Shravan Gupta (born 1973) is an Indian businessman, who's presently serving because the chairman of MGF Group and Director of Emaar MGF Land. He is 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 General Finance till March 30, 2007.
In 1997, the MGF Group diversified into real estate, when Shravan Gupta founded MGF Developments. The company designed over 5 million square feet of retail space, in conjunction with residential and commercial spaces and developed buying malls such as The Metropolitan, The Metropolis and Megacity Mall in Gurgaon, City Square and MGF Metropolitan Mall in Delhi and Jaipur.
Shravan Gupta MGF Developments and Present Profile
In 2005, Shravan Gupta's MGF Developments entered into a joint venture with Emaar Properties PJSC Dubai, bringing inside the biggest Foreign direct investment in India within the realty sector, has invested about Rs 8,500 crore in Indian real estate industry 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 just after the two joint venture partners- Dubai-based Emaar Properties and India's MGF Development decided to part approaches 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 within 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 by way of 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 extended hours within the two years since the demerger on making a synergy amongst his vision for MGF Developments, and also the evolving Indian real estate situation. Expanding on his future-forward vision for MGF Developments, Shravan Gupta says, “I have no doubt that we'll continue establishing and building structures that frequently and consistently breaks ground. Continual reinvention is key, and I think we have what it takes to attain newer heights of greatness.”
Regardless of all of the results within the world of real estate development, Shravan Gupta has remained grounded. He has generally believed in providing back towards the neighborhood which has offered him so much appropriate from his childhood to nowadays. Every single year, the MGF Group organises self-help camps, specially for the elderly and underprivileged, giving them with help in the cold winters, when they will be the most vulnerable.
Shravan Gupta is definitely an entrepreneur who's not only helping our nation develop into additional modernised just about every day, but he's also an entrepreneur who understands his social responsibility and requires methods accordingly.