Kalpataru Power Transmission Limited announced it has appointed Mofatraj P. Munot as Non-Executive Chairman of the company.
According to the exchange filing, the company said, “the Board of Directors of the Company at its meeting held yesterday i.e. 22nd March 2022, after reviewing the letter received from Mr. Mofatraj P. Munot, and given the significant contribution made by Mr. Munot over the last few decades and his continued and active involvement in the Company, approved his appointment as the Non-Executive Chairman for a period of five years subject to the approval of the shareholders of the Company to be obtained by means of Special resolution passed through postal ballot. It is expected that his appointment will be effective from the date of receipt of voting results pursuant to the issuance of a fresh postal ballot notice.”
Mofatraj P. Munot has a vast industry experience of more than five decades in Real Estate and Property Development, Civil Contracting and EPC across the industry spectrum. He founded the Kalpataru Group in 1969 and has been the guiding force behind the Group’s stellar success, the statement said.
Munot received lifetime achievement award at the CNBC Real Estate Awards in 2018. The Company has achieved phenomenal growth under his leadership. His pioneering role in guiding the Company through more than three decades of journey has led the Company to emerge as a one of the largest players in EPC industry. He also serves as the Non-Executive Chairman of Kalpataru Limited, the flagship real estate arm of the Kalpataru Group.
Munot is the past President of Maharashtra Chamber of Housing Industry, and serves as an advisor to several industry bodies.
Kalpataru Power Transmission Limited (KPTL) was incorporated in 23rd April of the year 1981 as HT Power Structures Pvt. Ltd. The Company is a global EPC player with diversified interest in power transmission and distribution civil construction railway track laying and electrification oil & gas pipelines laying etc.
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