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July 2007
Peninsula Land LimitedCorporate Presentation
Agenda
GROUP & COMPANY OVERVIEW
KEY DIFFERENTIATORS
PROJECTS OVERVIEW
FINANCIAL HIGHLIGHTS
GROUP & COMPANY OVERVIEW
Ashok Piramal – Group Overview
Real Estate development is one of the key focus areas for the Ashok Piramal Group
4
The Ashok Piramal Group of Companies
Textiles Real Estate Development RetailEngineering
Note: 1) Financial year is year ending March 312) Market Capitalization considered as on July 263) Conversion rate of US$ 1 = Rs. 40.50
215
132
0
50
100
150
200
250
FY 04 FY07
Revenues (US$ mm)37
6
0
10
20
30
40
FY 04 FY07
559
22
0
100
200
300
400
500
600
2004 2007
CAGR = 18%
CAGR =
80%
EBITDA (US$ mm) Market Cap (US$ mm)
CAG
R =
192%
Peninsula Land – Company Overview
Peninsula Land is a diversified real estate development company, renowned for its landmark developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail)Has developed and sold 2.32 mm sq ft of real estate across residential, commercial and retail In FY07, return on equity of 43.7% & return on capital of 23.5%Market capitalization of US$ 504 mm as on 26-July-07Geographically focused on Western and Southern IndiaTotal of 25.67 million square feet in pipeline in various stages of development
Promoters67%
Public20%
Banks / Insurance
10%
FIIs2%
Mutual Funds1%
Shareholding Pattern
Source: BSE India as of June 30, 2007
Millions of Square FeetAsset Class
25.67Total:7.38Biotech SEZ1.4Gems & Jewellery SEZ
1.19Other4.29IT2.03Commercial9.38Residential
5
Details of projects in pipeline
Peninsula Land – Recent Corporate History
1997 • Foray into Real Estate development business
1999 • Developed “Crossroads” - the first international quality retail mall in India
2001 • First corporate to receive permission to commercially develop private textile mill land in Mumbai
2003 • Peninsula Corporate Park – the first integrated commercial complex developed in Central Mumbai
2004 • Developed CR2 – the first multi-storey car park and retail mall project in Mumbai• Joint Development Agreement with Swan Mills for development of Ashok
Gardens and Peninsula Technopark• Commencement of Ashok Towers Project
2005 • Developed low income housing project at Kanjur Marg
2006 • Acquisition of land to develop product specific SEZs in Goa• Merger of The Dawn Mills Company Limited with Peninsula• Raised US$ 38 million through the QIP route
2007 • Acquired land in Pune, Nashik & Nagpur
6
KEY DIFFERENTIATORS
Peninsula Land - Key Differentiators
1
2
3
4
Reputed property developer with established brands
Growing across select cities in Western and Southern India
Strong project execution skills
Competent management team
Reputation for developing & completing projects in a timely mannerHistory of well executed projects with superior returns
Well recognized brands in commercial (Peninsula), residential (Ashok) & retail (Crossroads) sectorsBrand equity helps deliver superior pricing and strong pre-sales
Diversified pipeline into Tier 1, 2 and 3 cities in Western and Southern India
Experienced management with deep understanding of the real estate sectorProfessionally qualified staff including engineers, design consultants, marketing specialists, etcInnovative deal structuring capabilities
Focus on return on capitalInvest into land with a clear strategy to develop and sell within 3-5 yearsIn FY07, Peninsula achieved a return on equity of 43.7% & return on capital of 23.5%
5 Strategic relationship with realty fundLeverage relationship with realty fund to develop a broader mix of projects across geographies
8
6
Reputable Property Developer with Established Brands1
1st Indian developer to develop an International style modern shopping mall -“CROSSROADS” in Mumbai1st Indian developer of an integrated shopping mall –“CR2” at Nariman Point, Mumbai
Retail
Amongst the earliest to develop private textile mill land into Mumbai’s most preferred office destinationCredible clients with strong pedigree
Office
Residential projects in Central Mumbai are largely pre-sold
Residential
AchievementsSegmentBrand
9
Peninsula Land has developed established brands in each of the market segments, which is unique from other developers
Reputable Property Developer with Established Brands1
10
Nagpur
Hyderabad
Bangalore
ChennaiCoimbatore
Pune
Mumbai
Ahmedabad
Mysore
Goa
Nasik
GOA: Pop - 1.4 million• India’s second richest state
(per capita GDP)• Considered major hub for
biotech and pharma in India• Home to the government’s
Biotechnology panel
CHENNAI (f.k.a. MADRAS): Pop – 6.7 million• Seaport with established
automobile and manufacturing base
• IT/BPO hub
HYDERABAD: Pop – 7.5 million• IT, bio-tech and industrial hub• New Outer Ring Road, airport,
expressways and metro rail being built
