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Made some entry basic info...

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{{Short description|Indian publicly-held real estate development company}}
{{Multiple issues|
{{Cleanup press release|1=article|date=July 2025}}
{{COI|date=July 2025}}
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{{Infobox company
| name = Puravankara Limited
| logo = File:Puravankara Limited.svg
| logo_size =
| logo_alt =
| logo_caption =
| former_name =
| type = [[Public company|Public]]
| traded_as = {{BSE|532891}}<br />{{NSE|PURVA}}
| industry = [[Real estate]] & [[construction]]
| founded = {{Start date and age| 1975}}
| founder = Ravi Puravankara
| area_served = Worldwide
| key_people = {{ubl|Ravi Puravankara ([[Chairman]]) |Nani R Choksey ([[Vice-Chairman]])| Ashish Puravankara ([[Managing Director]])| Mallanna Sasalu ([[CEO]] South)<ref>{{Cite web |last=Khan |first=Sobia |date=2025-05-10 |title=Puravankara appoints Mallanna Sasalu as CEO – South; Abhishek Kapoor resigns |url=https://economictimes.indiatimes.com/industry/services/property-/-cstruction/puravankara-appoints-mallanna-sasalu-as-ceo-south-abhishek-kapoor-resigns/articleshow/121049925.cms?from=mdr |access-date=2025-06-10 |website=The Economic Times}}</ref>}}
| products = [[Residential]], [[Commercial property|Commercial]]
| brands =
| services =
| num_employees = 2700+ (2021)
| parent =
| divisions =
| subsid =
| website = {{URL|www.puravankara.com}}
}}

'''Puravankara Limited''' is an Indian [[publicly-held]] [[real estate]] development company. It was established in 1975 by Ravi Puravankara and is headquartered in [[Bangalore]]. It operates in the residential and commercial sectors, having developed projects in [[Bengaluru]], [[Chennai]], [[Kochi]], [[Coimbatore]], [[Pune]], [[Mumbai]], [[Dubai]] and [[Colombo]].<ref>{{Cite web |date=2011-03-29 |title=Puravankara launches new project |url=https://www.thehindu.com/business/companies/Puravankara-launches-new-project/article14966443.ece |access-date=2023-05-26 |website=The Hindu |language=en-IN}}</ref><ref>{{Cite web |last=Sapam |first=Bidya |date=2018-10-21 |title=Bengaluru's Puravankara re-enters Mumbai housing market |url=https://www.livemint.com/Companies/7l0pLbxPUgrf7wooQ5vxGI/Bengalurus-Puravankara-reenters-Mumbai-housing-market.html |access-date=2023-05-26 |website=mint |language=en}}</ref>

==History==
Puravankara Limited was incorporated by Ravi Puravankara in 1975.

In March 2017, [[Hetero Drugs|Hetero Group]], acquired a 19-acre land along with a 100% equity stake in the companies from Puravankara Projects for Rs. 475 crore. In March 2017, The company's board passed a resolution to divest its investment in Raidurg Panamaktha Village, which is valued at Rs 403 crore.<ref>{{Cite web |last=Khan |first=Sobia |date=2017-03-29 |title=Puravankara sells 19 acre land in Hyderabad for Rs 475 crore |url=https://economictimes.indiatimes.com/industry/services/property-/-cstruction/puravankara-sells-19-acre-land-in-hyderabad-for-rs-475-crore/articleshow/57875102.cms |access-date=2023-05-26 |website=The Economic Times}}</ref><ref>{{Cite web |title=Bengaluru-Based Puravankara Sells Land In Hyderabad For Rs 475 Crore |url=https://www.ndtv.com/business/bengaluru-based-puravankara-sells-land-in-hyderabad-for-rs-475-crore-1674539 |access-date=2023-05-26 |website=NDTV.com}}</ref>

In January 2018, Puravankara Projects Ltd changed its name to Puravankara Ltd.<ref>{{Cite web |date=2017-01-04 |title=Puravankara name change |url=https://www.thehindubusinessline.com/news/real-estate/puravankara-name-change/article9459545.ece |access-date=2023-05-26 |website=www.thehindubusinessline.com |language=en}}</ref>

