IIFL Finance Announces Leadership Changes in Construction and Real Estate Division
IIFL Finance Limited has announced senior management changes in its Construction and Real Estate division, effective from the end of January 2026. The company informed stock exchanges about the resignation of Mr. Pranav Dholakia and the appointment of his successor under Regulation 30 of SEBI Listing Regulations.
The leadership transition involves two key appointments in the Construction and Real Estate division:
Change Type: Resignation Personnel: Mr. Pranav Dholakia, Head - Construction and Real Estate Effective Date: January 31, 2026
Change Type: Appointment Personnel: Mr. Sudhanshu Pareek, Head - Construction and Real Estate Effective Date: February 01, 2026
Mr. Dholakia's resignation letter, dated January 30, 2026, cited his decision to explore new opportunities as the reason for leaving his position. He expressed gratitude to the management for their continued support and trust during his tenure.
Mr. Sudhanshu Pareek brings extensive experience to his new role as Head - Construction and Real Estate. His professional background includes:
Total Experience: Over 18 years Education: MBA in Sales & Marketing from SCMHRD, Pune Current Role: Executive Vice President – Real Estate at IIFL Finance Limited Previous Position: Vice President – Strategic Initiatives at Kalpataru Limited (decade-long tenure)
Mr. Pareek's career spans multiple sectors and functions within the real estate and financial services industry. His key professional experiences include:
- Kalpataru Limited: During his decade-long tenure as Vice President – Strategic Initiatives, he managed P&L for marquee residential and redevelopment projects, drove new project acquisitions, and strengthened sales performance through structured reviews and execution oversight. - Peninsula Land: Leadership roles in business development. - Omkar Realtors & Developers: Project and sales management positions. - ICICI Bank and Nicholas Piramal: Product management roles.
Mr. Pareek is recognized as a seasoned business leader with expertise across multiple domains: - Real Estate development and management - Project Management and execution - Business Development and strategic initiatives - Product Management and strategy - Due diligence and financial feasibility analysis - Stakeholder management - Cross-functional team leadership across multiple geographies
The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company provided detailed annexures including the resignation letter and comprehensive profile information as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
The notification was signed by Samrat Sanyal, Company Secretary & Compliance Officer, and communicated to both BSE Limited and The National Stock Exchange of India Limited on January 30, 2026.
