Realty firm Godrej Properties Limited announced the appointment of Sumeet Narang as Additional Director on the company’s Board of Directors, with effect from August 18, 2023.
According to the company’s exchange filing, “Please note that the Board of Directors of the Company has today, i.e. August 18, 2023, based on the recommendation of the Nomination and Remuneration Committee of the Board of Directors, appointed Mr. Sumeet Narang (DIN: 01874599) as an Additional Director (Non – Executive, Independent Director) for a period of 5 (five) years with effect from August 18, 2023, subject to the approval of the Members of the Company.”
Sumeet Narang is the Founder of Samara Capital, an India focused investment firm with strong focus on growth buyouts. Prior to founding Samara Capital in late 2006, Sumeet briefly worked at Goldman Sachs, New York, in their Proprietary Investments Group.
From 2001-04, he worked with Citigroup India across various functions based out of Delhi and Hyderabad. He has also worked with the Fiat Group in Italy and India.
Sumeet earned a Master’s in Business Administration from Harvard Business School, where he graduated as a Baker Scholar and John Loeb Fellow. He also has a Master’s in Business from the Indian Institute of Management, Lucknow, where he was an Aditya Birla Scholar, and a B.E. in Mechanical Engineering from the Indian Institute of Technology, Roorkee.
Samara Capital has a strong focus in the consumer space and Sumeet has had the opportunity to evaluate and/or invest in multiple companies in the sector across different segments such as retail (including food and grocery retail), quick service restaurants, branded apparel, personal and beauty care, etc. Sumeet sits on the boards of many of these companies and has actively contributed in their growth journeys, some of which have now become market-leading companies in their respective segments, according to the statement.
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