Housing and Urban Development Corporation Limited (HUDCO) got a new chief. Dr Medithi Ravi Kanth, a 1986 batch IAS officer of Kerala cadre took over as the chairman & managing director (CMD) of the PSU. Before joining HUDCO, Ravi Kantha was the CMD of Projects & Development India Limited (PDIL) on absorption basis. PDIL is a Miniratna PSU under the Ministry of Chemicals & Fertilizers. He also served as principal secretary to Government of Kerala and joint secretary, Ministry of Power, Government of India, New Delhi. He succeeded senior IAS VP Baligar at HUDCO.
A brilliant student, Dr. M. Ravi Kanth did his M.A in Economics and Ph.D. (Agri-Exports) from Andhra University and also completed his L.L.B. from Delhi University. Later he went on to pursue his MBA (Finance) from Melbourne, Australia and gave his career a solid foundation.