Narahari Rao Elevated to CEO at MRG Group

APPOINTMENT

Narahari Rao has been elevated to the position of Chief Executive Officer at MRG Group.

Narahari has previously served as the Group’s Chief Financial Officer, bringing over 20 years of experience in financial strategy, business planning, and cross-functional leadership. His promotion to CEO reflects MRG’s commitment to growth, operational excellence, and sustained value creation.

Since joining MRG, Narahari has played a crucial role in strengthening financial systems, enhancing governance, and aligning capital deployment with business priorities. He has led initiatives to optimize costs, improve profitability, and ensure strong cash flow management, particularly supporting the Group’s hospitality and real estate ventures.

Commenting on his elevation, Narahari Rao 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 the 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,” he added.