MAM
Angel Broking’s Prabhakar Tiwari re-designated as chief growth officer
Mumbai: Angel Broking has further fuelled its growth by re-designating CMO Prabhakar Tiwari as the new chief growth officer. In his new role, Tiwari will now also head sales at Angel along with marketing. He will be responsible for both client acquisition and sales transformation.
An IIM Bangalore alumnus, Tiwari has led Angel Broking’s marketing transformation since 2019. He has played an instrumental role in expanding the brokerage house's visibility through several award-winning campaigns along with a strong focus on performance marketing and technological integrations such as leveraging web and app analytics and AI/ML based retargeting campaigns. Under his leadership, some notable campaigns include ‘#DontBeAChomu’, ‘#ShagunKeShares’, ‘Aage Badhne Ka Smart Sauda’, and ‘Ek Nayi Shuruaat’. He has previously also held key positions across several leading consumer and digital companies such as Marico, CEAT and PayU.
Tiwari said, “I strongly believe that only high-tech interventions coupled with relevant KPIs must justify any business effort. It is precisely what we have done in marketing and achieved phenomenal results on the ground. Today, it is a moment of pride and resolve for me, as I’m being handed over additional responsibilities of sales and sales transformation. I look forward to leading the next phase of rapid growth towards the market leadership.”
Angel Broking CEO Vinay Agrawal said, “Prabhakar is a strategic fit for this role as he is focused while devising and executing business plans. His data driven approach has added considerable value to our ongoing efforts of growing the business. I am confident that Prabhakar will be pivotal in unlocking the next phase of growth at Angel Broking, especially as we eye the pole position.”
Angel Broking CMD Dinesh Thakkar, said, “At Angel Broking, Prabhakar has built a distinct candidature with his attention to detail and a ‘never say never’ attitude. His working style is unique. He always keeps his team high-spirited and driven towards actionable goals. Still, we believe his true potential is yet to be tapped and are happy to announce his re-designation as chief growth officer.”
The brokerage house is making advances into tier-2, tier-3 and beyond cities – while also receiving footfall of millennials from urban regions. It has recently launched several millennial-centric offerings including smart money (education), smartAPI (automated trading), international investing in partnership with vested and ARQ prime (investment engine) alongside others.
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Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
