Page 152 - SOBHA REALTY PR REPORT - AUGUST 2024

8/27/24, 10:54 AM PNC Menon To Hand Over Sobha's Reins To Son Ravi

The elevation of Ravi Menon (junior), who has been serving the group in various capacities
since 2004, comes at a critical juncture as Sobha group which is all set to expand its

footprints across the US and Australia while looking to diversify its business activities aimed at
doubling the turnover to $10 billion over the next five years.

PNC, a Forbes listed billionaire, began his journey with humble origins in India. His pursuit of

excellence led him to Oman, where he earned the reputation as 'The Palace Maker.'

PNC's journey has been transformative, with his leadership and passion for excellence. As he
passes the baton to the next generation, the Sobha founder will continue to play an influential

role, offering his expertise to guide the group's subsidiaries and ensure ongoing growth and
stability.

"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 leadership, the company will enter a new era of progress and innovation,"
PNC, reflecting on this transition, told a press briefing on Monday.

For over two decades, Ravi, a civil engineering graduate from Purdue University, USA, has
played a pivotal role in Sobha Group's success. 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 visionary leadership and operational
excellence.

"I am deeply honored 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

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