Chetan R. Shah โ€” Chairman and Managing Director of Marathon Nextgen, Pragmatic CEO

Chetan R. Shah

#880
Chairman and Managing Director
70
Age
35y
Exp
30y
Tenure
6/10
Risk
๐ŸŽ“ B.Tech. Civil Engineering ยท IIT Bombay
๐Ÿ“œ M.S. Structural Engineering ยท University of Houston
๐Ÿ›๏ธ IIT
CompensationTBP
Personality
Openness โ€” Creativity, curiosity, willingness to try new ideasOpenConscientiousness โ€” Discipline, organization, attention to detailConscExtraversion โ€” Social energy, assertiveness, enthusiasmExtraAgreeableness โ€” Cooperation, trust, empathyAgreeNeuroticism โ€” Emotional sensitivity, stress reactivityNeuro
5
Open
6
Cons
5
Extr
5
Agre
4
Neur
Marathon Nextgen
Marathon Nextgen
Real Estate ยท Small Cap
Pace โ€” Speed of execution and decision-making intensityPaceInnovation โ€” Appetite for disruption vs incremental improvementInnovCulture โ€” Organizational culture type and valuesCultrEfficiency โ€” Operational and capital efficiency focusEfficPurpose โ€” Balance of profit motive vs social missionPurpsBrand โ€” External brand positioning and market perceptionBrand
High Growth ยท Founder-Centric
About
Chetan R. Shah is the Chairman and Managing Director of Marathon Nextgen, a Small Cap company in the Real Estate sector with a market cap of โ‚น3K Cr. A Pragmatic leader with 35 years of experience, he is known for consensus-driven decision-making and organic builder strategy. Focuses on established real estate development cycles in Mumbai with a reliance on long-term project execution rather than radical pivots.
FAQ
What is Chetan R. Shah's leadership style?
Chetan R. Shah is classified as a Pragmatic leader. He is consensus-driven in decision-making, with a dynasty builder motivation and seasonal-burst pace of execution.
What is Chetan R. Shah's educational background?
Chetan R. Shah holds a B.Tech. Civil Engineering from IIT Bombay and a M.S. Structural Engineering from University of Houston.
Who is the CEO of Marathon Nextgen?
Chetan R. Shah is the Chairman and Managing Director of Marathon Nextgen. He has been with the company for 30 years and in the current role for 20 years.

Leadership DNA

ArchetypePragmatic
MotivationDynasty Builder
CrisisSteady Hand
DecisionConsensus-Driven
GrowthOrganic Builder
PeopleRelationship Led
InnovationTraditionalist
PaceSeasonal-Burst
PurposeProfit-Pure
CustomerPremium-Niche
EmployerSteady Employer
BrandTrusted
FocusOperational Excellence
OrientationDeep Specialist

Leadership Evidence

โ€œFocuses on established real estate development cycles in Mumbai with a reliance on long-term project execution rather than radical pivots.โ€
โšก Crisisโ—โ—โ—โ—‹โ—‹
Marathon Nextgen has historically maintained a focus on steady, phased project execution in the Mumbai real estate market rather than aggressive pivot or divestment strategies during sector downturns.
๐ŸŽฏ Motivationโ—โ—โ—โ—โ—‹
Chetan R. Shah represents the multi-generational leadership of the Marathon Group, which has been family-run since its inception in 1969 with a focus on long-term legacy preservation.
๐Ÿ‘ฅ Peopleโ—โ—โ—โ—‹โ—‹
The company maintains a culture centered on long-term stability and internal continuity, reflecting the traditional values of a family-managed real estate enterprise.
๐Ÿ“ˆ Growthโ—โ—โ—โ—โ—‹
The company's growth has been defined by the consistent development of its own land bank and the execution of residential and commercial projects in Mumbai rather than major M&A activity.
๐Ÿ’ก Innovationโ—โ—โ—โ—โ—‹
The company focuses on established real estate development models in the Mumbai Metropolitan Region with a long-standing emphasis on residential and commercial projects.
๐Ÿƒ Paceโ—โ—โ—โ—โ—‹
Real estate development cycles are inherently project-based, leading to revenue recognition patterns tied to construction milestones and project completion phases.
๐ŸŒฑ Purposeโ—โ—โ—โ—‹โ—‹
The company's disclosures prioritize financial performance and project delivery metrics typical of small-cap real estate developers.
๐Ÿท๏ธ Brandโ—โ—โ—โ—‹โ—‹
The brand leverages a multi-generational legacy in the Mumbai real estate market to build credibility with homebuyers and institutional partners.
๐Ÿค Customerโ—โ—โ—โ—โ—‹
The company targets the aspirational urban segment in Mumbai with high-rise residential developments and premium commercial spaces like Marathon Futurex.
๐Ÿ’ผ Employerโ—โ—โ—โ—‹โ—‹
As a mid-to-small cap developer, the company offers a stable, project-oriented work environment focused on regional execution.
๐Ÿ“‹ Mandate
Leveraging urban redevelopment opportunities requires visionary leadership to scale footprint in the competitive Mumbai real estate market.
๐Ÿข Cultureโ—โ—โ—โ—‹โ—‹
Family-run real estate business with the Chairman deeply involved in local market strategy and project development lifecycle decisions.

Financials

Revenue FY25โ‚น555 Cr
PAT FY25โ‚น187 Cr
Rev CAGR 5Y21.9%
OPM30.7%
NPM33.6%
ROE15.7%
ROCE10.7%
P/E10.4
Fwd P/Eโ€”
P/B1.2
D/E2.7
Promoter62.6%
Institutional14.1%
Mkt Capโ‚น3K Cr
Compensation
To Be Published
Data being verified from audited reports