Board of Directors
Mr. Jaydev M. Mody
Mr.Jaydev Mody (Chairman),

Mr. Jaydev Mody has been creating, developing and managing businesses for more than 36 years, over 25 of them in real estate development. He played a leading role in building and developing India’s first truly global mall ‘Crossroads’ in South Mumbai (then Bombay).

A humanities graduate from Mumbai University, Mr. Mody has been instrumental in the development of several large residential and commercial complexes and retail destinations in and around Mumbai, among them Peninsula Corporate Park, Ashok Towers, Ashok Gardens, and Peninsula I.T. Park, all of them now established Mumbai landmarks.

He is an entrepreneur and has interests in various businesses including gaming and hospitality, textiles and magnet manufacturing. His keen eye has helped him identify lucrative business opportunities and has pioneered several first of its kind ventures.

Mr. Ashish Kapadia
(Managing Director)
Mr. Ashish Kapadia (Managing Director),

Mr. Ashish Kapadia is an entrepreneur, having established and managed several businesses across sectors such as paints, textiles, financial services and civil aviation. MrKapadia was appointed as a non-executive director on Delta Corp. Ltd.’s Board on October 1, 2008. On April 27, 2009 he was appointed as Managing Director. He holds a Bachelor’s degree in Commerce.
Mr. Rakesh Jhunjhunwala
(Non-Executive Director)
Mr. Rakesh Jhunjhunwala (Non-Executive Director),

Rakesh Jhunjhunwala is one of the better known equity investors in India. A qualified Chartered Accountant and a first generation investor and trader, he manages his business interests through his firm RARE Enterprises, of which he is a Founding Partner.

Mr. Jhunjhunwala’s interest in stocks and stock markets started at the young age of 15. On completing his Bachelors in Commerce (Honours) from Sydneham College of Commerce and Economics, Mumbai, and his Chartered Accountancy in 1984, Mr. Jhunjhunwala started actively investing and trading in stocks.

As an investor he respects markets and believes that markets are never wrong. Mr. Jhunjhunwala has created wealth through careful stock selection, patience and conviction. His investments currently include several unlisted companies as well. He serves on the board of a number of organisations, both listed and unlisted.

Mr. Rajesh Jaggi
(Independent Director)
Mr. Rajesh Jaggi (Independent Director),

Rajesh Jaggi is a Partner & Managing Director of Everstone Capital Advisors’ Real Estate business. Rajesh has over 14 years of real estate leadership experience in India, including strategic planning, acquisitions, finance, sales and marketing, legal, and project and facility management services.

Under Rajesh’s guidance, the Everstone team has successfully leased and operates nine malls and six logistics parks.

Prior to Everstone, Rajesh was the Managing Director of Peninsula Land Limited (a US$ 400 million market cap listed leading Indian real estate company). Rajesh also served as the Managing Director of Peninsula Realty Fund (a joint venture with Brookfield Asset Management) and Head of Peninsula Facility Management Services Private Limited.

An alumnus of F.W. Olin Graduate School of Business at Babson College, Boston, Rajesh was featured as one of India’s Hottest Young Executives by Business Today magazine (February 8, 2009 issue) – recognition for his contribution in leading Peninsula from a local Mumbai based developer to a notable national player.

Dr. Vrajesh Udani
(Independent Director)
Dr. Vrajesh Udani (Indipendent Director),

Dr. Vrajesh Udani, 57 years of age, is a Pediatric Neurologist. Dr. Udani is a consultant at the Hinduja National Hospital and Medical Research Centre and Saifee Hospital. Dr. Udani is also an Assistant Professor of Paediatrics at the Grant Medical College and JJ Group of Hospitals, Mumbai. Dr. Udani is also a Member of the Indian Academy of Paediatrics, Neurological Society of India and Indian Academy of Neurology.

Mr. Ravinder Kumar Jain
(Independent Director)
Mr. Ravinder Kumar Jain (Independent Director),

Mr. Ravinder Kumar Jain has been associated with Companies like Warner Hindustan Ltd., UB Group, Shaw Wallace Ltd., Millennium Alcobev Pvt. Ltd. a joint Venture (JV) of Scottish &NewCastle, a British company, UB Group and himself. In 2006 Mr Jain promoted Vallee de Vin Pvt. Ltd, a company engaged in manufacture, branding and distribution of wines under the brand names of Zampa and One Tree Hill. In 2012 Vallee de VinPvt Ltd merged with another leading wine company Grover Vineyard Ltd to form Grover Zampa Vineyards Ltd.

Mr. Ravinder Kumar Jain has spent almost 40 years in beverage alcohol industry. He has been instrumental in developing several green field businesses in this industry as well as many well known brands like McDowells Whisky, Bagpiper Whisky etc.

Mr. Jain is a Chemical Engineer from IIT, Delhi and has done a Post Graduate Diploma in Business Administration from IIM, Ahmedabad.

Mrs. Alpana Piramal Chinai
(Independent Director)
Mrs. Alpana Piramal Chinai (Independent Director),

Mrs. Alpana Piramal Chinai was Managing Director of Piramal Mills since 1985 and has managed the Textile units in Mumbai, Surat and Ambarnath, and many other businesses in the Piramal Group.

Being the daughter of Dr. MohanlalPiramal who was a leading Industrialist and Philanthrophist, she passionately carries on his legacy. She is a Director of her own enterprise Piramal sons.

She holds a Bachelor of Arts degree from the Mumbai University and is a member of several organisations and clubs.

Having traveled extensively, she is able to provide her businesses with a global perspective. She is also Managing Trustee of her own Charitable Institutes in Rajasthan, Piramal Group of Institutes, which specializes in extensively educating the girl child.


Mr. Chetan Desai
(Non-Executive Director)
Mr. Chetan Desai (Non-Executive Director),

Mr. Chetan Desai is a Chartered Accountant. He was formerly a Joint Managing Partner of a leading CA Firm in India. Earlier for over 30 years he was heading the audit & assurance practice of the Firm.

In his professional experience of 42 years, he has dealt with multinationals, public sector enterprises, large corporate houses etc.

He has wide knowledge and exposure in the fields of accounting, auditing, corporate laws, governance, compliance etc.

He is on the Board of many Companies.