Early Life
Jitendra Virwani was born in Mumbai and was exposed to the construction business at a young age through his father's company. He began his career in the construction industry, learning the intricacies of the business from the ground up. Despite initially attending college, he found his passion lay in the practical aspects of real estate development, often working on-site and familiarizing himself with all aspects of the business.
Rise to Success
In 1993, Virwani founded Embassy Group, with a vision to create innovative and sustainable spaces. He focused on developing office spaces and integrated business parks, recognizing the growing demand for commercial real estate in India. His early projects, like Embassy Square and Embassy Point, established his reputation in the Bangalore real estate market. Virwani's strategic foresight led him to establish India's first Real Estate Investment Trust (REIT) with Blackstone in 2019, a landmark achievement that significantly boosted his profile and the growth of Embassy Group.
Key Business Strategies
Virwani's success is rooted in several key strategies. He focused on building long-term relationships with multinational tenants, such as Google, IBM, and Microsoft, by providing high-quality, service-oriented office spaces. He adopted a "rent-not-sell" approach, creating a steady revenue stream that insulated the company from market fluctuations. Furthermore, Virwani emphasized sustainable practices and integrated green building principles into his projects. In March 2025, Virwani was appointed chairman of listed realty player, Embassy Developments, while his son Aditya was named managing director.
Philanthropy
Virwani is committed to corporate social responsibility and has initiated various programs aimed at enhancing the quality of life in the communities surrounding his projects, with a focus on education and environmental conservation. He founded the Stonehill International School and supports educational initiatives to improve standards in India. His commitment extends beyond business, promoting initiatives that contribute to societal well-being.