Mahindra Lifespaces appoints Parveen Mahtani

Mahindra Lifespaces appoints Parveen Mahtani as Chief Legal Officer

Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of Mahindra Group, today announced that it has appointed Ms. Parveen Mahtani as Chief Legal Officer.  Parveen will oversee all legal and regulatory activities across Mahindra Lifespaces’ businesses, applying her extensive experience in due diligence, contract management, M&A, intellectual property rights and financial transactions. 

Commenting on the appointment, Mr. Arvind Subramanian, Managing Director & CEO, Mahindra Lifespaces, said, “We are delighted to welcome Parveen to our management team.  Parveen brings a high process and systems orientation to Legal and Compliance, as well as deep knowledge and understanding of India’s real estate industry – both important facets for a role supporting organizational growth and transformation.”

Ms. Parveen Mahtani added, “I'm excited to join the Mahindra Lifespaces team and be part of a visionary organization that is shaping the future of real estate in India. I look forward to working with a team of talented legal professionals in further extending the Company’s commitment to delivering Joyful Homecomings and enabling the growth aspirations of Indian and global businesses.”

Parveen is a seasoned legal expert with nearly 20 years of leadership experience spanning multiple industries. Prior to her appointment at Mahindra Lifespaces, Parveen was Head, Legal and Compliance at Tata Realty and Infrastructure Ltd. and Tata Housing Development Co Ltd.  In her previous roles, Praveen has handled a wide portfolio of real estate projects across India, UK, Maldives and Sri Lanka.  She has also handled litigation across various courts, including the Supreme Court of India and high courts.  A Gold medallist in Law from University of Mumbai, Parveen is the recipient of multiple awards and accolades including ‘Women in Law Award for Exceptional Service in Law’ by Legal Era in 2020 and ‘Shining Star of Indian Legal Fraternity’ by the Corporate Counsel of India in 2019, among others.

Mahindra Lifespaces appoints Arvind Subramanian as

Mahindra Lifespaces appoints Arvind Subramanian as Managing Director and CEO

The Board of Mahindra Lifespace Developers Ltd. in its meeting on May 14, 2020 approved the appointment of Mr Arvind Subramanian as Managing Director & Chief Executive Officer of the company with effect from July 1, 2020.  He will succeed Ms. Sangeeta Prasad who, after a distinguished career of over eleven years with the Mahindra Group, has decided to pursue other interests and had tendered her resignation to the Board of the company on February 7, 2020. At the request of the Board she graciously agreed to stay on till June 30, 2020 to ensure a smooth transition of leadership at the company.

Commenting on his appointment, Mr Arun Nanda, Chairman, Mahindra Lifespaces 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 that he will bring the same pioneering spirit to build on the strengths that Mahindra Lifespaces possesses.”

Arvind joined the company as Chief Executive Officer of Mahindra Happinest, the affordable housing business, in September 2018. Under his leadership, Happinest has established itself as an innovator and an emerging leader in the affordable housing market segment in India.  He 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.

Arvind has over 23 years of experience, starting his professional career with the Tata Administrative Service, the central management cadre of the Tata Group. He spent close to fifteen years with the Boston Consulting Group (BCG) where he was a Partner & Managing Director. At BCG, Arvind was the global topic leader for the ‘Next Billion Consumers’, picked by the Financial Times as one of ‘The Fifty Ideas That Shaped Business Today’. He was also tasked with setting up and leading BCG’s Centre for Customer Insight.

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