BANGALORE: Pop – 6.5 million• India’s “Silicon Valley,” center
for IT/research firms• Boasts offices for 66 Global
Fortune 500 companies• Further growth expected with
new airport
2 Focus on Select Cities in Western and Southern India
Peninsula Land’s investments are focused in the Southern and Western regions of India, and are diversified between Tier 1, 2 and 3 cities
MUMBAI: Pop – 16.3 million• Financial and business hub
of India• Home to both of India’s stock
Exchanges
Tier Cities
Tier 1 Bangalore, Chennai, Hyderabad, Mumbai
Tier 2 Ahmedabad, Goa, Pune, Nagpur
Tier 3 Coimbatore, Mysore, Indore, Nashik
PUNE: Pop – 3.8 million• Home to several esteemed
colleges and educational institutions
• Emerging IT Hub• Considered cultural capital of
Maharashtra
11Note: Statistics shown for select Tier 1 & 2 cities. Additional details on all cities in appendix
Cities already present inCities planning to enter
Proven Project Execution Skills
Project Execution Process
Project Concept & Design
LandIdentification
Land Purchase
Project Execution & Management
Facilities Management
Sales & Marketing
3 – 6 months
3 -6 months
3–6 months
30–36 months
Varies
Medium/Long-term
3
12
4 Competent Management Team
13
Hardik DhebarHead –Group Treasury
Anil NoronhaHead – Group Human Resource
V HariharanGroup CFO
Jaydev ModyGroup Director
Urvi PiramalGroup Chairperson
Mahesh GuptaGroup Managing Director
Kausik NathHead - Group Legal & Secretarial
Ashok Piramal Group Structure
Ashwini SahasrabudheHead – Corporate & Strategic Planning
4 Competent Management Team
Peninsula Land is a fully integrated real estate development and management company, with over 260 employees
TechnicalFinance & Accounts
14
NirupamaSaxena
Head Human Resources
3
DhrutiDholakiaHead Legal
8
Note: Numbers indicate team size
Rajeev PiramalExecutive Vice
Chairman
Rajesh JaggiManaging Director
RameshRanganathan
Head Investments Peninsula Realty
Fund6
SridherRengan
CFO Peninsula Realty Fund
3
AshishJoshiCFO
17
GiridharRajagolalan
Head – Project & Development
121
Sanjay Mhapankar
CEO Peninsula Facility 47
Purchase Systems Goa Pune Mumbai Marketing
Anil PanditChief Operating
Officer
61
Peninsula Land Organizational structure
15
Upon creation of the Fund, Peninsula Land will not buy land independently, but will co-invest with the
fund up to 25%
Co-investment will be at the same time and at the same terms and conditions
None of Peninsula’s existing projects will be transferred to the fund
The Fund shall draw upon project management and facility management skills from Peninsula on arms
length basis (Based on current market trends at approx 5% – 7% of project revenue)
Alignment of interest between the Fund and Peninsula
Peninsula Realty Fund Details:Peninsula Land is raising a US$325 million fund for real estate land development
The fund will pursue investment opportunities that it believes will achieve IRR > 25%
Strategic Relationship with Realty Fund5
Strategic Relationship with Realty Fund
Leveraging the strategic relationship with a realty fund allows company to focus on its core competencies
16
Peninsula has a complete alignment of interest with the realty fund
Core Competencies
Identifying and assessing potential markets and strategic locations based on in-depth analysisUnderstanding which asset class would be the best and highest use for the siteManaging relationships with land aggregators
Determining innovative building concepts and designsDefining a systematic and detailed development processManaging 3rd party service providers and construction contractorsPromoting and selling developed product to the market
5
Peninsula Land
Peninsula Realty Fund
Acquire land with an intention of immediate development - carrying land stock for 3 to 5 yearsCover the total project cost by part selling at the beginning of the project Prudent risk management at all levels with a focus on maximization of return on capital employed
Focus on Return on Capital
101.1%
44.5%
-7.4%-40%
0%
40%
80%
120%
FY05 FY06 FY07
Return on Equity
3.5%
22.2%
28.5%
0%
10%
20%
30%
40%
50%
FY05 FY06 FY07
Return on Capital Employed
Peninsula Land’s strategy enables it to achieve a high return on capital employed and equity
For the period ending March 2007, Peninsula achieved a return on equity of 43.7% and a return on capital of 23.5%
17
Source: Company’s financial statements
Note: FY05 is 12 months (March 2004 – March 2005), FY06 is 15 months (March 2005 to June 2006), and FY07 is 9 months (July 2006 to March 2007)
6
Grow presence in select locations in western & southern India through strategic partnerships
Leverage strong execution capabilities
Build diversified mix of projects
Business Strategy
Invest in select citiesCollaborate strategically with landowners
