Corporate Appointment
Hubtown Appoints Vijayalakshmi Jayaraman Iyer as Deputy CHRO
Mumbai-based developer Hubtown Limited has named Vijayalakshmi Jayaraman Iyer as Deputy Chief Human Resources Officer (DCHRO). Trade press reported the appointment on 28 and 29 October 2026, and the move concerns the company's people function rather than any project, price or approval.
| Company | Hubtown Limited, a Mumbai-based real estate developer formerly known as Ackruti City Limited, listed on BSE and NSE |
|---|---|
| Appointee | Vijayalakshmi Jayaraman Iyer |
| New role | Deputy Chief Human Resources Officer (DCHRO) |
| Reported on | 28 October 2026 (earliest trade listing) and 29 October 2026 |
| Previous role | Head of Human Resources at Nirmal Lifestyle Ltd; CHRO from December 2022, according to trade press |
| Stated HR experience | 19 years per one source; 20-plus years per another |
| Stated remit | Talent strategy, organisational effectiveness, employee engagement and culture as the company expands its development pipeline |
| Company track record | Over 15 million sq ft completed, including residential, office, IT park and SEZ projects, mainly in Mumbai |
What happened
Hubtown Limited has appointed Vijayalakshmi Jayaraman Iyer as Deputy Chief Human Resources Officer. Trade press carried the news on 28 October 2026 and again on 29 October 2026. The company's statement describes the role as supporting its people agenda while it continues to expand its development pipeline.
The appointment is an HR role. None of the reports tie it to a specific project, land deal, pricing change or regulatory approval.
Who she is
Iyer began her HR career with BIFM in July 2005 as a senior executive, human resources, and was promoted to assistant manager, HRD, in July 2006. She later worked in HR roles at Indiabulls Real Estate Company Private Limited and Labnics Equipment before joining Nirmal Lifestyle Ltd.
At Nirmal Lifestyle she spent more than 11 years and then moved into the chief human resources officer role in December 2022. Trade press describes her background as strategic HR management, talent acquisition, organisational development and workforce planning.
Sources differ on the length of her experience. One HR publication gives 19 years of HR leadership, while another says 20-plus years. Trade press also differs on the length of her CHRO tenure before the move, with reports citing both over three years and over three and a half years.
About Hubtown
Hubtown Limited, formerly Ackruti City Limited, describes itself as a Mumbai-focused developer with more than 40 years in the business. The company is listed on both BSE and NSE. It says it has completed over 15 million square feet of projects, including residential, office, IT park and SEZ developments.
The FY2025 disclosure names Hemant M Shah as Executive Chairman, Vyomesh M Shah as Managing Director, Sunil Mago as Chief Financial Officer and Shivil Kapoor as Company Secretary and Compliance Officer. The board approved Kapoor's appointment at its meeting held on 13 March 2025.
A third-party financial profile reports 2025 revenue of ₹387.19 crore and a net worth of ₹2,641.28 crore. These are not audited filing figures.
Other recent HR leadership change
Hubtown has also named Anuj Nath Galgotia as Chief Human Resources Officer. Trade press reports he joins from DB Realty, where he had served as group CHRO from September 2024. Galgotia's appointment and Iyer's deputy role are part of the same people function, though reports do not describe how the two roles divide responsibilities.
What it means for buyers and investors
For home buyers, the appointment does not change any project's price, approvals or possession schedule, based on the reports available. For investors, it is a management-level change at a listed developer. It does not change the company's financials, portfolio or capital position.
Hubtown's recent Mumbai activity includes RERA approval for Tower 4 of its 25 Downtown project in Mahalaxmi, which completes the registration of all four towers. That approval is a separate matter from this appointment.
What comes next
The company says the new role will support its people agenda as it continues to expand its development pipeline. No reporting line or further HR appointments are described in the reports available as of 1 November 2026.
Frequently asked questions
Who has Hubtown appointed as Deputy CHRO?
Hubtown Limited has appointed Vijayalakshmi Jayaraman Iyer as Deputy Chief Human Resources Officer. Trade press reported the move on 28 and 29 October 2026.
What was her previous role?
Before joining Hubtown she was Head of Human Resources at Nirmal Lifestyle Ltd. Trade press says she became chief human resources officer there in December 2022. Earlier roles included HR positions at Indiabulls Real Estate Company Private Limited, Labnics Equipment and BIFM.
What will the role cover?
The company says the role will support talent strategy, organisational effectiveness, employee engagement and culture as Hubtown expands its development pipeline.
Does this change anything for home buyers?
The appointment is an HR move. The reports do not link it to any project's price, approvals or possession timeline.
Who is Hubtown's CHRO?
Trade press reports that Hubtown has named Anuj Nath Galgotia as CHRO. He joins from DB Realty, where he was group CHRO from September 2024.