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Arvind SmartSpaces Limited (ASL), part of the Lalbhai Group, has announced a planned leadership transition as part of its long-term succession strategy. Priyansh Kapoor, currently Whole-time Director (WTD) & CEO, has been re-designated as Managing Director & CEO with effect from February 10, 2026. Kamal Singal, who has led the company as MD & CEO, will step down from the role and continue as Whole-time Director (Director Strategy & Investments), while also taking on a broader group-level mandate with the promoters. The transition follows a structured succession process initiated in July 2025 and reflects the Board's focus on leadership continuity, governance standards, and sustainable long-term growth as the company prepares for its next phase of expansion.
The Board of Directors of Arvind SmartSpaces Limited (ASL) has approved a leadership transition aimed at ensuring continuity and strengthening the company's long-term growth trajectory. As part of this transition, Priyansh Kapoor has been elevated from Whole-time Director (WTD) & CEO to Managing Director & CEO with effect from February 10, 2026. Kamal Singal, who has served as MD & CEO, has stepped down from the role and will continue as Whole-time Director (Director Strategy & Investments). Advertisement
The move follows a structured and forward-looking succession planning process initiated by the Board in July 2025. The company stated that the transition underscores its continued emphasis on governance excellence, leadership continuity, and sustainable value creation.
Kamal Singal has been associated with ASL and the real estate sector for over 15 years and has led the company through multiple market cycles. During his tenure as MD & CEO, ASL strengthened its operational platform through disciplined execution, calibrated expansion into key geographies, and a focus on building a resilient development pipeline. Under his leadership, the company consolidated its presence across strategic markets and reinforced its brand positioning within the mid-premium and premium residential segments.
In his new capacity as Director Strategy & Investments, Singal will mentor the leadership team and provide strategic guidance on business direction, capital allocation, and long-term investment decisions. He will also undertake a broader group-level role with the promoters, contributing to strategic initiatives beyond the real estate vertical.
Priyansh Kapoor, who has been serving as WTD & CEO for the past six months, will now assume overall responsibility for the management and growth of the company as MD & CEO. The Board expressed confidence in his execution capabilities, industry experience, and deep understanding of the company's operating framework. In his expanded role, Kapoor will focus on strengthening the project pipeline, enhancing execution capabilities, deepening customer engagement, and driving operational efficiencies.
Chairman Kulin Lalbhai described the transition as the outcome of a structured succession process and credited Singal with building a strong foundation for sustainable growth. He expressed confidence that Kapoor would build on this platform and scale the company further in the coming years.
Kapoor stated that his focus remains on leveraging the company's execution strengths, expanding its portfolio across key geographies, and driving sustainable long-term value creation for stakeholders. With an established platform, experienced leadership team, and backing of the Lalbhai Group, ASL believes it is well positioned to enter its next phase of growth under the new leadership structure.
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