REAL ESTATEGAMING Hospitality REAL ESTATEGAMING Hospitality

I t P t tiInvestor Presentation

1

DisclaimerDisclaimerCertain statements made in this presentation may not be based on historical information or facts and may beCertain statements made in this presentation may not be based on historical information or facts and may be“forward looking statements ” including those relating to general business plans and strategy of Delta Corp“forward looking statements,” including those relating to general business plans and strategy of Delta CorpLimited its future outlook and growth prospects and future developments in its businesses and its competitiveLimited, its future outlook and growth prospects, and future developments in its businesses and its competitiveand regulatory environment Actual results may differ materially from these forward looking statements due toand regulatory environment. Actual results may differ materially from these forward‐ looking statements due toa number of factors including future changes or developments in the Company's business its competitivea number of factors, including future changes or developments in the Company s business, its competitiveenvironment its ability to implement its strategies and initiatives and respond to technological changes andenvironment, its ability to implement its strategies and initiatives and respond to technological changes andpolitical economic regulatory and social conditions in India This presentation does not constitute apolitical, economic, regulatory and social conditions in India. This presentation does not constitute aprospectus, offering circular or offering memorandum or an offer to acquire any shares and should not beprospectus, offering circular or offering memorandum or an offer to acquire any shares and should not beconsidered as a recommendation that any investor should subscribe for or purchase any of the Company'sconsidered as a recommendation that any investor should subscribe for or purchase any of the Company sshares. Neither this presentation nor any other documentation or information (or any part thereof) delivered orp y ( y p )supplied under or in relation to the shares shall be deemed to constitute an offer of or an invitation by or onpp ybehalf of the Company.p yThe Company, as such, makes no representation or warranty, express or implied, as to, and does not accept anyThe Company, as such, makes no representation or warranty, express or implied, as to, and does not accept anyresponsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any informationresponsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any informationor opinions contained herein. The information contained in this presentation, unless otherwise specified is onlyp p , p ycurrent as of the date of this presentation. The Company assumes no responsibility to publicly amend, modifyp p y p y p y , yor revise any forward looking statements, on the basis of any subsequent development, information ory g y q pevents, or otherwise. Unless otherwise stated in this document, the information contained herein is based onmanagement information and estimates. The information contained herein is subject to change without noticeand past performance is not indicative of future results. The Company may alter, modify or otherwise change in

h f hi i i h bli i if f h i iany manner the content of this presentation, without obligation to notify any person of such revision orh Thi i b i d d di i d ichanges. This presentation may not be copied and disseminated in any manner.

THE INFORMATION PRESENTED HERE IS NOT AN OFFER FOR SALE OF ANY EQUITY SHARES OR ANY OTHERQSECURITY OF DELTA CORP LIMITED.

This presentation is not for publication or distribution directly or indirectly in or into the United States CanadaThis presentation is not for publication or distribution, directly or indirectly, in or into the United States, Canadaor Japanor Japan.

Th i l ff f i i f l i i h U i d S C d JThese materials are not an offer of securities for sale in or into the United States, Canada or Japan.2

ContentsContents

C S h tCompany Snapshotp y p

Industry OverviewIndustry Overview

Business AnalysisBusiness Analysis

Fi i l P fFinancial Performance

AnnexureAnnexure

3

Company SnapshotCompany Snapshot

4

Corporate HistoryCorporate HistoryAcquired 51% stake in Daman Hospitality (ThunderbirdAcquired 51% stake in Daman Hospitality (Thunderbird R t2011 12 Resort2011‐12Acquired 51% stake in Daman Entertainment (Casino Jackpot)

A i d 76% k i M l R P L d

p )

Acquired 76% stake in Marvel Resorts Pvt. Ltd. 2010 11 Acquired third off shore Casino i.e. Caravela2010‐11

Raised INR 2,855 Mn. (US$70 Mn.) through Private placement, ( $ ) g p

Demerged Textile businessDemerged Textile businessSt t d ti t ff h C i2008 10 Started operating two offshore Casinos2008‐10Acquired 35% stake in Advani Hotels and Resorts Ltd. Raised INR 833 Mn. (US$ 18.5 Mn.) through QIP( ) g

