Shriram Properties Limited has announced the appointment of Ramesh Narain Parbat as an Additional Director and Non-Executive Independent Director for a five-year term, effective November 5, 2026, subject to the approval of the shareholders. The move follows recommendations by the Nomination and Remuneration Committee and reflects the company’s emphasis on strengthening its governance with seasoned governance and policy experience.
Parbat brings a long and distinguished career in tax policy and administration, having served as a former Member (Legislation) of the Central Board of Direct Taxes (CBDT), Ministry of Finance, Government of India. In his tenure with the CBDT, he spearheaded the drafting of the Income-tax Act, 2025 and led notable initiatives in direct tax policy, legislation and international taxation, including the signing of a record 174 Advance Pricing Agreements during FY 2024-25. His expertise spans tax policy, legislation, international taxation, investigation, assessment, litigation and tax administration.
His profile also highlights leadership roles across the Tax Department, including Director General of Income Tax (Investigation) in Uttar Pradesh and Uttarakhand, Chief Commissioner of Income Tax in Bengaluru and Ahmedabad, Principal Commissioner of Income Tax in Bengaluru, and Commissioner of Income Tax (Appeals) in Vadodara. With a background in civil engineering from IIT (BHU), Varanasi, and an LL.B. from Mumbai University, Parbat brings a blend of policy acumen and practical tax administration experience to Shriram Properties’ board as it advances its growth and governance agenda.