Sujay Kalele.
Quietly building useful things that don't need to be loud to matter.

Founder of TRU Realty, TREOS & Infradawn Capital — three companies working on the development, technology, and capital sides of Indian real estate. Two decades of operating across software, capital markets, and listed real estate.

Currently building TRU Realty, TREOS & Infradawn Capital · Between Mumbai & Pune
About

The short version.

Sujay Kalele

I'm the founder of TRU Realty, a real estate development firm headquartered in Mumbai. We were featured in the Forbes DGEMS 200 list for 2025, and the team is now 100+ people strong.

Before TRU, I spent fifteen years operating inside other people's companies. Mechanical engineering at the Government College of Engineering, Pune. Three years writing code at Infosys. An MBA from the Indian School of Business in Hyderabad. Three more years at Jones Lang LaSalle as AVP, Capital Markets — which is where the real estate thread started. Then six years as CEO of Kolte-Patil Developers Limited, learning what it actually takes to run a listed developer through cycles.

I started TRU in 2018 because I wanted to build a company where the operating philosophy was a choice, not an inheritance. Most companies overcomplicate the work and underestimate the team. I try to do the opposite.

Today I'm building three companies in parallel: TRU Realty for real estate development, TREOS — a proptech startup aimed at disrupting how real estate operates — and Infradawn Capital, an alternative investment fund focused on making flexible capital available for real estate development. Three angles on the same industry: build, software, and money.

Alongside, I write and speak across India's business press — mostly on climate-resilient development, the shift between premium and mid-segment housing, and the regulatory cycles (RERA, the new labour codes) reshaping the next decade for both buyers and builders.

Off the clock: long runs, short books, slow coffee.

Now

What I'm on this season.

A current snapshot. Refreshed when something meaningful changes.

Selected Work

A few things worth pointing at.

TRU Realty — Founder & CEO 2018 — now

Mumbai-headquartered real estate development. Featured in the Forbes DGEMS 200 list for 2025. Team of 100+ and growing — built on ownership, adaptability, and collective responsibility.

TREOS — Founder 2017 — now

A proptech startup rebuilding the software layer of how real estate operates. Older than TRU by a year, and shaped by everything I've since learned running the operating side.

Infradawn Capital — Founder 2025 — now

An alternative investment fund (AIF) focused on flexible capital for real estate development. Built to fix a specific gap I kept seeing as both a developer and a former capital markets operator.

Kolte-Patil Developers Limited — CEO 2010 — 2016

Ran a publicly listed real estate developer through six years of cycles. The job taught me what it takes to lead through hard quarters — and how a culture either holds or doesn't when it's tested.

Jones Lang LaSalle — AVP, Capital Markets 2007 — 2010

Where the real estate thread started. Capital markets work taught me how money sees this industry, before I went and operated inside it.

Infosys Technologies Limited — Software Engineer 2003 — 2006

My first job out of engineering. Three years writing code and learning what it takes to ship software — a foundation that became surprisingly relevant when proptech became a thread two decades later.

Giving Back

A few things I've quietly backed.

Smaller efforts, longer time horizons. The kind of work that doesn't fit on a balance sheet but sits well at the end of a year.

Media & Recognition

A few places I've shown up.

Profiles, authored pieces, panels, and selected commentary across the press over the last year or so.

Profiles & interviews
Authored articles
Panels & podcasts
Selected commentary
Contact

Let's talk.

Email is best. I read everything and reply to most things — eventually.