Home / Business and Economy / Ironwood Taps Housing Expert Raghavan
Ironwood Taps Housing Expert Raghavan
26 Nov
Summary
- Balaji Raghavan appointed to lead affordable housing initiatives.
- Ironwood acquires Trio Infrastructure Private Limited via share swap.
- Raghavan brings over two decades of mortgage and real estate experience.
Ironwood has appointed Balaji Raghavan to spearhead its affordable housing and real estate development initiatives, bolstering its presence in a key Indian residential sector. This appointment comes after Ironwood Education Limited's recent agreement to acquire 100% of Trio Infrastructure Private Limited (TIPL) through a no-cash share swap, making TIPL a wholly owned subsidiary.
Raghavan, a seasoned professional with over two decades of experience, previously managed a substantial ₹60,000 crore home-loan portfolio at ICICI Bank and led real estate investments at IIFL, deploying over ₹12,000 crore. His expertise includes mortgage finance, real estate investments, and development, with a recent focus on Mumbai's affordable housing sector since 2021.
TIPL, under Raghavan's guidance, is developing a 2,52,000 sq. ft. residential project in Gokhivare, Vasai East, offering 1 BHK and 2 BHK homes. The project is on schedule, supported by strong sales and financial backing. Ironwood is also advancing approvals for two additional affordable housing projects slated for launch within the next six months.
