PNC Menon, the founder and chairman of Sobha Group, announced on Monday his retirement from the active role as chairman, passing the leadership to his son Ravi Menon, currently the co-chairman. This leadership transition at the $5 billion luxury property developer, renowned for its high-end residential projects in Dubai, Muscat, and India, becomes effective on November 18, 2024, a day after PNC Menon's 76th birthday. PNC will remain as the group's founder and will lead its new subsidiaries and ventures. Ravi Menon, who has been with the group since 2004 in various roles, takes over at a pivotal time as Sobha Group plans expansions into the US and Australia and aims to double its turnover to $10 billion in the next five years.
PNC Menon, a billionaire listed by Forbes, started his career in India and gained fame in Oman as 'The Palace Maker.' His journey has been marked by transformative leadership and a passion for excellence. As he transitions to a guiding role, he expressed his commitment to supporting Sobha Realty's future under Ravi Menon and Francis Alfred's leadership, ensuring a new era of progress and innovation.
Ravi Menon, a Purdue University civil engineering graduate, has been instrumental in Sobha Group's success for over two decades. His career milestones include his promotion to vice chairman in 2006 and subsequent roles as chairman of Sobha Limited and co-chairman of Sobha Group. He is dedicated to advancing Sobha Realty's legacy and making it the top choice for luxury real estate customers globally.
Francis Alfred, managing director of Sobha Realty, expressed his honor to work alongside Ravi Menon, highlighting their combined efforts to innovate and maintain high standards. Ravi Menon and Francis Alfred together form a dynamic leadership team, poised to leverage new technologies and business practices for Sobha Realty's continued success.