Entered into Real Estate business in East Africa Nairobi2007 08 Entered into Real Estate business in East Africa, NairobiRaised INR 1 230 Mn (US$ 27Mn ) through Private

2007‐08Raised INR 1,230 Mn. (US$ 27Mn.) through Private l tplacement 

Ventured into Gaming & Hospitality business2006 07 Ventured into Gaming & Hospitality business2006‐07

Started as a Textile and Real estate consultancy company1990 91 Started as a Textile and Real estate consultancy company 1990‐91

5

Delta Corp LimitedDelta Corp LimitedDelta Corp Limited (Delta Corp) is primarily engaged in two main lines ofDelta Corp Limited (Delta Corp) is primarily engaged in two main lines ofbusinessbusiness

G i d H i liGaming and Hospitalityg p yR l E t t i E t Af i N i biReal Estate in East Africa, Nairobi

Advantage of being an early entrant in both the businessesAdvantage of being an early entrant in both the businesses

i d h i l k h d b k h hListed on the National Stock Exchange and Bombay Stock Exchange with ag y gmarket capitalisation of over US$400 Mnmarket capitalisation of over US$400 Mn.

Largest gaming company in India (offering 725 gaming positions) and the onlyLargest gaming company in India (offering 725 gaming positions) and the onlylisted company in this spacelisted company in this space

Strong foundation of a visionary Promoter supported by a competentStrong foundation of a visionary Promoter supported by a competentt tmanagement team

Equity investment from reputed private equity and institutional investorsEquity investment from reputed private equity and institutional investorsi l di ICICI V d RARE E iincluding ICICI Ventures and RARE Enterprises.g p

6

Unique Business ModelUnique Business Model

Th li ff h i i GGaming &  • Three live offshore casinos in GoaGa g &E t t i t • One onshore (land based) casino in DamanEntertainment One onshore (land based) casino in Daman

I i i l li ddi i l i i D• In principle, license to setup an additional casino in Daman

• 35% stake in Advani Hotels & Resorts (India) Ltd35% stake in Advani Hotels & Resorts (India) Ltd

Hospitality • Acquired a 51% stake in Daman Hospitality (Thunderbird ResortHospitality q p y• Acquired a 76% stake in Marvel Resorts Pvt Ltd• Acquired a 76% stake in Marvel Resorts Pvt. Ltd.• All suite flotel “Floating hotel” to cater to our high rolling guests g g g g

E t Af i JV ith R li I d t i Li it dReal Estate • East Africa : JV with Reliance Industries Limited Real Estate

7

Delta’s StrengthDelta s Strength

I di ’ l t G iIndia’s largest Gaming company

State of the art gaming facilities and infrastructureState of the art gaming facilities and infrastructure

Robust financial track recordRobust financial track record

St B l Sh tStrong Balance Sheet

Well funded – Enabling Delta to capitalize on new opportunitiesWell funded – Enabling Delta to capitalize on new opportunities

Backed by visionary promoters and focused management teamy y p g

8

Corporate StructureCorporate Structure

Delta Corp LimitedDelta Corp Limited 

100% 100% 100%100%

Delta Leisure and Delta Hospitality and  Delta Pan AfricaDelta Leisure and Entertainment Pvt. Ltd.

p yLeisure Pvt. Ltd.

Delta Pan Africa Ltd.Entertainment Pvt. Ltd. Ltd.

3 %100% 76% 51% 35%51% 40%

Advani HotelsAdvaniDaman Advani Hotels(Ramada

Advani PleasureMarvel Resort

Highstreet Cruises  Real Estate Daman 

Entertainme (Ramada Caravela)

Pleasure Cruise

Marvel Resort&Entertainment Kenya

Entertainment Pvt Ltd Caravela)Cruise  y

100%nt Pvt. Ltd

100%51%

Victor DHPL

51%

Hotels  DHPL(Thunderbirdand Motels (Thunderbird Resorts)Resorts)

