Puravankara appoints Deepak Rastogi as new group CFO; to join January 15

Bengaluru-based real estate firm Puravankara has announced the appointment of Deepak Rastogi as the company’s new group chief financial officer (CFO). Rastogi will join the firm on January 15, the company said in a press release.

The company also announced that Neeraj Gautam, the current president-finance, has been elevated to the role of deputy chief financial officer. Rastogi is a chartered accountant, with a MBA degree from SP Jain Institute of Research and Management.

Rastogi will join the firm from Pune-based chemicals firm Deepak Fertilisers and Petrochemicals Ltd, where he serves as the president and group CFO, and earlier served in a strategy and transformation role in the company. Prior to that, he had a long stint at Tata group firm Tata AutoComp Systems, an auto components manufacturing firm, also as president and group CFO.

The new appointment comes at a time the company is carrying out extensive business development activity outside its core southern markets, especially in Mumbai and Pune, both in the residential business, as well as in offices. The company has inked multiple redevelopment projects in Mumbai, including in the lucrative south Mumbai market.