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 Background
Company Business
Management
Investment Policy
Portfolio Summary
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Ishaan Real Estate has an experienced board of six Non-executive directors, chaired by Ian Henderson. The Directors will be supported by a chief financial officer who will oversee the operation of the Group‘s financial reporting controls and procedures and report to the Directors on the progress of the Company.
The Directors are responsible for the determination and implementation of the Group‘s investment strategy and have overall responsibility for the Group‘s activities, including the review of the Group‘s investment activities and performance.
The Board of the Company has been assembled to give shareholders the benefit of international and Indian real estate, accounting, retail and financing experience. Brief biographical details of the Directors of the Company are as follows:
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Ian Henderson, Non-executive Chairman
Chairman Ian Henderson is currently Deputy Chairman of Capital and Counties Properties plc. He is trained as a chartered surveyor, working initially at Hillier Parker May & Rowden before joining Land Securities, from where he retired as Group Chief Executive in 2004. He is a Trustee of the Natural History Museum and a Council Member of the Royal Albert Hall and chaired the Development Committee of St Martin-in-the-Fields. He is also Chairman of the Dolphin Square Foundation and Vice-President of Central & Cecil Housing Trust.
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Stephen Vernon, Non-executive Director
Stephen Vernon is Executive Chairman of Green Property Limited. an Irish property investment and development group active in Ireland and the UK. The company was listed on the Dublin and London stock exchanges when Mr. Vernon became Managing Director in 1993. In 2002 Mr. Vernon led a successful management buyout in a 2 billion Euro transaction and is now the largest shareholder. Green Property currently has approximately £2 billion of real estate assets in ownership or under management. Prior to joining Green in 1993 he was Managing Partner of St. Quintin, a London based firm of Chartered Surveyors. He holds directorships of a number of property related companies.
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Rajendra Chitale, Non-executive Director
Rajendra Chitale, a law graduate and an eminent Chartered Accountant, is a Managing Partner of Chitale & Associates and M. P. Chitale & Co. (one of the India’s leading accounting and consulting firms)., He is a member of the Insurance Advisory Committee of the Insurance and Regulatory Authority of India(IRDA), and has served as a member of the Company Law Advisory Committee, Government of India, the Takeover Panel of the Securities & Exchange Board of India, Investor Education & Protection Fund Committee, Government of India, the Advisory Committee on Regulations of the Competition Commission of India, and the Maharashtra Board for Restructuring of State Enterprises, Government of Maharashtra. He has served as a Director on the boards of Life Insurance Corporation of India, Unit Trust of India, Small Industries Development Bank of India, National Stock Exchange of India Ltd., Reconstruction Company (India) Ltd., SBI Capital Markets Ltd. He currently serves as a Director on the boards of several large companies including National Securities Clearing Corporation Ltd., Ambuja Cements Limited, Hinduja Ventures Ltd., Hinduja Global Solutions Ltd., Reliance Capital Ltd., Reliance Life Insurance Company Ltd., and Reliance General Insurance Company Ltd., Reliance Equity Advisors (I) Limited, IndusInd Media & Communications Limited
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Vittorio Radice, Non-executive Director
Director Vittorio Radice is chief executive officer of the Italian department store group La Rinascente and has been with the company since 2005. He is also non-executive director of McArthurGlen UK Limited and Boyner Turkey. His experience in retail has included being executive director of Marks & Spencer plc (from 2003 to 2004), chief executive of Selfridges plc (from 1996 to 2003) and managing director of Habitat UK (from 1992 to 1996). He was a non-executive director of Shoppers Stop Limited, a Raheja Entity, from 2000 to 2006.
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Tim Walker, Non-executive Director
Tim Walker is a chartered accountant and Isle of Man resident. He is the former Finance Director of Swallow/Vaux Group plc, Strix and Burtonwood Brewery plc and was previously a non-executive director of PFI Infrastructure Company plc. Tim is a non executive director and Audit Committee Chairman of Squarestone Brasil plc, Infrastructure India plc, Clean Energy Brazil plc, Carpathian plc and The Protected Asset TEP Fund plc.
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Anne Elizabeth Couper Woods, Non-executive Director
Anne is a fellow of the Institute of Chartered Secretaries and Administrators and having commenced a career in company and trust administration in 1992, she now has over 18 years' experience in company secretarial practice and corporate governance. She is a Director of the Association of Corporate Service Providers (ACSP) the representative body for providers of corporate and trust services in the Isle of Man. She is also an Executive Director of IQE Limited, a company licensed to provide corporate and trust services where she has responsibility for their private client and corporate client departments.
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Neel Raheja, Non-executive Director
Neel Raheja, a member of the K Raheja family, has 18 years of business experience in Indian real estate with post-graduation in Commerce, Degree in Law and Owner/ President Management Program from Harvard Business School. As K Raheja Corp Group Director, Neel Raheja is responsible for all operations of the real estate business, which include residential townships, business & IT parks and mixed-use developments across the country, and the strategic expansion in the mall business. He has also spearheaded the hotel business development and growth. His other directorships include Shoppers Stop Ltd, a company listed on the Bombay Stock Exchange, Inorbit Malls (India) Pvt. Ltd, Crossword Bookstores Ltd and Chalet Hotels Ltd. He is a member of the real estate task force of the Confederation of Indian Industries and the founding member of the Asia-Pacific Advisory Committee of the International Council of Shopping Centres.
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