76%76%

HorseshoeCasino Casino Marvel ResortsCasinoHorseshoeCasino

Casino Royale

Casino Caravela

TBN (Holiday Inn)Casino JackpotCasinoRoyale Caravela ( y )Jackpot

Gaming Hospitality Real EstateGaming Hospitality Real Estate

9

ShareholdingShareholdingNRIsNRIs0 62%0.62%

IndividualIndividualh h ldShareholders35.83%

Promoters44.18%

ICICI VenturesICICI Ventures%7.16%

InstitutionsOther Body Corporate0.95%

y p11.26%

As on 31st Mar 20110 95%11.26%

As on 31 Mar 2011

10

Industry OverviewIndustry Overview

11

Gaming in IndiaGaming in India

L tt ti k t f th ‘ ’ i k b i i di bl d !Lottery tickets – for the ‘masses’ Cricket betting – in Indian blood !g

$ bIndustry $1.5bn Industry valued at wagered invalued at  wagered in 

W ld$12 5bn one World $12.5bnCup matchp

H R i f th ‘ t’Horse Racing – for the ‘upper crust’ BUT.. A Casino ?U .. Cas o ?

Annual AnnualAnnual  Annual turnover  turnover>$250m

turnover <$50>$250m  <$50m

12

Robust Gaming GrowthRobust Gaming GrowthDelta Corp is the leading Indian gaming operator looking to tap the enormousDelta Corp is the leading Indian gaming operator looking to tap the enormouspotential of the Indian marketpotential of the Indian market

Indians already have a high inclination towards gamblingIndians already have a high inclination towards gambling

Rising income levels and favorable demographicsRising income levels and favorable demographicsIndia has a very young population with a median age of just 25 yearsy y g p p g j y

Th I di l ti h t i i th h liThe younger Indian population has more exposure to casino gaming through onlinegaming sites as well as social networking sitesgaming sites as well as social networking sites

Macau and Singapore testaments to the Asian tendency towards gamblingMacau and Singapore testaments to the Asian tendency towards gamblingMacau gaming revenues (USD Bn.)LV Strip gaming revenues(USD Bn.)

60%20 015 0%8 0

g g ( )p g g ( )

50%

60%18.020.0

10.0%

15.0%7.08.0

50%

14 016.0

5.0%

10.0%

5 06.0

40%12.014.0

0.0%

5.0%

4.05.0

30%8 0

10.0-5.0%

%3.0

20%6.08.0

-10.0%1 02.0

10%4.06.0

-15.0%0.01.0

0%0 02.0

002

003

004

005

006

007

008

009

TD 0%0.02005 2006 2007 2008 2009 2010

20 20 20 20 20 20 20 20 0 Y

T

2005 2006 2007 2008 2009 2010 YTD20

1

Gaming revenues YoY growthGaming revenues YoY growth

Gaming revenues YoY growth

h 13Source: Research Report

Goa – The beach capital of IndiaGoa – The beach capital of IndiaGoa is famous for its beaches and its coastline stretches across 131km1 ofGoa is famous for its beaches and its coastline stretches across 131km oflandland

Goa attracts two million tourists in a yearGoa attracts two million tourists in a year

The annual expenditure made by tourists in Goa has been estimated at INRThe annual expenditure made by tourists in Goa has been estimated at INR15 81 Bn15.81 Bn.

Goa tourism generatesGoa tourism generates3 % f h ’ d i d13.7 % of the state’s net domestic productp7% of employment7% of employment

f7% of state tax revenues

Goa is fast evolving as India’s Gaming CapitalGoa is fast evolving as India s Gaming Capital6 Off h C i d 12 L d b d C i6 Offshore Casinos and 12 Land based Casinos

h // / b ? d1 http://www.goa‐tourism.com/abt_goa.asp?id=3 *

14* Various publications

Opportunities in GamingOpportunities in Gaming

S i L k P t ti l t dd t d lSri Lanka  – Potential to add tremendous value 

FIPB approval in APCCPLFIPB approval in APCCPL

New Horseshoe boat – a potential game changerNew Horseshoe boat  a potential game changer

C titi d t Th ff h iCompetitive advantage ‐ Three off shore casinos

First mover advantageFirst mover advantage

15

Business AnalysisBusiness AnalysisyGaming & EntertainmentGaming & Entertainment

HospitalityHospitality

Real Estate

16

Footprint (Gaming & Hospitality)Footprint (Gaming & Hospitality)

