New Jaypee Infratech CEO appointed as firm reports profit after Suraksha Group takeover.

Jaypee Infratech's CEO Aalok Champak Dave has resigned due to personal reasons, and Abhijit Gohil has been appointed as the new CEO. The company, recently acquired by the Suraksha Group through an insolvency process, reported a net profit of ₹88.20 crore for the September quarter, compared to a loss last year. The Suraksha Group's takeover and planned investments aim to restart stalled housing projects affecting about 20,000 homebuyers.

November 15, 2024
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