Runwal Names Rakesh Setia as Chief Executive Officer

Runwal Appoints Rakesh Setia as Chief Executive Officer

Rakesh Setia has joined Runwal Enterprises as Chief Executive Officer for the premium and luxury segment and will oversee sales, marketing and customer relationship management for the entire group including townships and mid-premium segments. Based at the company's corporate headquarters in Sion, Mumbai, the appointment marks a significant leadership addition as the developer focuses on its luxury portfolio expansion.

Background and Track Record

Setia brings over three decades of experience across business operations, strategy, P&L management, and sales and marketing, having worked with global and Indian brands including Kodak, Reebok, Luxor, Hutchison, Idea Cellular and Vodafone Idea Limited. He stepped down as President of Sales and Marketing at Keystone Realtors (Rustomjee) after a seven-year tenure, during which he scaled pre-sales from Rs 1,000 crore to Rs 4,000 crore.

Strategic Positioning for Runwal

The appointment comes at a time when the luxury housing segment has shown resilience as broader market conditions fluctuate, with buyers becoming more informed and brand trust carrying increased weight. The hiring appears to reflect a calculated move to bring in a leader with cross-sector experience and a track record in customer-centric roles.

About Runwal Realty

Runwal Realty, formally Runwal Developers Limited, is a Mumbai-based real estate developer founded in 1978 by Subhash Runwal, headquartered in Sion, and operates across residential, commercial and organised retail verticals with presence across Mumbai, Thane and Pune. The company has delivered 35 completed projects spanning 11.22 million square feet. Among its landmark developments is R City Mall at 1.2 million square feet with 250+ leading brand stores, recognised at the Mapic India Shopping Centre Awards.