Y G iCasino

Year Location

Gaming Stat sCasino

Opened/AcquiredLocation

PositionsStatus

Opened/Acquired Positions

Horseshoe Casino 2011 Goa 1500 To commence in Jan 2012Horseshoe Casino 2011 Goa 1500 To commence in Jan 2012

Casino Jackpot 2011 Daman 1000 To commence in Oct 2011Casino Jackpot 2011 Daman 1000 To commence in Oct 2011

Casino Caravela 2010 Goa 190 OperationalCasino Caravela 2010 Goa 190 Operational

C i R l 2008 G 480 O ti lCasino Royale 2008 Goa 480 Operational

Kings Casino 2008 Goa ‐ To be replaced by Horseshoeg p y

YHotel

Year Location Rooms StatusHotel

Opened/AcquiredLocation Rooms Status

Opened/Acquired

Thunderbird Resorts 2011 Daman 179 To commence in Oct 2011

M l R t * 2011 G 300 T i l 2014Marvel Resorts* 2011 Goa 300 To commence in early 2014

Ramada Caravela** 2008 Goa 202 OperationalRamada Caravela 2008 Goa 202 Operational

Dolphin Floatel 2008 Goa 16 To commence in Oct 2011Dolphin Floatel 2008 Goa 16 To commence in Oct 2011

* 17Note: *    Expected to have 20,000 square feet of gaming space with 50 tables and 30 slots** Delta holds 35% stake

G i & H it litGaming & HospitalityGaming & HospitalityGoaGoa

18

Gaming BusinessGaming BusinessGoa and Sikkim are the only two Indian states which have issued live gaming casinoGoa and Sikkim are the only two Indian states which have issued live gaming casinolicenses. Goa issued 6* licenses in 2008, of which 3 are owned by Delta. A list oflicenses. Goa issued 6 licenses in 2008, of which 3 are owned by Delta. A list oflicenses issued in Goa are as follows:licenses issued in Goa are as follows:

Name of Casino Owner OperationalName of Casino Owner Operational

Casino Royale Highstreet Cruises & Entertainment (100% Subsidiary of DCL) YesCasino Royale Highstreet Cruises & Entertainment (100% Subsidiary of DCL) Yes

Kings Casino** Victor Hotels and Motels (100% Subsidiary of DCL) Nog ( y )

Caravela (Casino Advani Pleasure Cruises Company Pvt. Ltd. (51% Subsidiary of  Yes(Goa)

p y ( yDCL)Goa) DCL)

Pride of Goa Goa Coastal Resorts owned by Khetarpal YesPride of Goa Goa Coastal Resorts owned by Khetarpal Yes

Boa Sorte Salgaonkar Group – business family based in Goa, owners of the YesBoa Sorte Salgaonkar Group business family based in Goa, owners of the Marriott Hotel Goa

YesMarriott Hotel, Goa 

Casino Rio MDLR Group – has diversified interests in real estate hospitality & NoCasino Rio MDLR Group – has diversified interests in real estate, hospitality & resorts restaurants and airlines

Noresorts, restaurants and airlines

No new licenses are expected to be issued in GoaNo new licenses are expected to be issued in Goa

l d ( ) d d• One license was issued prior to 2008 (Casino Goa) and 5 were issued in 2008**

19** to be replaced by Horseshoe

Casino RoyaleCasino RoyaleIndia’s largest live offshore gaming casino with 4 operationalIndia s largest live offshore gaming casino with 4 operationaldecks, covering an area of 31,900 sq ftdecks, covering an area of 31,900 sq ft

Offering 480 live gaming positions, live kitchen of 6,000 sq.Offering 480 live gaming positions, live kitchen of 6,000 sq.ft d th t t i t lik hith t ith lift. and other entertainment areas like amphitheater with livemusic

Casino Royalemusic

y

Other facilities include a crèche a helipad and 3 suitesOther facilities include a crèche, a helipad and 3 suitesll i d b hi h ll d th i f iliusually occupied by high rollers and their families