In September 2019, Abhishek Kapoor was appointed [[chief operating officer]] and later promoted to the role of CEO in April 2019.<ref>{{Cite web |date=2022-04-26 |title=Bengaluru-based Puravankara puts its legacy issues behind |url=https://www.financialexpress.com/industry/bengaluru-based-puravankara-puts-its-legacy-issues-behind/2503172/ |access-date=2023-05-26 |website=[[The Financial Express (India)|Financial Express]]|language=en}}</ref>

In May 2025, Abhishek Kapoor stepped down, and Mallanna Sasalu was appointed as CEO South.<ref name="a412">{{cite web | last=Khan | first=Sobia | title=Puravankara appoints Mallanna Sasalu as CEO – South; Abhishek Kapoor resigns | website=The Economic Times | date=10 May 2025 | url=https://economictimes.indiatimes.com/industry/services/property-/-cstruction/puravankara-appoints-mallanna-sasalu-as-ceo-south-abhishek-kapoor-resigns/articleshow/121049925.cms?from=mdr | access-date=23 June 2025}}</ref>

==Funding==
In March 2011, Puravankara raised foreign direct investment from [[Keppel Corporation]] of Singapore.<ref>{{Cite web |date=2011-03-29 |title=Puravankara launches new project |url=https://www.thehindu.com/business/companies/Puravankara-launches-new-project/article14966443.ece |access-date=2023-05-26 |website=The Hindu |language=en-IN}}</ref>

In April 2015, Puravankara received ₹82 crore (US$13 million) from ASK Group for its subsidiary, Provident Housing.<ref>{{Cite web |title=Puravankara Projects rejigs top deck; Ashish Puravankara becomes MD & CEO |url=https://www.vccircle.com/puravankara-projects-rejigs-top-deck-ashish-puravankara-becomes-md-ceo |access-date=2023-05-26 |website=VCCircle |language=en-US}}</ref>

In December 2020, Puravankara obtained a $76 million investment from [[International Finance Corporation]] (IFC) and IFC Emerging Asia Fund for its affordable housing projects under the housing brand Provident.<ref>{{Cite web |date=2020-12-17 |title=IFC to invest in Puravankara group's affordable housing platform |url=https://www.livemint.com/news/india/ifc-to-invest-in-puravankara-group-s-affordable-housing-platform-11608204251590.html |access-date=2023-05-26 |website=mint |language=en}}</ref><ref>{{Cite web |last=Nandy |first=Madhurima |date=2022-07-21 |title=Puravankara maiden fund raises ₹200 crore in first close |url=https://www.livemint.com/companies/news/puravankara-maiden-fund-raises-200-crore-in-first-close-11658409561996.html |access-date=2023-05-26 |website=mint |language=en}}</ref>

In April 2022, Puravankara launched a fund of ₹750 crore to invest in affordable housing projects.<ref>{{Cite web |last=Nandy |first=Madhurima |date=2022-04-20 |title=Puravankara launches ₹750 cr fund to invest in affordable housing projects |url=https://www.livemint.com/companies/puravankara-launches-rs750-crore-real-estate-fund-11650460683762.html |access-date=2023-05-26 |website=mint |language=en}}</ref>

In April 2024, Provident Housing received ₹1,150 crore investment from HDFC Capital.<ref name="i414">{{cite web | title=HDFC Capital invests ₹1,150 crore in Provident Housing | website=The Hindu | date=25 April 2024 | url=https://www.thehindu.com/business/hdfc-capital-invests-1500-crore-in-provident-housing/article68107294.ece | access-date=26 May 2025}}</ref>

==References==
{{Reflist}}

[[Category:Real estate companies of India]]
[[Category:Real estate companies established in 1975]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies based in Bengaluru]]
[[Category:1975 establishments in Karnataka]]

Puravankara Limited - Revision history

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