Tourism Breaking News
MRG Group, a diversified business conglomerate with interests across real estate, premium hospitality, and infrastructure, has announced the elevation of Mr. Narahari Rao to the role of Chief Executive Officer. This leadership transition underscores the Group’s strategic focus on integrated growth, operational excellence, and long-term value creation.
Mr. Rao, who has served as the Group’s Chief Financial Officer, brings over two decades of deep expertise in financial strategy, business planning, and cross-functional leadership. At MRG, he has played a critical role in institutionalising financial systems, driving cost optimisation, strengthening governance frameworks, and aligning capital strategies with business priorities.
With extensive experience in hospitality operations and real estate development, Mr. Rao is known for his ability to align financial strategy with business vision. He has successfully led initiatives across profitability enhancement, capital productivity, cash flow management. His insights and leadership have supported MRG’s growth ambitions in Hospitality & Real Estate business reinforcing financial discipline.
Prior to joining MRG, Mr. Narahari Rao held senior finance roles across prominent organisations including Colliers Property Services, Synergy Property Development Services Pvt. Ltd, Potential Project Managers Pvt. Ltd., and Kotak Mahindra Prime Ltd.
As CEO, Mr. Rao will lead MRG’s overall strategic direction, integrating goals across verticals and accelerating performance in its core sectors.
Mr. Narahari Rao, on his elevation, said:
“I am deeply honoured by this opportunity and thankful to the leadership at MRG for placing their trust in me. This is more than a role — it’s a responsibility to lead a legacy built on values, vision, and resilience. As we enter a new phase of growth, my focus will be on strengthening our core, unlocking new potential, and building a culture where performance and purpose go hand in hand. MRG Group’s expansion strategy is primarily focused on strengthening its presence within India. We have plans to increase our portfolio to over 3,500 keys by 2035, combining properties under Goldfinch brand with strategic partnerships involving international brands. I look forward to walking this path together with our teams, partners, and stakeholders — with clarity, conviction, and a commitment to long-term value.” This elevation marks a significant phase in MRG Group’s leadership evolution as it positions itself for the next wave of growth while remaining anchored in its core values.