It l ff t VVIP d VIP i f hi hIt also offers separate VVIP and VIP gaming rooms for highrollers

G i D krollers

Gaming Deck

Within two years of operations Casino Royale has witnessedWithin two years of operations, Casino Royale has witnessedover 250,000 visitations,

Live EntertainmentLive Entertainment

20

Kings CasinoKings CasinoHorseshoe our new boat will be home to the erstwhile KingsHorseshoe our new boat will be home to the erstwhile KingsCasinoCasino

Horseshoe is expected to have 1,500 gaming positions withHorseshoe is expected to have 1,500 gaming positions with155 t bl d 250 l t hi155 tables and 250 slot machines

HorseshoeP iti d t tt t hi h i it tiPositioned to attract higher visitation

H h h d f H h’ (C ' C ti )Horseshoe purchased from Harrah’s (Caesar's Corporations)Gaming for an all in cost of INR 600 MnGaming for an all in cost of INR 600 Mn.

Horseshoe is expected to commence operations at the startHorseshoe is expected to commence operations at the startf J 2012 i d i id i h G ’ k dof Jan 2012 in order to coincide with Goa’s peak season andGaming Deck p

reap maximum benefitsGaming Deck

reap maximum benefits

21

CaravelaCaravelaDelta Corp owns 51% in Advani Pleasure Cruise CompanyDelta Corp owns 51% in Advani Pleasure Cruise CompanyPvt. Ltd. (APCCPL) which in turn owns the Caravela casino;Pvt. Ltd. (APCCPL) which in turn owns the Caravela casino;India’s first offshore live gaming casinoIndia’s first offshore live gaming casino

APCCPL i tl th l i tit i I di hi h hAPCCPL is currently the only gaming entity in India which hasFIPB approval

CaravelaFIPB approval

Caravela offers 190 gaming positions with 20 live gamingCaravela offers 190 gaming positions with 20 live gamingt bl d 10 l t hitables and 10 slots machines

G i D kGaming Deck

22

Hotel Operations in GoaHotel Operations in GoaDelta holds a 35% stake in Advani Hotels & ResortsDelta holds a 35% stake in Advani Hotels & Resorts5‐star deluxe luxury beach resort5 star deluxe luxury beach resort 

202 operational rooms202 operational rooms2,000 square feet of gaming space2,000 square feet of gaming space

FSI il bl f i t l 60 000 f tFSI available of approximately 60,000 square feetRamada Caravela Beach Resort Dining amenities and other facilitiesRamada Caravela Beach Resort Dining amenities and other facilities 

300 l h t lR f Pi t 300 room luxury hotelReference Picture

Integrated resort hotel with gaming and entertainmentIntegrated resort hotel with gaming and entertainment f ilitifacilities20 000 square feet of gaming space20,000 square feet of gaming spaceM l i i i d hi h d SMulti cuisine restaurant and high end SpaExpected to commence operations from Jan 2014Marvel Resorts Expected to commence operations from Jan 2014Marvel Resorts 

Goa’s first Floating hotelGoa’s first Floating hotel16 all‐suite rooms16 all suite roomsWill be most the most l rio s accommodation forWill be most the most luxurious accommodation for our high rolling guestsour high rolling guestsE t d t ti f O t 2011Expected to commence operations from Oct 2011

D l hi Fl lDolphin Floatel

23

Gaming & HospitalityGaming & Hospitalityg p yDDamanDaman

24

Thunderbird ResortsThunderbird Resorts

Largest integrated resort convention complex inLargest integrated resort convention complex in( d ) d dDaman (spread over 10 acres) and in India( p )

179 five star plus category hotel rooms179 five star plus category hotel rooms

60 000 square feet of gaming space60,000 square feet of gaming space

29 000 f f i d d i29,000 sq ft of indoor event and meeting areaq gand 70 000 sq ft of outdoor pools and eventsRoom Rendering and 70,000 sq ft of outdoor pools and eventsg

area

Three bars and four restaurantsThree bars and four restaurants

High‐end end shopping facility spread over largeHigh end end shopping facility, spread over largearea

Casino RenderingCasino Rendering

25

R l E t t i K N i biReal Estate in Kenya, NairobiReal Estate in Kenya, Nairobi

26

Real EstateReal Estate

Kenya                                                                                                                        y

