Board of Directors
Mr. Jaydev M. Mody -
(Non-Executive Chairman)
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 Rajeev Piramal-
(Independent Director)
Mr Rajeev Piramal (Independent Director),

Rajeev Piramal spearheads the real estate business of the Ashok Piramal Group and leads all aspects of the business from strategy to operations.

After completing his BBA (Bachelor in Business Administration) from Baldwin Wallace College, Cleveland, USA, he began his career as a management trainee at Nicholas Piramal. In early 2001, he entered the real estate sector and became a Director at Peninsula Land.

In the last 11 years that he has been associated with the real estate sector, Rajeev has played an instrumental role in developing some of the landmark projects in Mumbai. Peninsula Business Park, Peninsula Technopark, Ashok Towers and Ashok Gardens are some of the other iconic projects developed under his leadership. He firmly believes that quality and timely execution of projects are the key factors leading to success in the real estate business.

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.

Mr. Rakesh Jhunjhunwala -
(Independent Director)
Mr. Rakesh Jhunjhunwala (Independent 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, andhis 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. 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.

Mr. Homi Aibara -
(Independent Director)
Mr. Homi Aibara (Independent Director),

Homi Aibara 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. Prior to this he worked with A F Ferguson in their consulting division ('84-'87). Earlier worked in consulting and hospitality in the UK, Dubai and the US from 1976 to 1983

Industry specialization includes Real Estate, Hospitality and Tourism, within the country and overseas. He has authored the Tourism paper for India’s stand on GATS 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 part in the 'opening of the Skies'.

His involvement in the Hospitality and Tourism industry for over 30 years has provided an opportunity to assist several state governments and promoters of projects in this vital sector of the economy to 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.

Mr. Mahesh Gupta-
(Independent Director)
Mr. Mahesh Gupta (Independent Director),

Mr. Mahesh Gupta is the Group Managing Director with Ashok Piramal Group. He oversees all the businesses of the Group which comprises mainly of Real Estate, Textiles, Cutting Tools and Auto Components.

Mr. Gupta has received a number of recognitions for his business acumen. He was awarded the CFO of the Year Award, Special Commendation for Financial Excellence (Mergers & Acquisitions Category) by IMA (formerly known as EIU), New Delhi.

Mr. Gupta is on the Board of several Public listed Companies such as Peninsula Land Limited, Morarjee Textiles Limited, Ceat Limited, RPG Life Sciences Limited, Delta Corp Limited etc. 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 & Treasurers (InACT), Advisory Board of Chennai Business School.

Mr. Gupta 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. He had an outstanding academic record and Third Rank Holder and a Silver Medalist in Company Secretaries Final examination.

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.

Prakash Chhabria -
(Independent Director)
Prakash Chhabria (Independent Director),

Mr. Prakash P. Chhabria is the Executive Chairman of Finolex Industries Limited and has over 28 years of experience. He was appointed Executive Director of Finolex Industries Ltd and in 2007, he became the Managing Director. In 2012, he was appointed to his current position.

Finolex Industries Limited (FIL) was founded in 1981. It is India’s largest PVC pipes manufacturer and second largest PVC resin manufacturer.

MrChhabria is the founder trustee of MukulMadhav Foundation, a trust engaged in charitable activities in the area of healthcare and education of children.

Mr. Chhabria is a member of the Executive Committee of the Mahratta Chamber of Commerce, Industries and Agriculture.

He has attained a B.Sc. in International Business from the University of Evansville, USA and has also completed the Advanced Management Programme from Wharton Business School, USA.