New Delhi, Delhi, India, July 2026 — TARC Limited, one of Delhi-NCR’s leading luxury real estate developers, has strengthened its executive leadership team with the appointments of Ajay Gupta as Chief Development Officer (CDO), Ankush Kaul as Chief Business Officer (CBO), and Mridul Srivastava as Chief Human Resources Officer (CHRO). The appointments reinforce the company’s commitment to building a future-ready leadership team as it expands its luxury residential portfolio, enhances customer experience, and strengthens organizational capabilities.
Collectively bringing more than 80 years of leadership experience across luxury real estate, infrastructure, financial services, hospitality, technology, telecom, and BFSI, the three leaders will play a pivotal role in driving TARC’s next phase of growth through integrated development, commercial excellence, customer-centric innovation, and people transformation.
Ajay Gupta joins TARC as Chief Development Officer with over 37 years of experience in real estate and infrastructure development. Most recently, he served as President – Projects at Krisumi Corporation, where he led the development and operations of a 35-acre integrated township. Prior to that, as Operation Head (North Zone) at Godrej Properties, he oversaw the execution of 19 projects covering nearly 28 million square feet across Delhi-NCR. At TARC, Ajay will lead Design & Architecture, Planning, Project Development, Quality Assurance, Safety, Procurement, Contracts, Budgeting, Cost Control, and Billing, establishing an integrated development platform focused on execution excellence and design-led luxury.
Ankush Kaul joins as Chief Business Officer, bringing more than 25 years of leadership experience across real estate, financial services, and hospitality. During his career, he has held senior leadership roles with DLF, Central Park, Ambience, and Tribeca, leading sales and marketing functions that delivered cumulative revenues exceeding ₹15,000 crore through the sale of premium residential developments. He will oversee Sales, Marketing, Customer Advisory, and Customer Experience, while driving a research-led commercial strategy that integrates customer insights, market intelligence, product development, and go-to-market execution.
Joining as Chief Human Resources Officer, Mridul Srivastava brings more than 23 years of experience across technology, telecom, BFSI, hospitality, and real estate. Before joining TARC, he held senior HR leadership positions with Shyam Group, Hero FinCorp, Religare, DLF Homes, and ITC Hotels, leading enterprise-wide transformation initiatives spanning organizational design, leadership development, governance, workforce architecture, and change management. At TARC, he will lead the company’s People Function, including talent acquisition, leadership hiring, performance management, talent development, total rewards, and employee experience. He will also oversee Business Excellence and the Project Management Office (PMO) to strengthen execution discipline and organizational effectiveness.
Commenting on the appointments, Amar Sarin, Managing Director & Chief Executive Officer of 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.”
Sharing his thoughts, Ajay Gupta 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.”
Ankush Kaul added, “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.”
Speaking on his appointment, Mridul Srivastava 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.”
The appointments underscore TARC’s continued investment in leadership as it strengthens its capabilities across project development, commercial strategy, customer experience, and organizational excellence to support sustained growth in India’s luxury real estate market.
About TARC Limited
TARC Limited (NSE: TARC | BSE: 543249) is a leading luxury real estate developer headquartered in New Delhi, India. The company specializes in developing premium residential communities across Delhi and Gurugram, combining architectural excellence, thoughtful design, and world-class customer experiences. Supported by a strong portfolio of prime land assets and strategic financial partnerships, TARC continues to redefine luxury urban living through innovation, quality, and sustainable development.
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