Strong capabilities in land identification and deal structuringGood reputation for working well with 3rd party services providers and contractorsSuperior track record for project execution and timely delivery
Development of Biotechnology and Gem and Jewellery SEZsSEZs
Develop integrated townships around select citiesTownships
Developments of IT Parks in Western India and South IndiaIT Parks
Development of world class retail space in and around IT Parks and townships
Retail
High end segment development in select locations in IndiaMid to high end segment development to be focused in Mumbai and Pune
Residential
Development of corporate office complexes in Tier I citiesCommercial
1
2
3
4
Reputed property developer with established brands
Growing across select cities in Western and Southern India
Strong project execution skills
Competent management team
5
Focus on return on capital
Key Differentiators Business Strategy
Flexible development strategyBuy land only for development in the near term, resulting in lower asset cycle and avoid land accumulation; provides flexibility to respond quickly to market changes
18
Strategic relationship with realty fund / landowners
6
PROJECTS OVERVIEW
Projects Overview
1,155CommercialPeninsula Business Park
20CommercialBayside Mall
25ResidentialAshok House
800Low income housingKanjur Marg
37ResidentialPalm Beach Project
893CommercialPeninsula Corporate Park
57CommercialCenter Point
225RetailCR2
4,085Total:
Completed
Projects Under Execution
2,241Total:
897IT ParkPeninsula Technopark
899ResidentialAshok Gardens
1,077ResidentialAshok Towers
91CommercialPeninsula Centre
150Retail MallCrossroads
Approx. Square Feet (‘000)TypeProject Name
20
Completed Projects
Crossroads - Retail- Project Area -150,000 sq ft- Project Start Date – March 1997- Project Completion Date – August 1999
Peninsula Corporate Park - Commercial- Project Area – 892,503 sq ft- Project Start Date – March 2002- Project Completion Date – January 2005
Palm Beach Project - Residential- Project Area – 37,000 sq ft- Project Start Date – June 2001- Project Completion Date – September 2004
Kanjur Marg – Low income housing project- Project Area – 800,000 sq ft- Project Start Date – December 2002- Project Completion Date – April 2005
21
Completed Projects
Peninsula Centre- Project Area - 91,488 sq ft- Project Start Date – April 2001- Project Completion Date – January 2002
Bayside Mall- Project Area – 20,000 sq ft- Project Start Date – July 2003- Project Completion Date – May 2005
CR2- Project Area – 225,000 sq ft- Project Start Date – February 2001- Project Completion Date – November 2004
22
Overview of Projects in Pipeline
23
Area by Asset Class (in sq ft) Area by Geography (in sq ft)
Mumbai16%
Nashik12%
Goa34%
Pune38%
Gems & Jews SEZ5%
Biotech SEZ29% Residential
36%
Commercial8%
IT17%
Other5%
Current Projects
Ashok Towers - Residential- Project Area – 1,077,095 sq ft- Project Start Date – August 2004- Estimated Completion Date – July-December 2008- Approximately 600 residential units located at a
Premium site in Parel, Mumbai- More than 90% of the project is pre-sold
Ashok Gardens - Residential- Project Area – 898,920 sq ft- Project Start Date – April 2006- Estimated Completion Date – December 2008- More than 70% of the project is pre-sold
Peninsula Technopark - Commercial- Project Area – 896,585 sq ft- Project Start Date – March 2005- Estimated Completion Date – March 2009- JV with Swan Mills Ltd, the land owner, who is expected to pay for the cost of development- Peninsula Land is responsible for execution and management of the project, for 22% of the gross sales
24
Peninsula Business Park - Commercial- Saleable Area –~1,154,960 sq ft- Project Start Date – July 2007- Estimated Completion Date – July 2009
Commercial Projects in pipeline
Goa SEZ – Biotech Park (Verna)- Developable Area – ~7,800,000 sq ft- Project Start Date – March 2008- Expected Completion Date – March 2014- Approved by the Board of Approvals- Awaiting Notification
Goa SEZ – Biotech Park (Sancoale)- Developable Area – ~3,300,000 sq ft- Project Start Date – March 2008- Expected Completion Date – March 2014- Approved by the Board of Approvals- Notified by competent authority
Pune - IT Park- Developable Area – ~4,900,000 sq ft- Project Start Date – January 2008- Expected Completion Date – March 2013- Approved by the Board of Approvals- Awaiting Notification 25
Goa SEZ – Gems & Jewellary Park (Verna)- Developable Area – ~1,400,000 sq ft- Project Start Date – March 2008- Expected Completion Date – March 2011- Approved by the Board of Approvals- Awaiting Notification
Projects Rationale
Capitalize on the growing biotech sector in IndiaLeverage Goa’s investment into pharmaceuticals
Inline with Goa Government's desire for eco-friendly SEZ development
Capitalize on the growing biotech sector in IndiaLeverage Goa’s investment into pharmaceuticals
