Mahindra Lifespaces appoints a new MD and CEO

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Mahindra Lifespaces appoints Arvind Subramanian as new MD and CEO with effect from July 1

Realty firm Mahindra Lifespace Developers on Friday announced the appointment of Arvind Subramanian as Managing Director and Chief Executive Officer of the company with effect from July 1

The board approved the decision in its meeting on Thursday. Arvind will succeed Sangeeta Prasad who resigned on February 7 this year. She had worked with the Mahindra group for over 11 years.

Arvind joined the company as Chief Executive Officer of Mahindra Happinest, the affordable housing business, in September 2018. He has over 23 years of experience, starting his professional career with the Tata Administrative Service, the central management cadre of the Tata Group and the Boston Consulting Group (BCG)

Under his leadership, Happinest has established itself as an innovator and an emerging leader in the affordable housing sector in India. Arvind led successful new sales launches and ahead‐of‐time project completions. Arvind has been an advocate of the power of digital and Mahindra Lifespaces has been a front‐runner in embracing technology in sales, customer service, project management, and property management. 

Arun Nanda, Chairman of Mahindra Lifespace Developers Ltd. said, “Mahindra Lifespaces is poised for strong growth in a rapidly consolidating market. At Happinest, Arvind has demonstrated his ability to imagine and engineer a new future for the sector, for the company and for our customers. I am confident he will bring the same pioneering spirit to build on the strengths that Mahindra Lifespaces possesses.” 

Prior to joining the Mahindra Group, Arvind was Regional CEO at a leading real estate developer. Arvind holds an MBA from the Indian Institute of Management, Ahmedabad and a B.Tech. from the Indian Institute of Technology, Madras.

Established in 1994, Mahindra Lifespace Developers Ltd. is the real estate and infrastructure development business of the USD 20.7 billion Mahindra Group, and a pioneer of sustainable urbanisation in India. Mahindra Lifespaces has been ranked 17th among India’s Great Mid-Size Workplaces 2019, by the Great Place To Work Institute.

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