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

Mr. Jaydev Mody (58) has been creating, developing and managing businesses for more than 35 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.
Mr. Ashish Kapadia -
(Managing Director)
Mr. Ashish Kapadia (Managing Director),

Mr. Ashish Kapadia (43) is an entrepreneur, having established and managed several businesses across sectors such as paints, textiles, financial services and civil aviation. Mr Kapadia was appointed 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. Mahesh Gupta -
(Independent Director)
Mr. Mahesh S. Gupta (Independent Director),

Mr. Mahesh S. Gupta, 56 years of age has an Honours Degree in B.Com; L.L.B {Gen). Fellow Member of The Institute of Chartered Accountants and The Institute of Company Secretaries of India. Mr. Gupta had an outstanding academic record and rank holder and a Silver Medalist in Company Secretaries Final examination. Mr. Gupta has over 3 decades of professional experience in business management and in all aspects of Corporate Finance such as treasury management, mergers and acquisitions, strategic planning, direct taxation, Company law matters etc. Mr. Gupta has received a number of recognitions for his business and professional acumen. Mr. Gupta is on the Board of several Public listed Companies. From time to time, he has also been associated with various Committees of The Institute of Chartered Accountants of India (ICAI), Member Governing Council of Indian Association Corporate CFOs and Treasurers (In ACT),Advisory Board of Chennai Business School.
Mr. Rajesh Jaggi -
(Independent Director)
Mr. Rajesh Jaggi (Independent Director),

Mr. Rajesh Jaggi (44) is a Partner & Managing Director at Everstone Capital Advisors’ real estate business. He 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. Before joining Everstone, Mr. Jaggi was the Managing Director of Peninsula Land Limited, one of India’s leading listed real estate firms, where he was responsible for the overall business and led the successful commissioning of projects totalling 28 million square feet of real estate (completed development of over 6 million square feet) across residential, commercial and retail spaces. Some of the landmark projects developed under his stewardship are commercial projects such as Peninsula Corporate Park, Peninsula Business Park, and Peninsula Technopark; residential projects including Ashok Towers and Ashok Gardens; and retail projects including Crossroads 2 (CR2). He also served as the Managing Director of Peninsula Realty Fund (a joint venture with Brookfield Asset Management), besides heading the Peninsula Facility Management Services Private Limited. An alumnus of F.W. Olin Graduate School of Business at Babson College, Boston, Mr. Jaggi 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 Mumbai-based developer to a national player of standing.
Mr. Rajeev Piramal -
(Independent Director)
Mr. Rajeev Piramal (Independent Director),

Mr. Rajeev Piramal (37) heads the real estate business of the Ashok Piramal Group and leads all aspects of the business from strategy to operations. In the 11 years that he has been associated with the real estate sector, he has played an instrumental role in developing some of the landmark projects in Mumbai. Mr. Piramal has a BBA (Bachelor in Business Administration) from Baldwin Wallace College, Cleveland, USA. He is also passionate about sports—his love for football resulted in the setting up of the Pune Football Club, a professionally-managed sports body in that city. He has also been appointed as co-opted member of the Asian Football Confederation (AFC) Ad-Hoc committee for Professional Clubs for the term 2011-2015. In addition, he has been appointed as a member of the AFC Ad Hoc committee for Indian Professional football.
Mr. Homi Aibara -
(Independent Director)
Mr. Homi Aibara (Independent Director),

Mr. Homi Aibara Mr. Homi Aibara (60) is a Management Consultant and member of the Institute of Chartered Accountants in England & Wales (qualified in 1976). He has been a Partner at Mahajan & Aibara since April 1987. Mr. Aibara has in the past worked with A.F. Ferguson in their consulting division (1984-1987) and was earlier in the consulting and hospitality sectors in the UK, Dubai and the US from 1976 to 1983. Mr Aibara specializes in the domestic and global real estate, hospitality and tourism industries. During his impressive career, he has directed over 500 assignments in these sectors for strategy studies, master planning, market assessment, feasibility studies, negotiating management contracts, tender processes, acquisition, divestment, financing for hotels, resorts, clubs, timeshare, multiplexes, malls, entertainment, restaurants, amusement/water parks, cable car systems, health resorts, casinos, civil aviation, water transportation, air charter/fractional ownership, and related project areas. Mr. Aibara is also the author of a paper on tourism that serves as a the Government of India’s policy position in the GATS (General Agreement on Trade in Services) negotiations, a paper for UNDP on tourism’s role in poverty alleviation in the Asia Pacific region, and a widely-acclaimed report on the impact of Civil Aviation Policy on tourism in India (for the Ministry of Tourism) that played a key role in the so-called ‘opening of the skiess’ in that sector. Mr. Aibara’s has helped several state governments and promoters conceptualise, formulate, examine the feasibility and coordinate a diverse range of projects from a 20-cottage jungle resort to 500-room deluxe hotels and convention centres. With the recent growth in the hospitality sector in India, his firm has been a leader in negotiation of management contracts with international and domestic hotel chains, leasing of hospitality assets and the raising of private equity finance for hotel and combined development projects. Mahajan & Aibara played a key role in a deal where Pacifica (Host + GIC) took a 36% stake in a platform of 7 hotels with 1,750 rooms under construction promoted by Accor and Inter Globe. More recently, it played a role in APG (Dutch pension fund) investing Euro 65 million into a Lemon Tree downstream asset Company. His firm has also conducted hospitality and tourism related assignments in Cambodia, Maldives, Sri Lanka, Nepal, Thailand, Nigeria, Zanzibar and the UK.
Mr. Rakesh Jhunjhunwala -
(Independent Director)
Mr. Rakesh Jhunjhunwala (Independent Director),

Mr. Rakesh Jhunjhunwala (53) is a certified Chartered Accountant and arguably India’s most famous equity investor. Mr. Jhunjhunwala belongs to a class of investors who have created wealth through careful stock selection, patience and conviction. Among India's successful investors, he is perhaps one of the few who has shared his insight into successful investing with the people at large through his articles, interviews and presentations. Mr. Jhunjhunwala founded his principles of investing – addressable opportunity, competitive ability, operating leverage and scalability, and integrity of management. He is also known for his trading skills and believes that “trend is his friend” and learnt never to preempt trends. He also realized that investing also has a four letter word attached to it: RISK. He is of the opinion that markets are the basis and temples of capitalism. As an investor he never ends any of his opinion without saying that he can always be wrong,always reminding him that market isalways right. As a long term value investor, Mr. Jhunjhunwala is credited with identifying stocks early on, believing in his investment, being patient and having the conviction to hold his picks for long periods of time. For him, the price at which you buy is as, sometimes more, important than what you buy. He combines diverse skills as a brilliant equity trader, visionary investor and incubator of new businesses through private equity.