Major IT, ITES and BPO hubEmerging location for new IT parks
Site is located ideally near the Mumbai expressway exitLeading IT & ITES companies opening offices in Nashik
Residential Projects in pipeline
26
Nashik – Residential- Developable Area – 800,000 sq ft- Project Start Date – June 2008- Expected Completion Date – September 2010
Nashik – Integrated Township- Developable Area – 2,200,000 sq ft- Project Start Date – June 2008- Expected Completion Date – September 2013
RationaleProjects
Proximity to IT ParksSite abutting the Mumbai expressway exit and located in the outskirts of Pune city
Site is located ideally near the Mumbai expressway exitLeading IT & ITES companies opening offices in Nashik
Pune – Integrated Township- Developable Area – ~5,000,000 sq ft- Project Start Date – December 2007- Expected Completion Date – March 2013
FINANCIAL HIGHLIGHTS
28
Peninsula Land - Financial Snapshot
Peninsula Land has shown strong growth in earnings, stable EBITDA margins and has been acquiring land at a decent pace
Note: 1) Conversion rate of US$ 1 = Rs. 40.502) FY05 is 12 months (March 2004 – March 2005), FY06 is 15 months (March 2005 to June 2006), and FY07 is 9 months (July 2006 to March 2007)
2.4x2.9x20.9xDebt to EBITDA1.0x2.9x2.9xDebt to Equity
Balance Sheet Metrics
-93,2251,036,247Developed
53%56%26%% margin3237(2)PAT
43414EBITDA
Development in square feet
Profit & Loss Summary (US$ mm)
11%361%% growth817316Revenues
39%50%nm% margin
3,130,9751,976,0152,069,240Under development284,390269,6451,884,162Sold
FY 079 months
FY 0615 months
FY 0512 months
APPENDIX
Overview– Transaction: Ashok Gardens and Peninsula Technopark– Size : Development of 898,920 square feet of residential
and 896,585 square feet of IT park – Investment : Rs 320 million (US$ 8 million)
Opportunity– Develop centrally located land parcels in Mumbai – Owner is a loss making textile company that was unable to dispose the land
parcels for past decade – Company had various issues reference to the regulatory body for stressed
assets, attachment of its properties by tax authorities and other overdue debt liabilities
Result– Purchased the development right, enabling the land owner to clear some of
the aforesaid issues– Organize funding from a single lender allowing the owner to repay its
outstanding debt to multiple lenders to establish a clear land title– The land, cost of construction and other liabilities remain with the owner – Peninsula receives 22% of the revenue from the project– Development of the residential project to be completed in December 2008 but
Peninsula has already pre-sold 70% of the project. – IT park will be completed in 2 phases of 2 buildings each by March 2009
Ashok Gardens
Peninsula Technopark
Proven Investment Strategy – Case Study I
31
Overview– Transaction: Peninsula Business Park (Dawn Mills)– Size : Development of ~1,155,000 square feet IT park– Investment : Share Swap no cash outflow to Peninsula
Opportunity– Leverage on the success of Peninsula Corporate Park by creating a
similar landmark development in central Mumbai– Owner is a textile company that stagnated in growth and that is looking
to exit the business by selling its land– Peninsula had significant exposure to textile mill land embroiled with
litigation at the Apex court of the county
Result– Bought out the stake from the promoters of The Dawn Mills Company
Limited (DMCL) and then through open offer consolidated their stake to 72.6% for a consideration of Rs. 1,200 million (US$ 30 million)
– Following a favorable outcome of the mill land litigation, DMCL was merged with Peninsula by share swap as Group committed to do all its development through its publicly listed company
– ~1,155,000 square feet of developable centrally located, prime land now accessible to Peninsula
Peninsula Business Park
Proven Investment Strategy – Case Study II
32
Overview– Transaction: Crossroads– Size : Development of 150,000 square feet Retail mall– Investment : Rs 400 million mainly cost of refurbishment
Opportunity– Create a signature development to establish the Groups foray into real
estate development sector– Existing pharmaceutical factory building available as factory moved to
different more cost effective location– Group had a choice to sell of the land as it was premier parcel or create
value from the existing piece of land available
Result– Group took a call to experiment with development thus exploring entry
into a new business sector.– Due to regulations and law bringing down the existing structure and
creating a new development not feasible– Refurbished the existing factory building including creation of a
basement car park under the existing structure to convert into a first one of its kind retail mall in the country in the year 1999.
