<article>Mumbai-based Piramal Realty, the real estate development arm of Ajay Piramal Group, has appointed N.M. Gattu as its first dedicated chief financial officer (CFO).</article>

Mumbai-based Piramal Realty, the real estate development arm of Ajay Piramal Group, has appointed N.M. Gattu as its first dedicated chief financial officer (CFO).
Gattu, who was the CFO of realty firm DB Realty for nearly six years, has joined Piramal Realty at a time when the company is looking at expanding in the residential and commercial office space segments.
Gattu and a Piramal Realty spokesperson confirmed the news.
<a style="color: #000080;" href="http://www.dealstreetasia.com/tag/piramal-realty/" target="_blank">Piramal Realty</a> is led by Ajay Piramal’s son Anand Piramal, who is executive director of Piramal Group. Though Piramal Realty didn’t have a dedicated CFO before this, a senior executive in the group was internally managing the financials of the real estate business.
Founded in 2012, Piramal Realty is backed by private equity firm Warburg Pincus and investment bank <a style="color: #000080;" href="http://www.dealstreetasia.com/tag/goldman-sachs-group-inc/" target="_blank">Goldman Sachs Group Inc</a>. Both entity-level investments, <a style="color: #000080;" href="http://www.dealstreetasia.com/tag/warburg-pincus/" target="_blank">Warburg Pincus</a> invested Rs.1,800 crore and Goldman Sachs pumped inRs.900 crore into the company in 2015, implying a sense of faith in global investors to back Indian companies with strong fundamentals.
Currently, the company has residential, commercial office and mixed-use developments in Mumbai and suburban Thane.
On Wednesday evening, <a style="color: #000080;" href="http://www.dealstreetasia.com/tag/db-realty/" target="_blank">DB Realty</a> said it has appointed A. Anil Kumar, former CFO of Bengaluru-based Puravankara Projects Ltd, to replace Gattu.
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<h4>This article was first published on <a style="color: #0000ff;" href="http://www.livemint.com/Companies/yYkS8VRISF1Obrw9rejLyK/Piramal-Realty-appoints-former-DB-Realty-executive-NM-Gatt.html">Livemint.com</a></h4>

Mumbai-based Piramal Realty, the real estate development arm of Ajay Piramal Group, has appointed N.M. Gattu as its first  chief financial officer (CFO).

India: Warburg Pincus-backed Piramal Realty ropes in N M Gattu as CFO

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India: Warburg Pincus-backed Piramal Realty ropes in N M Gattu as CFO

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