MUMBAI: In a significant leadership announcement, Hari V. Krishnan has decided to step down as CEO of the Singapore-based PropertyGuru group after nearly a decade of remarkable growth and innovation.

Reflecting on his tenure, Hari highlighted key milestones such as achieving market leadership across regions, expanding into Vietnam, forming a transformative partnership in Malaysia, and leading the company’s public listing on the NYSE.

Hari’s leadership also saw the incubation of new businesses and solutions, multiple funding rounds, and the recent strategic partnership with EQT Group wherein the Swedish  alternative investment firm acquired it at a valuation of $1.1 billion and delisted it from the NYSE. He will transition into the role of senior advisor to the board once a new CEO is in place.

PropertyGuru announced that Lewis Ng will take over as CEO in March. With a robust background at global firms such as Seek, TripAdvisor, and Apple, along with prior experience at PropertyGuru, Lewis is poised to lead the company into its next growth phase. Trevor Mather will join as chairman, bringing extensive experience from AutoTrader and Thoughtworks, alongside new board members Janice Leow and Ed Williams.

Hari expressed gratitude to stakeholders, reflecting on his journey of empowering communities to thrive and expressing confidence in the company’s future under new leadership.

Prior to heading the PropertyGuru group,  Hari was a well-known executive in India as  Linkedin vice president & MD, Asia Pacific & Japan before that  country manager for India. He began his career wih Ciso as a product manage/ customer support engineer based in San Jose, moving onto assignments with Yahoo India, travelguru, Myspace, and then Linkedin. He is a mentor and investor in several startops.