Shriram Properties Appoints Ramesh Narain Parbat as Independent Director
Bengaluru, November 6, 2026: Residential real estate developer Shriram Properties Limited announced the appointment of Ramesh Narain Parbat as an Independent Director on its Board for a five-year term, subject to shareholder approval, according to a company press release.
Ramesh Narain Parbat brings over 35 years of experience from the Indian Revenue Service (IRS). He retired in October 2025 after serving as a Member of the Central Board of Direct Taxes (CBDT), the apex policy-making body for direct taxation in India. During his tenure as Member (Legislation), he led India’s direct tax legislative and international taxation initiatives, which included drafting the Income-tax Act, 2025. He also signed 174 Advance Pricing Agreements in a single year.
Throughout his career in public service, Ramesh Narain Parbat held several key leadership positions, including Director General of Income Tax (Investigation), Chief Commissioner of Income Tax, and Principal Commissioner of Income Tax.
The appointment is intended to strengthen the company’s governance framework by adding expertise in public administration, taxation, fiscal policy, and regulatory affairs. His background is expected to inform board deliberations regarding policy matters, regulatory developments, financial governance, and institutional oversight.
“We are delighted to welcome Ramesh Narain Parbat to the Board,” said M. Murali, Chairman and Managing Director. “His distinguished career in the Indian Revenue Service, coupled with his extensive experience in public administration, taxation and fiscal policy, particularly his leadership as a Member of the Central Board of Direct Taxes, will bring valuable insights and perspectives to the Board. We are confident that his experience and guidance will enrich the Board’s deliberations, further strengthen our governance practices and enhance strategic oversight as the Company continues to pursue its growth ambitions.”
