Patel Engineering Ltd has announced the sudden and untimely demise of Rupen Patel, Promoter, Chairman & Managing Director. Rupen Patel’s visionary leadership and unwavering commitment have been the cornerstone of the Company’s success.
In response to this tragic loss, Janky Patel has been appointed as Chairperson of the Company. Janky Patel, wife of the late Rupen Patel, is a graduate of Mumbai University. She will hold the position of Non-Executive Chairperson and will lead the Company with the same dedication and integrity as her husband to ensure the seamless functioning of the Company during this difficult period.
Kavita Shirvaikar has been appointed as Acting Managing Director of the Company, stepping down from her previous role as Chief Financial Officer of the Company. A qualified Chartered Accountant and a graduate of the Institute of Cost & Works Accountants of India, she brings over 20 years of extensive experience in accountancy, tax, audit, banking, finance, and fund management and holds the trust of the Board. She has been with the Company for a decade, working closely with Rupen Patel, who has mentored and guided her throughout her tenure.
Janky Patel expressed her heartfelt gratitude to the Board of Directors for their support during this challenging time. She said, “Rupen’s vision and dedication to Patel Company were unparalleled. I am committed to continuing his legacy and working closely with our talented team to drive the Company forward. The Management team have my utmost trust and confidence that they will honor Rupen’s memory and teachings while striving for the best for the Company. We will ensure that the highest standards are upheld for the future of the Company.”
Kavita Shirvaikar, in her new role as Acting Managing Director, stated, “In his lifetime, Rupen Patel dedicated himself to the success of the Company, leaving behind big shoes to fill. It is an honour to follow in his footsteps. I am committed to upholding the high standards and values he instilled in our organisation. Together, we will navigate this period of transition and continue to build on his legacy of trust, honour and bring value to our esteemed shareholders.”
The Board of Directors and all employees of the Company extend their deepest condolences to the Patel family during this time of mourning. Patel Engineering Ltd remains committed to honouring Rupen Patel’s legacy and ensuring the continued success of the Company he so passionately led.