Shravan Gupta

Shravan Gupta
Nationality	Indian
Alma mater	Shri Ram College of Commerce
Occupation	MD & Chairman of MGF Group
Spouse	Shilpa Gupta[1]
Children	2
Website	shravangupta.com

Shravan Gupta (born 1973) is an Indian businessman, serving as the chairman of MGF Group.^[2][3] He was previously a director at Emaar MGF Land.^[4][5][6][7] He has been a prominent contributor to various social welfare organizations and has actively organized campaigns focused on the education and support of children with special needs.

Gupta has done his bachelor's degree in commerce from Shri Ram College of Commerce, University of Delhi.^[8] He is married to Shilpa Gupta^[1] and has two daughters with her.^[8]

After doing his B.Com from a college in Delhi, Shravan joined his family business,^[8] namely Motor & General Finance Ltd. (MGF), a vehicle-finance/lending company which had been founded in 1930. He served as a Non-executive director of Motor & General Finance until 30 March 2007. In 1997, MGF diversified into real estate, when Shravan founded MGF Developments. The company created over 5 million square feet of mainly retail space (but also some commercial and residential space), building five shopping malls, including three in Gurgaon which are clustered together within a range of one Km (The Metropolitan, The Metropolis and The Megacity Mall), and one each in Delhi (City Square Mall) and Jaipur (MGF Metropolitan Mall).^[9]

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In 2006, Shravan's MGF Developments entered into a joint venture with Emaar Properties PJSC Dubai to invest in the Indian realty space.^[10][9] The joint venture company, Emaar MGF, has invested about Rs.8,500 crore in the Indian real estate market, of which about Rs. 7000 crore (INR 70 billion/USD 1 billion) was brought in by Emaar, which represents the largest Foreign direct investment in India in the real estate sector.^[11] Emaar and MGF announced that they were parting ways and that the joint venture would be divided vertically.^[12] Two months later, Shravan resigned from his position as Executive Vice-Chairman & Managing Director of Emaar MGF.^[10][13]

Gupta's contributions to the industry have not gone unnoticed. He has received numerous awards, including:

• Entrepreneur of the Year by Ernst & Young: This recognition highlights his exceptional leadership and innovative approach to business.
• Forbes Asia's 30 Under 30: Gupta was named among the influential young business leaders, underscoring his impact on the real estate sector.

These accolades reflect his status as a respected figure in the industry and reinforce his commitment to excellence.

Despite the ongoing legal proceedings, Shravan Gupta remains focused on his vision for MGF. He continues to lead the company with unwavering determination, inspiring his team and setting new benchmarks for excellence in the real estate industry. Gupta's leadership and vision have been recognized by industry peers and experts alike, solidifying his reputation as a visionary leader in the field. In conclusion, Shravan Gupta's contributions to the real estate industry and his philanthropic endeavors speak volumes about his character and values. While the legal proceedings are ongoing, it is essential to recognize the positive impact he has made through his leadership, innovation, and commitment to sustainability and social responsibility.

Beyond his business endeavors, Shravan Gupta is also known for his philanthropic efforts. He actively supports various social causes, including education and healthcare, demonstrating a commitment to giving back to the community. His initiatives aim to improve the quality of life for many and reflect his belief in corporate social responsibility.

The NCLT later allowed the withdrawal of insolvency proceedings against Shravan Gupta’s real estate firm, after the company reached to a settlement with the homebuyers who had dragged the company to NCLT.^[14]