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Tata Realty Names Birla Estates Executive To Lead Realty Business
Tata Realty has chosen Gaurav Jain to lead its real-estate business.
Jain currently works as deputy CEO of Birla Estates.
He will replace Sanjay Dutt, who recently left the company.
Jain is expected to start in early September.
Tata Realty has faced falling revenue and larger losses.
The company owns or develops properties across several cities.
It has mainly focused on offices but now wants to grow its residential projects.
Its new projects include developments in Mulund and Ghansoli near Mumbai.
Gaurav Jain, deputy CEO of Birla Estates, will become Tata Realty’s managing director and CEO.
Jain is expected to join Tata Realty & Infrastructure in early September.
He will replace Sanjay Dutt, who resigned to pursue new opportunities.
Tata Realty’s revenue fell 19% to ₹1,620 crore in FY26, while its loss widened to ₹456 crore.
The company plans to expand its residential business while maintaining its office-property portfolio.
- Who
- Gaurav Jain, currently deputy CEO of Birla Estates, will lead Tata Realty & Infrastructure.
- What
- Jain has been appointed managing director and CEO, replacing Sanjay Dutt.
- Where
- Tata Realty operates across cities, with residential projects including sites in Mulund and Ghansoli in the Mumbai Metropolitan Region.
- When
- He is expected to join in early September.
- Why
- Sources said Tata plans to grow the business and expand its residential operations after recent financial challenges.
Key facts
- Incoming CEO
- Gaurav Jain, currently deputy CEO of Birla Estates
- Outgoing CEO
- Sanjay Dutt, who resigned to pursue new opportunities
- Expected joining
- Early September
- FY26 revenue
- ₹1,620 crore, down 19% from ₹2,008 crore the previous year
- FY26 loss
- ₹456 crore, compared with ₹47 crore in FY25
- Portfolio
- About 40 million square feet across cities
- Office exposure
- Office properties account for about half of the portfolio
Quotes
Sources familiar with Tata Realty & Infrastructure
Unnamed sources familiar with the company’s plans
“Tatas have serious plans for TRIL, which faced some challenges in the past. With the new CEO, they want to grow the business.”
financialexpress.com
Sources
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