Reetu Gupta has been named chairwoman and ambassadress of The Gupta Group, taking the helm of the privately owned family business with more than $1 billion in assets and more than 3,000 employees across the company’s holdings in real-estate development, hospitality, venture capital and mining. She will be succeeding her father, Dr. Steve Gupta, who she has worked closely with for more than two decades. Dr. Gupta will hold the position of executive chairman.
In her new role, Gupta will lead strategic planning and philanthropic initiatives across all of the company’s divisions. She will also work towards bolstering the Canadian economy by creating new jobs, leveraging her network to improve international trade relations, funding innovative start-ups and further developing residential, commercial and hospitality infrastructure.
“This organizational shift is an incredible milestone in our company’s history as I officially pass the reins to Reetu who will drive the long-term vision for the company and our growing portfolios,” says Dr. Gupta. “Reetu has a proven track record as an accomplished leader – she’s not only a visionary who’s passionate about the growth of our business but she is committed to leading the company’s charitable initiatives through unwavering compassion for others at home and abroad. I am proud to see her transition into this role, and I have full confidence in the excellence she will deliver for years to come.”
Gupta will guide acquisitions, partner relations, and overall strategy for The Gupta Group Developments, Rogue Insight Capital and Easton’s Group of Hotels. Currently The Gupta Group has 18 hotels in the portfolio with an additional seven under development.
Ongoing notable developments include The Rosedale on Bloor featuring Canada’s first Canopy Hotel by Hilton (slated to open September 2022) and a Curio by Hilton Hotel, another first for Canada, marking the last remaining heritage building to be repurposed in Toronto’s historic Distillery District (construction anticipated to begin in Fall 2022).