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Devesh Karda Appointed Managing Director of Dharan Infra-EPC Ltd, Signaling Leadership Transition

Swarnadwip Nath Published Aug 07, 2025, 04:12 PM Updated Sep 18, 2026, 11:11 AM

Dharan Infra-EPC Ltd has announced the appointment of Devesh Karda as its new Managing Director, marking a pivotal leadership transition within the company’s executive team. The decision reflects a strategic move to infuse youthful energy and entrepreneurial vision into the firm’s infrastructure and engineering operations. Devesh Karda, previously serving as Executive Director, brings a strong background in civil engineering and real estate development, with prior experience at KBC Global Ltd.

This appointment is expected to shape the company’s next phase of growth, particularly in the areas of urban infrastructure, EPC contracts, and real estate execution.

Key Highlights from the Leadership Update

- Devesh Karda has been elevated to the position of Managing Director at Dharan Infra-EPC Ltd

- He succeeds Naresh Karda, who previously held the dual role of Chairman and Managing Director

- The transition is part of a broader succession plan aimed at strengthening operational leadership

- The company continues to focus on EPC contracts, affordable housing, and commercial development projects

Professional Background and Credentials

Devesh Karda brings a blend of technical expertise and entrepreneurial experience:

1. Academic Qualifications

- Holds a diploma in Civil Engineering from Sandip Foundation, Nashik

- Trained in project execution, structural design, and construction management

2. Industry Experience

- Worked with KBC Global Ltd, a leading construction firm in Northern Maharashtra

- Played a key role in project planning, vendor coordination, and client engagement

3. Recognition

- Honored with the Youth Entrepreneur in Real Estate award at the Goda Sanman Puraskar in 2020

- Known for his focus on sustainable construction and digital project tracking

Strategic Implications of the Appointment

The leadership change is expected to drive operational agility and innovation:

- Devesh Karda is likely to emphasize technology integration in EPC workflows

- His appointment signals a generational shift in leadership, aligning with industry trends

- The company may pursue new joint ventures and public-private partnerships under his guidance

Current Business Focus and Market Position

Dharan Infra-EPC Ltd operates across multiple infrastructure segments:

- Engaged in civil contracts, affordable housing, and commercial real estate development

- Active in Nashik and surrounding regions with a strong brand presence under the Karda Group

- Known for timely delivery, quality construction, and customer-centric project execution

Governance Structure and Board Composition

The company’s governance framework remains robust and diversified:

- Naresh Karda continues as Chairman, providing strategic oversight and mentorship

- Other board members include Manohar Karda (Whole-time Director), Sandeep Shah (Independent Director), and Mayura Marathe (Company Secretary)

- The board includes professionals from architecture, finance, and marketing, ensuring balanced decision-making

Investor Sentiment and Market Outlook

The leadership transition has been received positively by stakeholders:

- Investors view the appointment as a step toward modernization and growth acceleration

- Analysts expect increased focus on digital tools, cost optimization, and project scalability

- The company’s stock performance remains stable, with long-term potential tied to execution quality

Conclusion

The appointment of Devesh Karda as Managing Director of Dharan Infra-EPC Ltd marks a significant milestone in the company’s leadership evolution. With a strong foundation in engineering and real estate, he is well-positioned to steer the firm through its next phase of growth. As infrastructure demand continues to rise across India, Dharan Infra-EPC’s renewed leadership promises agility, innovation, and strategic expansion.

Sources: Dharan EPC official website, MarketsMojo, Trendlyne

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