NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) has appointed Ramesh Nair as its new chief executive officer (CEO).
In a regulatory filing, the company said that the board of directors of K Raheja Corp Investment Managers, manager to Mindspace REIT, have approved the appointment of Ramesh Nair as the CEO and one of the key personnels of the company, with effect from September 1, 2023.
The board noted the resignation of Vinod Rohira, currently the CEO and one of key personnels of the company, effective August 31, 2023. The board also approved the appointment of Rohira as the additional (non-executive non–independent) director on the board of directors of the company withe effect from September 1, 2023.
The company had reported a growth of 6.62 per cent in its net consolidated profit during the quarter ended June 30, 2023. Its profit after tax stood at Rs 136.90 crore in Q1 FY24 as against Rs 128.40 crore it registered in the corresponding quarter of the previous fiscal.
Its net consolidated total income stood at Rs 601.70 crore in Q1 FY24, a growth of 24.01 per cent from Rs 485.20 crore it recorded in the similar quarter last year.