Sobha Realty Announces Leadership Transition: Ravi Menon Elevated to Chairman, PNC Menon to Continue as Founder

Real Estate

Sobha Realty Announces Leadership Transition: Ravi Menon Elevated to Chairman, PNC Menon to Continue as Founder

Sobha Realty, a leading real estate developer recognized for its quality, innovation, and craftsmanship, has announced a significant leadership transition. PNC Menon, the visionary Founder and Chairman of Sobha Group, will step down from his active role as Chairman, effective November 18, 2024. Ravi Menon, currently the Co-Chairman of Sobha Group, will assume the position of Chairman.

PNC Menon, a Forbes-listed billionaire who started his journey from humble beginnings in India, earned a distinguished reputation in Oman as 'The Palace Maker,' a title that led to him and his family receiving Omani citizenship from the late His Majesty Sultan Qaboos bin Said. His leadership has transformed Sobha Realty into a revered name in the real estate industry. While retiring from the Chairmanship, PNC Menon will continue as the Founder of Sobha Group, offering his expertise to guide the company’s subsidiaries and ensure ongoing growth.

Reflecting on this transition, PNC Menon stated, "Throughout my tenure as Chairman, I have been inspired by our exceptional team’s dedication and creativity, which has propelled the company to new heights. I remain committed to supporting Sobha Realty’s ambitions and am confident that under Ravi Menon and Francis Alfred’s leadership, the company will enter a new era of progress and innovation."

Ravi Menon, a Civil Engineering graduate with Honors from Purdue University, USA, has played a pivotal role in Sobha Group’s success over the past two decades. Since joining Sobha Limited in India as a Director in 2004, he has advanced the company’s strategic vision and fostered a culture of innovation. His elevation to Vice Chairman in 2006, and later as Co-Chairman of Sobha Group in Dubai, highlights his visionary leadership and operational excellence.

Expressing his gratitude, Ravi Menon stated, "I am deeply honored to take on the role of Chairman of Sobha Group. Under PNC Menon’s remarkable leadership, Sobha Realty has become a leading luxury real estate developer in the region, with promising expansion plans globally. I am committed to upholding this legacy and advancing it further to make it the most preferred brand for customers."

As Chairman, Ravi Menon will work closely with Francis Alfred, Managing Director of Sobha Realty, to drive the company toward greater achievements. Francis Alfred added, "Together, we aim to continue to build on the strong foundation laid by PNC Menon by driving innovation and delivering the highest standards of quality that our customers expect. I am confident that with Ravi Menon’s guidance, Sobha Realty will reach even greater heights, further solidifying our position as a global leader in luxury real estate."

With this dynamic leadership duo at the helm, Sobha Realty is poised for continued success, leveraging next-generation technologies and innovative business practices to deliver unparalleled value to stakeholders and customers alike.