New Delhi, 21 July, 2026 : TARC Limited, one of Delhi-NCR’s leading luxury real estate developers, announced the appointment of Ajay Gupta as Chief Development Officer (CDO), Ankush Kaul as Chief Business Officer (CBO) and Mridul Srivastava as Chief Human Resources Officer (CHRO). These strategic appointments reinforce the company’s commitment to building a future-ready leadership team as it enters its next phase of growth, expands its luxury residential portfolio and strengthens its institutional capabilities.
Together, Ajay Gupta, Ankush Kaul and Mridul Srivastava bring more than eight decades of collective leadership experience across luxury real estate, infrastructure, financial services, hospitality, technology, telecom and BFSI. Their appointments are expected to play a significant role in advancing TARC’s commercial strategy, integrated project development, customer-centric approach and organizational excellence as the company continues to build landmark luxury developments.
Commenting on the appointments, Mr. Amar Sarin, Managing Director & CEO, TARC Limited, said “Strengthening our leadership team remains a strategic business priority as we continue to scale our business and deliver best-in-class luxury developments. Ajay, Ankush and Mridul bring deep expertise across business growth, project development and organizational excellence. Together, they will play a key role in driving the next chapter of TARC’s growth, while reinforcing our commitment to creating homes Inspired by Differentiated Luxury. Curated Residences. I wish them success in their new roles and look forward to their contributions in strengthening TARC’s vision, growth trajectory and commitment to excellence.”
Ajay Gupta joins the company as Chief Development Officer with over 37 years of leadership experience across real estate and infrastructure development. During his distinguished career, he has successfully led large-scale, multi-project developments from design through delivery. Most recently, as President – Projects at Krisumi Corporation, he oversaw the development and operations of a 35 acres township with a built-up area of 8.5 million sq. ft. Prior to this, as Operation Head (North Zone) at Godrej Properties Limited, he led the development of 28 million sq. ft. spread across 286 acres and 19 projects in Gurgaon, Sonipat, Delhi and Noida.
As Chief Development Officer, Ajay will lead Design & Architecture, Planning, Development of all Sites/Developments, QA-QC, Safety, Procurement & Contracts and Billing, Budgeting & Cost Control. His mandate is to establish an integrated development function that brings together design excellence, disciplined planning, quality assurance, safety and cost optimization, further strengthening TARC’s execution capabilities and ensuring every development is delivered with greater efficiency, precision and craftsmanship.
Sharing his thoughts on joining TARC, Ajay Gupta, Chief Development Officer, said: “TARC has established a strong reputation for creating thoughtfully designed luxury developments. I look forward to building an integrated development platform that combines design excellence, disciplined execution and operational excellence to deliver exceptional value for customers and stakeholders.”
Further strengthening TARC’s development capabilities, Ankush Kaul joins TARC with over 25 years of leadership experience across real estate, financial services and hospitality. During his career, he has led Sales and Marketing functions for some of India’s most recognized organizations including DLF, Central Park, Ambience and Tribeca, delivering cumulative topline revenues exceeding ₹15,000 crore while facilitating the sale of thousands of premium residences across Delhi-NCR and other key markets. He will lead the company’s Sales, Marketing, Customer Advisory and Customer Experience functions. His mandate extends beyond driving business performance to architecting a research-led approach to development planning, leveraging consumer insights, market intelligence and data-driven decision making to shape product development, positioning and go-to-market strategy before development reach customers. By integrating commercial strategy with customer experience, he will further strengthen TARC’s commitment to creating homes inspired by evolving buyer aspirations.
Sharing his thoughts on joining TARC, Ankush Kaul, Chief Business Officer, said: “TARC has built a strong reputation in luxury real estate through thoughtful design and customer-centricity. I look forward to strengthening our market strategy, enhancing customer experience and contributing to the company’s next phase of growth.”
Complementing this commercial leadership, Mridul Srivastava has over 23 years of diverse experience across Technology, Telecom, BFSI, Real Estate and Hospitality. Having held leadership positions with organizations including Shyam Group, Hero FinCorp, Religare, DLF Homes and ITC Hotels, he has successfully led enterprise transformation initiatives spanning workforce architecture, organizational design, leadership development, governance and change management.
Speaking on his appointment, Mridul Srivastava, Chief Human Resources Officer, said: “I am delighted to join TARC at a pivotal stage in its growth journey. My focus will be on building a high-performance, people-first organization that empowers talent, strengthens culture and supports the company’s long-term ambitions.”
As Chief Human Resources Officer, Mridul will lead TARC’s entire People Function, including Talent Acquisition, Leadership Hiring, Performance Management, Talent Development, Total Rewards and Employee Experience. In addition, he will oversee Business Excellence and the Project Management Office, bringing greater operational discipline, execution excellence and organizational effectiveness as TARC scales its business and leadership capabilities.
About TARC Limited
TARC Limited (NSE: TARC, BSE: 543249), headquartered in New Delhi, stands at the forefront of Luxury Real Estate Development. Committed to being Inspired by India and crafting unparalleled living experiences, TARC is dedicated to deliver exceptional quality to its discerning clientele. The Company is focused on the development of luxurious residential developments in New Delhi and Gurugram. With an unwavering commitment to redefine urban living, TARC has established itself as a beacon of luxury and sophistication in the industry. Our brand is synonymous with Luxury offerings that epitomize excellence at every turn. Driven by a vision to revolutionize the landscape of urban living, TARC is steadfast in its mission to curate forward-thinking, top-tier developments that embody the pinnacle of quality and innovation. Backed by a robust portfolio of prime land parcels and strategic financial collaborations, TARC is poised to further solidify its position as a leader in the residential real estate sector.
