NBCC (India) Limited announced that on October 07, 2019, Competent Authority had appointed Shri Pawan Kumar Gupta to the post of Chairman, NBCC, with effect from the date of his assumption of charge of the post till September 30, 2023 i.e. the date of his superannuation, or until further orders, whichever is earlier. Accordingly, Shri Pawan Kumar Gupta has superannuated on September 30, 2023. Further, Administrative Ministry i.e. Ministry of Housing and Urban Affairs (MOHUA) vide Office Order No.: O-17034/25/2022-PS (E-9130084), dated September 11, 2023, conveyed the approval of the Competent Authority for appointment of Shri K.P Mahadevaswamy, Director (Commercial)-NBCC to the post of Chairman for a period with effect from the date of his assumption of charge of the post on or after October 01, 2023 till the date of his superannuation i.e. July 31, 2028 or until further orders, whichever is earlier.

Accordingly, Shri K P Mahadevaswamy has assumed the Charge of Chairman with effect from October 01, 2023. Shri K. P Mahadevaswamy joined NBCC on September 5, 2005 as Dy. General Manager (Engg.) and gradually and successfully went up the ladder in the organization to become Director (Commercial) on February 1, 2023.

He has a vast experience of more than 32 years in handling many mega-value, critical, diversified and civil engineering projects across the country before assuming the charge of Director (Commercial). Shri Swamy earned his Degree in Civil Engineering from SJCE, Mysore with distinction and later obtained his M. Tech Degree. He also pursued Executive Programme in Leadership & Management from IIM Calcutta.

Earlier Shri Swamy as CEO of HSCL, subsidiary of NBCC, was responsible for turning the Company around from a loss-making PSU to first-time profit making and Mini Ratna entity in the last one decade. He is also Director on the Board of NBCC's JV Company - Real Estate Development & Construction Corporation of Rajasthan Limited (REDCC). Names of listed entities in which the person also holds the directorship and the membership of Committees of the board listed entities from which the person has resigned in the past three years: Unlisted Public Company: Real Estate Development & Construction Corporation of Rajasthan Limited- Director & Member Member in Stakeholder Relationship Committee of NBCC.