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Management

Teamwork is the Heart & Soul of Our Achievements

- Ajay Ashar , CMD , Ashar Group

Mr. Ajay Ashar is a man of his words and holds himself to high standards. A state-level Cricket player in his early days and an advocate by qualification, his desire to create something innovative and earth solid soon drove him towards the real estate field.

As a Vice President of CREDAI-MCHI Thane and Chairman & Managing Director of Ashar Group – Mr. Ajay Ashar hopes to place Thane on the global map one day.

Over the past 21 years, Mr. Ashar has transformed the Ashar Group into a brand synonymous with trust, quality and on-time delivery across various real estate verticals such as Residential and Commercial Construction, Education, Retail, IT parks and Infrastructure Developments.

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Teamwork is the Heart & Soul of Our Achievements

- Ms. Ayushi Ashar, Director, Ashar Group

Ayushi Ashar represents the second generation of Ashar Family. She joined the business in 2018 after completing her BBA in Finance from Emory University’s Goizueta Business School in Atlanta, USA. Her quest for knowledge led her to pursue multiple opportunities at JP Morgan Chase in New York City, along with a Private Equity and Venture Capital Fund in Atlanta. Her desire to create value through real estate developments and contribute to Ashar’s growing pipeline brought her back to Mumbai.

Ayushi heads business development, sales, marketing and strategy, and firmly believes that the company’s responsibility is to create value for all stakeholders involved. Clear long term vision, commitment to all stakeholders, unwavering hard work, youthful energy and sound financial modeling – are fundamental to her thought process. She hopes to create game-changing real estate solutions over the coming years.

She is also a part of the managing committee of CREDAI-MCHI for the year 2023 – 2025 and CREDAI-MCHI youth wing. Along with being a strong proponent of a millennial-friendly and gender-neutral workplace culture. In addition, she is an influential thinker who favours social work in the field of sustainability, urban planning, education and healthcare. Since collage, Ayushi is immersed in the entrepreneurial and start-up ecosystem and continues to pursue opportunity in the angel investing space. She has a passion for art and is trained in Kathak, and Indian classical dance form, for 12 years.

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Teamwork is the Heart & Soul of Our Achievements

- Ms. Seema Jobanputra, Director, Ashar Group

Ms. Seema Jobanputra, the Director of Ashar Group, holds a Bachelor of Commerce degree from the Somaiya College of Science & Commerce, Mumbai. She’s been in the real estate sector for as long as 2.5 decades & is associated with Ashar Group since its inception i.e. from 2001.

Since then, with her ambitious nature, charismatic personality, and visionary outlook, she has managed to reach the position of Director. She has grown to hold the Procurement, HR & Admin departments at the Company.

She is also responsible for monitoring the overall working of the company and instrumental in making strategic decisions.

Furthermore, Ms. Seema Jobanputra is part of Smt. N.S.J Charitable Medical Centre Hospital.

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    MR. AJAY ASHAR
    • Chairman and Managing Director, Ashar Group

    Mr Ajay Ashar is a veteran leader in the real estate industry, known for shaping not just skylines, but the way cities evolve and communities thrive.

    As the Founder and Chairman & Managing Director of Ashar Group, he set out in 2001 with a vision that extended far beyond construction to create spaces that bring together people, purpose, and progress. Over the past 25 years, this vision has translated into over 30 million sq. ft. of development across Mumbai Metropolitan Region, spanning residential, commercial, retail, education, IT parks, and infrastructure. Equally influential beyond business, Mr. Ashar has emerged as a respected industry voice and policy contributor, having served as former Vice Chairman of the Maharashtra Institute for Transformation (MITRA), President-Elect of CREDAI-MCHI Mumbai (2021-2025) and President of MCHI Thane, where he played a pivotal role in key reforms including UDCPR 2034.

    Guided by a vision for holistic urban development, Mr. Ashar has been instrumental in transforming Thane into a dynamic growth hub. He developed Ashar IT Park, the city’s largest IT hub, generating over 80,000 jobs, and introduced Thane’s first international school, impacting over 5,000 students. His developments today anchor over 250 corporate and 200 retail brands, creating thriving ecosystems that go beyond real estate to enable economic and social growth.

    Deeply committed to social impact, Mr. Ashar has championed accessible healthcare and social infrastructure as Chairman & Managing Trustee of the Mahavir Jain Trust, under which Shree Mahavir Jain Hospital has emerged as a trusted, healthcare institution in Thane – among the only hospitals to perform complex organ donation surgeries. Rooted in a strong spiritual ethos, he built Trimandir Thane, an inclusive spiritual destination that brings together diverse paths of devotion. Expanding this commitment further, he is spearheading the development of the Dharmaveer Anand Dighe Cancer Hospital in partnership with Tata Memorial and Thane Municipal Corporation, set to redefine affordable, world-class oncology care at scale.