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Godrej Properties appoints new execs in latest shakeup

Effective April 1, Godrej Group's real estate unit, Godrej Properties Ltd., will undergo top-management changes as it appoints Adi Godrej as chairman emeritus, Pirojsha Godrej as executive chairman and Mohit Malhotra as managing director and CEO, The Economic Times reported.

Malhotra has been executive director since 2015 and will succeed Godrej, who is the current managing director and CEO of the company since 2012.

Pirojsha, the son of Godrej Group Chairman Adi Godrej, joined the company in 2004, while Malhotra took the role of business development head when he came on board in 2010.

Godrej Properties subsidiary Godrej Fund Management also named Karan Bolaria as its new CEO, according to the Feb. 2 report.