the success in the world of real estate development, Shravan Gupta has remained grounded. He has constantly believed in giving back towards the neighborhood which has provided him so much suitable from his childhood to these days. Each and every year, the MGF Group organises self-help camps, particularly for the elderly and underprivileged, delivering them with assistance inside the cold winters, once they are the most vulnerable.
Shravan Gupta is an entrepreneur who is not only assisting our nation grow to be much more modernised each day, but he is also an entrepreneur who understands his social responsibility and takes methods accordingly.