Puravankara Limited

Puravankara Limited was incorporated by Ravi Puravankara in 1975.

In March 2017, Hetero Group, acquired a 19-acre land along with a 100% equity stake in the companies from Puravankara Projects for Rs. 475 crore. In March 2017, The company's board passed a resolution to divest its investment in Raidurg Panamaktha Village, which is valued at Rs 403 crore.^[4][5]

In January 2018, Puravankara Projects Ltd changed its name to Puravankara Ltd.^[6]

In September 2019, Abhishek Kapoor was appointed chief operating officer and later promoted to the role of CEO in April 2019.^[7]

In May 2025, Abhishek Kapoor stepped down, and Mallanna Sasalu was appointed as CEO South.^[8]

In March 2011, Puravankara raised foreign direct investment from Keppel Corporation of Singapore.^[9]

In April 2015, Puravankara received ₹82 crore (US$13 million) from ASK Group for its subsidiary, Provident Housing.^[10]

In December 2020, Puravankara obtained a $76 million investment from International Finance Corporation (IFC) and IFC Emerging Asia Fund for its affordable housing projects under the housing brand Provident.^[11][12]

In April 2022, Puravankara launched a fund of ₹750 crore to invest in affordable housing projects.^[13]

In April 2024, Provident Housing received ₹1,150 crore investment from HDFC Capital.^[14]