Shravan Gupta (born 1973) is an Indian businessman, who's at present serving as 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 Career
Shravan Gupta has done 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 until March 30, 2007.
In 1997, the MGF Group diversified into real estate, when Shravan Gupta founded MGF Developments. The company developed over 5 million square feet of retail space, as well as residential and commercial spaces and created shopping malls including 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 largest Foreign direct investment in India within the realty sector, has invested about Rs 8,500 crore in Indian real estate market via 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 immediately after the two joint venture partners- Dubai-based Emaar Properties and India's MGF Development decided to element strategies and restructure the company's business, reportedly by The Financial Instances. MGF Developments is promoted by Shravan Gupta, a well-known and highly respected name in 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 development opportunities in real estate businesses the partners mutually decided to demerge in 2016. Shravan Gupta has spent long hours inside the two years because the demerger on creating a synergy in between his vision for MGF Developments, plus the evolving Indian real estate scenario. Expanding on his future-forward vision for MGF Developments, Shravan Gupta says, “I have no doubt that we will continue creating and building structures that regularly and consistently breaks ground. Constant reinvention is key, and I think we've got what it takes to reach newer heights of greatness.”
Regardless of each of the achievement inside the world of real estate development, Shravan Gupta has remained grounded. He has often believed in giving back towards the neighborhood that has offered him a lot appropriate from his childhood to today. Every single year, the MGF Group organises self-help camps, particularly for the elderly and underprivileged, delivering them with help within the cold winters, after they would be the most vulnerable.
Shravan Gupta is an entrepreneur who's not merely assisting our nation develop into extra modernised just about every day, but he's also an entrepreneur who understands his social responsibility and requires actions accordingly.