With a GDP of $39 Bn (nom) Kenya is the 5th largest African economyWith a GDP of $39 Bn (nom), Kenya is the 5th largest African economy

Kenya’s current population is approximately 40 Mn growing at 2 6% per yearKenya s current population is approximately 40 Mn., growing at 2.6% per year

Expanding middle‐class population of 2 Mn creating a strong demand forExpanding middle class population of 2 Mn., creating a strong demand forgoods and servicesg

90% f Ad lt i K lit t d k th E li h l90% of Adults in Kenya are literate and speak the English languagey p g g g

A stable democratic rep blic ith a histor of progressi e policiesA stable democratic republic with a history of progressive policies

N i biNairobi                                                                                                                      

Nairobi is the political and financial capital of KenyaNairobi is the political and financial capital of Kenya

With a population of 3 Mn Nairobi is the most populous city in East AfricaWith a population of 3 Mn., Nairobi is the most populous city in East Africa

Busiest airport in East Africa serving 5 Mn passengers per yearBusiest airport in East Africa serving 5 Mn passengers per year

27

Real Estate in NairobiReal Estate in NairobiDelta Corp entered into a 40:60 JV with a wholly owned subsidiary of RelianceDelta Corp entered into a 40:60 JV with a wholly‐owned subsidiary of RelianceIndustries Limited to develop real estate in East AfricaIndustries Limited to develop real estate in East Africa

Th JV h l d i t d INR 2 B d h i d 9 l t f l d i iThe JV has already invested INR 2 Bn and has acquired 9 plots of land in primey q p plocations of Nairobilocations of Nairobi

Approximately 2Mn. Sq. ft. is to be developed for commercial andApproximately 2Mn. Sq. ft. is to be developed for commercial andresidential purposesresidential purposesCurrently four live projects are under various stages of developmentCurrently, four live projects are under various stages of development

Delta Corp has recently consummated the sale of its development namelyDelta Corp has recently consummated the sale of its development namely,D lt C t t W ld B k f t f i t l KES 1 98B (US$Delta Centre to World Bank for an amount of approximately KES 1.98Bn (US$pp y (22 8 Mn)22.8 Mn).

Delta Corp has successfully developed and leased one project to the KenyanDelta Corp has successfully developed and leased one project to the KenyanMinistry of Justice & Constitutional AffairsMinistry of Justice & Constitutional Affairs

Delta Corp aims to continuously expand its respectiveland bank in East AfricaDelta Corp aims to continuously expand its respectiveland bank in East Africaf f d lfor future developmentsp

28

Projects in NairobiProjects in Nairobi

Project Delta Corner Delta Center Delta River Side Delta PlainsProject Delta Corner Delta Center Delta River Side Delta Plains

ArtisticArtistic ImpressionImpression/A t l/Actual Photos

Sold

Location Westlands  Upper Hill Westlands  Athi River 

Project C i l C i l C i l R id ti l

jplan

Commercial Commercial Commercial Residentialplan

Land area 2 2 acres 0 89 acres 1 2 acres 10 acresLand area 2.2 acres 0.89 acres 1.2 acres 10 acres

FSI 2.4 3.76 1.14 ‐

29

Financial PerformanceFinancial Performance

30

Strong Financial PerformanceStrong Financial Performance

Quarterly Gaming Revenues (US$ Mn.)y g ( )

7 06.13 6.07

7.0

5 116.0

5.00 5.115 0

3 965.0

3.64 3.96 3.874 0 3.18

3.644.0

3.03 0

2.0

1 01.0

0 00.0Q1 FY10 Q2 FY10 Q3 FY10 Q4 FY10 Q1 FY11 Q2 FY11 Q3 FY11 Q4 FY11Q1 ‐ FY10 Q2 ‐ FY10 Q3 ‐ FY10 Q4 ‐ FY10 Q1 ‐ FY11 Q2 ‐ FY11 Q3 ‐ FY11 Q4 ‐ FY11

Gaming and Hospitality ConsolidatedParticulars (US$ Mn.)

