Eraaya Lifespaces Limited Appoints New Leadership and Restructures Governance Framework
Eraaya Lifespaces Limited announced several changes to its leadership and governance framework on March 28, 2026. The changes were approved by the Board of Directors at a meeting held on that date.Mr. Sushil Gupta has been appointed as Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of the company. Mr. Ashish Sharma has been appointed as Chief Financial Officer (CFO) and KMP. The current CFO will step down from the position, continuing with the company in other roles.
The company also approved the creation of senior management positions to strengthen governance, compliance, and risk oversight, and authorized management to identify and appoint suitable candidates.
Furthermore, Eraaya Lifespaces Limited has reconstituted the Audit Committee and Risk Management Committee.
A strategic transition from a unified global leadership framework at Ebix Inc. level to a decentralized structure has also been noted, with each business vertical and geography now independently led by designated leadership teams.
Certain consolidation-related complexities were discussed but could not be concluded due to the need for additional information.
Key Appointments & Resignations:
| Role | New Appointment | Previous Role |
|---|---|---|
| Chief Executive Officer (CEO) | Mr. Sushil Gupta | |
| Chief Financial Officer (CFO) | Mr. Ashish Sharma | Current CFO (stepping down) |
| CFO | Current CFO | Stepping down, continuing in other roles |
Leadership Profiles:
Mr. Sushil Gupta brings over 30 years of experience stabilizing, transforming, and scaling organizations, with a focus on financial discipline, governance, and execution. Mr. Ashish Sharma possesses over 26 years of post-qualification experience including extensive exposure with multinational corporations.
Board Committee Composition:
Audit Committee:
| Name | Designation | Category |
|---|---|---|
| Mr. Devender Kumar Garg | Chairperson | Non-Executive - Independent Director |
| Mr. Ravi Kumar Gupta | Member | |
| Mr. Ashish Jaitly | Member | Non-Independent, Non-Executive Director |
Risk Management Committee:
| Name | Designation | Category |
|---|---|---|
| Mr. Ravi Kumar Gupta | Chairperson | Non-Executive - Independent Director |
| Mr. Thomas Mathew | Member | Non-Executive - Independent Director |
| Mr. Karan Bagga | Member | Non-Independent, Executive Director |
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.