Sobha Realty, a leading real estate developer, is set for a significant leadership transition with PNC Menon, the Founder and Chairman of Sobha Group, retiring from his active role as Chairman.

 

Effective November 18, 2024, Ravi Menon, a distinguished leader with an exceptional track record as Co-Chairman of Sobha Group, will assume the role of Chairman of the Group. 

 

PNC Menon, the Forbes listed billionaire, will continue as the Founder of Sobha Group. He began his journey with humble origins in India. His pursuit of excellence led him to Oman, where he earned the distinguished reputation as 'The Palace Maker,' a title that ultimately bestowed upon him and his family Omani citizenship, by the late His Majesty Sultan Qaboos bin Said.

 

His journey has been transformative, with his leadership and passion for excellence, establishing the company as a revered name in the industry. As he passes the baton to the next generation, PNC Menon will continue to play an influential role, offering his expertise to guide the group’s subsidiaries and ensure ongoing growth and stability, the company said.

 

PNC Menon said: "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 (managind director) leadership, the company will enter a new era of progress and innovation."

 

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

 

Ravi Menon said: "I am deeply honoured 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."

 

Starting this new chapter in Sobha Realty, Ravi Menon will work hand in hand with Francis Alfred, Managing Director of Sobha Realty, to steer the company toward even greater achievements. 

 

Alfred said: "As we embark on this exciting new chapter for Sobha Realty, I am honoured to work alongside Ravi Menon. His visionary leadership and deep commitment to excellence have been instrumental in shaping the company’s success. 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." - TradeArabia News Service