MRG Group Elevates Narahari Rao to Chief Executive Officer

Bengaluru – MRG Group, a diversified business conglomerate with interests across real estate, premium hospitality, and infrastructure, has announced the elevation of Mr. Narahari Rao to the role of Chief Executive Officer (CEO). This leadership transition underscores the Group’s strategic focus on integrated growth, operational excellence, and long-term value creation.

Mr. Rao, who has served as the Group’s Chief Financial Officer, brings over two decades of deep expertise in financial strategy, business planning, and cross-functional leadership. At MRG, he has played a critical role in institutionalising financial systems, driving cost optimisation, strengthening governance frameworks, and aligning capital strategies with business priorities.

With extensive experience in hospitality operations and real estate development, Mr. Rao is known for his ability to align financial strategy with business vision. He has successfully led initiatives across profitability enhancement, capital productivity, and cash flow management. His insights and leadership have supported MRG’s growth ambitions in the Hospitality & Real Estate business, reinforcing financial discipline.

Prior to joining MRG, Mr. Narahari Rao held senior finance roles across prominent organisations including Colliers Property Services, Synergy Property Development Services Pvt. Ltd., Potential Project Managers Pvt. Ltd., and Kotak Mahindra Prime Ltd.

As CEO, Mr. Rao will lead MRG’s overall strategic direction, integrating goals across verticals and accelerating performance in its core sectors.

Mr. Narahari Rao, on his elevation, said:

“I am deeply honoured by this opportunity and thankful to the leadership at MRG for placing their trust in me. This is more than a role — it’s a responsibility to lead a legacy built on values, vision, and resilience.

As we enter a new phase of growth, my focus will be on strengthening our core, unlocking new potential, and building a culture where performance and purpose go hand in hand.

MRG Group’s expansion strategy is primarily focused on strengthening its presence within India. We have plans to increase our portfolio to over 3,500 keys by 2035, combining properties under the Goldfinch brand with strategic partnerships involving international brands.

I look forward to walking this path together with our teams, partners, and stakeholders — with clarity, conviction, and a commitment to long-term value.”

This elevation marks a significant phase in MRG Group’s leadership evolution as it positions itself for the next wave of growth while remaining anchored in its core values.

About MRG Group

Founded by Dr. K Prakash Shetty, Chairman of MRG Group, in 1993, MRG Group has established itself as one of the leading and most successful real estate and hospitality collaborations in India, imprinting its indelible mark across all asset classes. The name MRG is derived from:

M – Madhava (his father)

R – Rathna (his mother)

G – Gaurav (his son)

This naming is symbolic of the company being his passion project, not just a business.

MRG Group is a multi-sector enterprise with a strong presence in real estate, premium hospitality, and infrastructure. Known for its legacy of trust, quality, and innovation, the Group continues to deliver landmark projects and lasting value across the markets it serves.