Gaming and Hospitality  Consolidated 31 M 10 31 M 11 31 M 11

( $ )31‐Mar‐10 31‐Mar‐11 31‐Mar‐11

Total Income 14 60 22 53 85 03Total Income 14.60  22.53 85.03Operating Expenditure 12.12  16.22  42.48 EBDITA 2.49  6.31  42.55 % EBDITA 17% 28% 50%% EBDITA 17% 28% 50%

31

AnnexureAnnexure

32

Management TeamManagement Team

Jaydev has over 25 years of experience in the field of real estate

d d

y y pdevelopment and textilesJaydev Mody development and textilesHe has been responsible for de eloping se eral residential

y yChairman

He has been responsible for developing several residentialChairman

Delta Corp Ltd complexes, office complexes and retail destinations in and around MumbaiDelta Corp Ltd. p , pincluding ‘Crossroads’ – Mumbai’s first large format retail mall equippedincluding Crossroads Mumbai s first large format retail mall equippedith i t ti l t d dwith international standards

hi h i d h f ll bli h d d dAshish Kapadia Ashish is an entrepreneur and has successfully established and managedAshish KapadiaM i Di t several businesses. He holds over 15 years of work experienceManaging Director several businesses. He holds over 15 years of work experience

He has experience in various industries including paints textiles polyesterDelta Corp Ltd. He has experience in various industries including paints, textiles, polyester,financial services and aviation

Nileesh has over 30 years of experience inconductingvarious successfulNileesh A Shah

Nileesh has over 30 years of experience inconductingvarious successfulNileesh A. Shah businesses in East AfricaExecutive Vice‐Chairman He has experience in various industries including business supplies inExecutive Vice Chairman Delta Corp East Africa

He has experience in various industries including business supplies inid i t t NGO ti t f E t Af i d lDelta Corp East Africa emergency aid equipment to NGOs operating out of East Africa and also

engaged in the business of import & distribution of fertilizersg g p

33

Management TeamManagement Team

Narinder has over 30 of experience in hospitality, entertainment andp p ygaminggamingNarinder’s previous employment includes hotels land based and cruiseNarinder Punj Narinder’s previous employment includes hotels, land based and cruisejbased casinos namely Hotel Holiday Inn ‐ Juhu, Hotel Al Mansour Melai ‐Managing Director y y ,Baghdad Royal Caribbean Cruise Lines Royal Viking Lines Norwegian

Managing DirectorHi h t t C i Baghdad, Royal Caribbean Cruise Lines, Royal Viking Lines, Norwegian

C i Li C i P l d C i G d C i B h tHighstreet Cruises

Cruise Lines, Casino Poland, Casino Goa and Casino Bucharest& EntertainmentNarinder has completed his bachelor in Commerce degree from St. Xavier‘sp gCollege KolkataCollege, Kolkata

Hardik has over 14 years of experience in finance treasury operations andHardik Dhebar Hardik has over 14 years of experience in finance, treasury operations andl h i M&A d fi i l iGroup CFO also has exposure in M&A and financial restructuringGroup CFO

Delta Corp Ltd Hardik’s previous employment includes large listed companies like theDelta Corp Ltd. Hardik s previous employment includes large listed companies like thePiramal group ofcompanies i e Nicholas Piramal Limited Morarjee TextilesPiramal group ofcompanies i.e.Nicholas Piramal Limited, Morarjee Textiles

d d l d dLimited and Peninsula Land Limited

Anil has o er 25 ears of e perience ario s in b sinesses namelAnil Malani

Anil has over 25 years of experience various in businesses namelyAnil Malani hospitality, entertainment, IT, electronics and office automation

President of Operationsp y, , ,

Anil’s previous employment includes Esquire Group of Companies Aimsf pHighstreet Cruises &

Anil s previous employment includes Esquire Group of Companies, AimsI t’l Ltd d A F d & B (P) Ltd (G i ’ F Pi )Highstreet Cruises &

EntertainmentInt’l Ltd and Amazon Food & Beverages (P) Ltd (Garcia’s Famous Pizza)

Entertainment Prior to joining Delta Corp Anil was with Clover Solar Pvt. Ltd.j g p

34

35