Aurum PropTech, a new-age PropTech company has appointed Ashish Deora, Founder and CEO of its parent entity Aurum Ventures, as a Non-Executive Director on its Board.
Ashish Deora is a first-generation entrepreneur and an alumnus of Harvard Business School. He founded Aurum Ventures at the age of 21, and over the last three decades, has spearheaded industry-first initiatives across sectors including Telecom, Aviation, Renewable Energy, and Real Estate. His entrepreneurial journey includes milestones such as establishing one of India’s first optic fiber networks, restructuring a branded low-cost airline and co-founding ReNew Power, India’s largest renewable energy company.
Deora brings a proven track record of building future-ready, growth-led businesses, with a strong focus on innovation, entrepreneurship and tech-enabled disruption. His extensive experience in venture building and scaling businesses in growth-oriented and data-centric sectors has led to value-accretive exits to global capital allocators and sovereign wealth funds, showcasing his ability to institutionalize businesses with strong fundamentals.
In the Real Estate sector, over the past 15 years, Deora has led the creation of Aurum RealEstate, a homegrown, diversified real estate platform offering an integrated suite of investment management, development expertise, operational capabilities, and technology-driven solutions. The portfolio spans premium residential projects, luxury housing, IT-SEZ developments, integrated townships, and retail properties across the Mumbai Metropolitan Region (MMR).
Deora has also been pivotal in shaping the strategic vision of Aurum PropTech, one of India’s fastest-growing integrated PropTech ecosystems with a mission to enhance consumer experience and increase enterprise efficiency, making real estate truly future-ready. His focus areas include disrupting the rental housing market, real estate distribution, and real estate capital financing using technology.
Deora will now bring strategic guidance to the operations of Aurum PropTech, and the founders of Aurum’s Rental, Distribution and Capital business units. His years of experience in entrepreneurship and industry building, in-depth expertise across real estate development and asset management and his acumen for building innovative business models and best-in-class offerings will enable Aurum PropTech’s goal of being the largest PropTech company in India.
He also serves on the Board of Shriram Properties, a real estate development company focused on delivering affordable and mid-segment housing across diverse geographies pan-India.
Vasant Gujarathi, Director on Board of Aurum PropTech said, “We are thrilled to welcome Ashish to the Board. His visionary leadership has been the cornerstone of Aurum’s success, and his strategic insights will be pivotal as we scale new heights. With his continued guidance to the management team, we are confident in accelerating our mission to lead India’s rapidly evolving PropTech sector and establish Aurum PropTech as the nation’s largest and most impactful PropTech company.”
Ashish Deora said, “India PropTech sector represents a USD 100 billion opportunity across consumer tech, enterprise tech and fintech offerings. Since our inception in April 2021, we have strategically combined organic and inorganic growth to develop a clear vision and execution model, underpinned by operational excellence and strategic building blocks to cater to real estate consumers and enterprises. A 650+ strong passionate team, who live and breathe PropTech is energized to demonstrate scale and depth with strong business fundamentals. As Aurum PropTech continues its journey toward achieving INR 1,000 crore in revenue, fuelled by our Rental, Distribution, and Capital offerings, I am excited to witness the technology-driven transformation of Real Estate, making it truly Future Ready.”
