Kolte-Patil Developers Ltd., backed by Blackstone, has announced a major restructuring of its Board and senior leadership.
The company has named Avani Davda as an Additional Director (Non-Executive, Independent). Davda has more than 20 years of leadership experience across real estate, retail and hospitality, and currently advises Bain Advisory Network.
The move follows the induction of Blackstone executives Tuhin Parikh, Asheesh Mohta and Mohit Arora to the Board in August 2025.
On the leadership front, Group CEO Atul Bohra has resigned effective November 11, 2025. Managing Director Rajesh Patil will oversee operations while the Board searches for his successor.
Two strategic hires were also announced: Anil Dwivedi as Chief Development Officer and Vishal Mariya as Group CHRO.
Commenting on the changes, Rajesh Patil said, “With the transformative backing of Blackstone and healthy financials, Kolte-Patil Developers is poised for its next stage of growth.”
Blackstone’s Asheesh Mohta said the strengthened governance structure would help create a respected industry platform.