– Successfully leased out the mall to some of the most reputed national and international brands and held the investment up to 2006 (7 years) before exiting from the investment by way of sale
– Initial investment – Rs. 400 million (US$ 10 million)
Crossroads
Proven Investment Strategy – Case Study III
33
Selected target markets
34
- Declared Old Mahabalipuramas IT Corridor and is actively developing supporting infrastructure- Drive to be automobile capital of India, encouraging huge FDI investments to improve city infrastructure
- Sanctioned 33-km long city Metro rail project- Identified an ‘IT Corridor’ in the city, expected to spend US$ 50 million over the next two years in developing infrastructure
- New international airport, metro rail project- Aiming to project city as the prominent technological and biotech hub
- Development of major roads, including over 50 new flyovers, - Development of satellite towns, Bandra Worli Sea Link, new Navi Mumbai Airport
Government plans / Initiatives
Infrastructure
Nokia, Infosys, Wipro Spectramind, Cognizant, Satyam, Accenture, Ford Motors, World Bank, Ford, Hyundai
Infosys, Wipro, IBM, Accenture, Microsoft, Intel, Oracle, Motorola, TI, HP
Dell, Microsoft , Infosys, Virtusa, Oracle, GE Capital, Deloitte Consulting, Dr. Reddy's Laboratories
Times of India, HDSC, Satellite Television
Major Employers
IT, petrochemicals, auto, auto components
IT, BPOIT, ITES, biotechFinancial Services, IT, ITES, media, entertainment, healthcare
Major Industries
Economic
73%71%72%86%Literacy Rates
21%38%32%30%Population Growth (1991-2001)
6.76.57.516.3Urban Population (millions)
Demographic
- Seaport with established automobile and manufacturing base - Emerging IT/BPO hub
- India’s “Silicon Valley,”IT/research firms- Accounts for 38% of India’s software exports- Further growth expected with airport
- Major IT, bio-tech and industrial hub- New Outer Ring Road, expressways and metro rail being built
- India’s commercial and financial services hub- Development of satellite towns, including Bandra, and Navi Mumbai
Investment Rationale
ChennaiBangaloreHyderabadMumbai
Selected target markets
35
- Plans to continue to establish Goa as a biotech/pharma hub for India
Dr. Reddy’s Laboratories, Glenmark, Watson, Barr Labs, Unichem Labs, IndcoRemedies, Karalla Healthcare, Ranbaxy
Pharma, biotech, tourism
82%
15%
1.4
- Hub for pharma activity
Goa
- Developing expressway between Mumbai and Nasik- Plans to develop as a satellite city around Mumbai
- Proposed investments into traffic sector, drainage, and slums
- Support the Development to become a mega city in India
Government plans / Initiatives
Infrastructure
WNS, Infosys, Lake SystemsBajaj Auto, Tata Motors, DaimlerChrysler, Kinetic Engineering, Force Motors, Cummins Engines, Eaton Corp, Frito Lay, Coca Cola, Wipro, Accenture, Convergys, Infosys BPO, IBM, Red Hat, Dell
Tata Consultancy Services, Satyam Computers, Wipro
Major Employers
IT, ITES, BPOIT, ITES, BPO, 2-wheel manufacturing, food manufacturing
Education, IT, ITES, BPO, Major Industries
Economic
NA81%80%Literacy Rates
59%51%36%Population Growth (1991-2001)
1.43.74.5Urban Population (millions)
Demographic
- Emerging IT/ BPO hub- Major IT/ BPO hub- Financial Center of Gujarat- Increasing affluence
Investment Rationale
NasikPuneAhmedabad
Selected target markets
36
- Benefit from its close proximity to Bangalore to attract companies and talent
Infosys, Wipro, Microsoft, Dell, SPI, Comat Technologies, Hinduja, MedSoft USA, Acusis, Excel Sot, KaveriTechnologies, SDD Global Solutions, iROBOT
IT, ITES, BPO, manufacturing
83%
22%
1
- Emerging IT/ BPO hub- Greater Connectivity with Bangalore
Mysore
- Nagpur SEZ to support the development of the IT/ITES industry- Boeing to set up an SEZ in Nagpur
