Deepak Rastogi steps down as Puravankara CFO; Gautam appointed successor

Puravankara Limited said Group Chief Financial Officer Deepak Rastogi has resigned with effect from the close of business on Sept. 23, citing personal reasons.

The company said Niraj Kumar Gautam has been elevated from Deputy CFO to CFO, effective Sept. 24, subject to approval from the Nomination and Remuneration Committee and the Board of Directors.

Gautam is a strategic finance leader with over 23 years of experience in corporate finance, capital markets, taxation, and investor relations, and has led capital raising efforts exceeding ₹15,000 crore.

Puravankara Limited is one of India’s leading real estate developers, with a focus on residential and commercial projects across key urban markets. The company has a track record of delivering large-scale projects and has raised significant capital to support its expansion plans in the real estate and infrastructure sector.

Shares of Puravankara ended at ₹273.05 on the BSE, up 0.8% from the previous close. In the year-to-date period, the stock has declined nearly 28%.

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