Lemon Tree Hotels announced key management changes on Friday (September 26), effective October 1. Patanjali Govind Keswani will assume the role of executive director and chairman for a term of 18 months, stepping down from his position as managing director on September 30, 2025.
According to the exchange filing, Keswani, an IIT Delhi graduate with a PGDM from IIM Calcutta, co-founded Lemon Tree Hotels in 2002 and has led it to become India’s largest midmarket and upscale hotel chain. Under his leadership, the company went public on April 9, 2018, setting new benchmarks in India’s hospitality sector.
Neelendra Singh has been appointed as managing director for a five-year term. Singh holds a B.Sc. (hons) in chemistry from Kirori Mal College, Delhi, and a PGDM from IMT Ghaziabad. He has over 26 years of leadership experience, having previously held senior positions at Adidas India, Arcus, Hutchison, and Shoppers Stop.
Kapil Sharma has been named executive director and chief financial officer for five years. A chartered accountant with a commerce degree from Hansraj College, Sharma has been with Lemon Tree Hotels since 2004, overseeing finance, technology, procurement, legal, and secretarial functions.
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Shares of Lemon Tree Hotels ended lower on Friday (September 26) by 1.90% at ₹166.30 on the NSE.
(Edited by : Shoma Bhattacharjee)
