BENGALURU: NVS Santosh Kumar has resigned as vice president (sales) of Lodha Group, one of India’s largest real estate developers. He has joined Bengaluru-headquartered CloverMark and Four Clover Realty as chief sales officer with effect from this month.
With over 25 years of varied experience, Kumar has worked in companies including ITC Group and PlanetM Retail. “Santosh is a fantastic addition to Team CloverMark and has already become a pillar of this organisation,” said Venkatramana R, CEO of CloverMark & Four Clover Realty. “He brings in solid experience and expertise of delivering great achievements in real estate, be it in overwhelming sales volumes or landmark creations. With him, we are very sure that CloverMark will scale new height of corporate achievements and will create a truly unique organisation in the real estate sector.”
CloverMark, a brand of Four Clover Realty, is an integrated sales and marketing company focused on the real estate industry. It was founded in 2010 and is operated by a group of IIM-Bangalore alumni. It works closely with homebuyers and builders to provide end-to-end solutions.
Confirming his resignation, Kumar said: “The key motivation for joining CloverMark is that it is a young and growing company. My knowledge of real estate and retail will help add value in creating an organisation where we can sell large volumes for developers by setting up sound sourcing and distribution channels across verticals and sophisticated closing of transactions.”
In his seven years at Lodha Group, he was considered the driving force behind the success of Palava City, a project that will become India’s largest private city spread over 4,000 acres. Kumar was responsible for planning and managing growth and profitability for the channel, identifying new business opportunities and developing new av enues, among other major responsibilities, at the group.
Kumar’s resignation comes after chief financial officer Anurag Singhvi and chief marketing officer R Karthik quit the Mumbai-based company in late 2015. Both Singhvi and Karthik are said be to be working on a plan to start a real estate company that will operate across major cities in India.
They left Lodha Group when the developer’s revenue soared more than 13 times in 2014-15 to Rs 8,000 crore.