- Known to be the 'Motor Sports Capital of India
Government plans / Initiatives
Infrastructure
Mahindra and Mahindra, Bajaj Auto, International Combustion, Candico, Sanjay Group, Satyam, L&T Infocity
CG-Vak Software, KG Information Systems, TCS, Spheris India, JayemAutomotives
Major Employers
Textiles, IT, manufacturingAuto parts, healthcare, education, textiles, engineering
Major Industries
Economic
89%78%Literacy Rates
28%32%Population Growth (1991-2001)
2.42Urban Population (millions)
Demographic
-Cargo hub-Emerging MRO hub for airlines-Strong Food processing industry
- Textile & auto components hub
Investment Rationale
NagpurCoimbatore
Mr. Rajesh JaggiManaging Director
Over 11 years of experience in managing real estate development projects with in-depth exposure to marketing and sales of retail, commercial and residential space. Head of business development since 1999 He holds an MBA in finance from Babson Graduate School of Business, Boston
Mr. Rajeev PiramalExecutive Vice Chairman
Over five years in the real estate sector, during which time he has been responsible for the management and operations of retail properties, as well as expanding the land bank of the Company. Completed a BBA from Cleveland, USA
Mr. V. HariharanGroup CFO
Over 30 years of experience in all aspects of accounting and finance functionsMember of Institute of Chartered Accountants of India and Institute of Company Secretaries of India
Key Management Team
Key management team members have significant expertise
Mr. Mahesh GuptaGroup Managing Director
Over 30 years of experience in finance functions, including treasury, M&A, operational review, strategic planning, direct taxation and corporate law mattersAwarded CFO of Year Award, Special Commendation for Financial Excellence (M&A Category) by IMAHolds an law degree and is a member of the Chartered Accountants of India and Institute of Company Secretariats of India
37
Ms. Urvi PiramalGroup Chairperson
Over 22 years of experience managing diversified businesses across a number of sectorsRecipient of several prestigious awards, including Qimpro Gold Standard Award, Outstanding Industrialist Award, and the Cheminor AwardHolds a Sciences degree and attended Harvard Business School’s Advance Management Program
Mr. Jaydev ModyDirector
Over 20 years of experience in development of office & residential premises including shopping malls, office premises and other buildingsChairman, Arrow Webtex Ltd, manufacturer of narrow woven fabrics & printed labels
Mr. Ashish JoshiCFO
Over 12 years of experience in the field of Finance, Business Planning and Accounts in diverse industries like Telecom, Logistics and manufacturingMember of Institute of Chartered Accountants of India and Institute of Cost and Works Accountants of India
Mr. Giridhar RajagopalanSenior VP, Projects
Over 27 years of professional experience in the construction industryHolds a Bachelors degree in civil engineering (B E -Civil) from Mumbai University, with a specialisation in pre-stressed concrete bridges and public health engineering
Mr. Sanjay MhapankarCEO, Peninsula Facility
Management
Over 25 years of diverse experience in different industries, including hospitality, banking, information technology, telecommunications, BPO and constructionOver 17 years of experience in multi-national companiesHolds a degree in law and postgraduate qualifications in computer management
Key Management Team
Key management team members have significant expertise
38
Mr. Anil PanditChief Operating Officer
Over 21 years of experience in real estate project management & execution as well as in business developmentHolds an MBA in Finance from IGNOU and a Bachelors in Chemical Engineering from IIT Roorkee