Mahesh Shetty
ILE CEO Mahesh Shetty, a visionary who foresaw the potential of residential real estate investments, laid the foundation for ILE approximately four years before its establishment. His collaboration with the veteran investors he had known for many years led to the creation of a robust, operations-driven investment platform. After meticulous planning and countless strategy sessions, ILE was born, a testament to Mahesh's leadership and strategic acumen.
Industry experts and media outlets alike have consistently recognized Mahesh's exceptional leadership. He has been hailed as the top corporate executive in Dallas by DMagazine and was recently honored as a Most Admired CEO by the Dallas Business Journal. In April 2024, his outstanding contributions to corporate governance was also acknowledged with the prestigious Constantine' Connie' Konstans Award for Excellence.
Mahesh’s impactful leadership, vast knowledge, and experience in managing multi-million-dollar projects are widely recognized, inspiring others in the industry.
With a proven track record in financial management, Mahesh served for four years as the nominee of a hedge fund in two separate companies. As Director, President, and Chief Financial Officer of SG Blocks, Inc. (NASDAQ: SGBX), a NASDAQ modular construction company, he led the company to a NASDAQ listing in less than a year, supported the growth of the company’s backlog by 700% and implemented systems to support revenue growth of 250% and 160% in 2017 and 2018, respectively. In his role as Chief Restructuring Officer & Board Advisor at PFO Global, Inc. (OTC: PFGBQ), a manufacturer and commercial provider of advanced prescription lenses, he successfully reduced $1 million in operating costs and raised $5 million in convertible debt, demonstrating his financial acumen and ability to drive growth.
Mahesh's tenure at Encore Enterprises, Inc., a private real estate investment firm with over $750 million in assets, was marked by significant achievements. He oversaw senior management responsibilities for finance, risk management, human resources, and technology, and was directly involved in over $800 million in equity and debt placements for development and acquired projects. His leadership was instrumental in growing company assets by 1000% over eight years and completing over $1.5 billion in transactions. His implementation of cloud technology systems and risk management solutions resulted in combined annual savings in excess of $3.5 million.
Mahesh started his career in a Big 4 public accounting firm and, earlier in his career, worked in senior finance and operations roles with North American Technologies (NASDAQ: NATK), Excel Telecom, and Xerox (NYSE: XRX).
Mahesh’s broad leadership capability extends to other roles: Mahesh was head of the Board Finance Committee for Mothers Against Drunk Driving (MADD), a member of the Audit Committee for the National Board of Financial Executives International (FEI), the President of the Dallas Chapter of FEI, the Chairman of the US India Chamber of Commerce (DFW), board advisor of EZlytix LLC, a private cloud-based business intelligence software company and the Founder/board member of B.I.G. Logistics, LLC, a Texas-based logistics company.
A Certified Public Accountant, Mahesh received his M.B.A. (summa cum laude) from the University of Texas, Dallas, and earned a bachelor’s degree from Osmania University, India. He is a Certified Information Technology Professional, a Chartered Global Management Accountant, and a Fellow Chartered Accountant.