Mahindra Lifespace Developers, the real estate and infrastructure development business of the USD 19.4 billion Mahindra Group, announced the appointment of Rajaram Pai as Chief Business Officer – Industrial.
In this new role, Pai will oversee strategy, planning, development, sales, operations and value creation for the Integrated Cities & Industrial Clusters (IC & IC) business vertical of the Company spanning Mahindra World City and ORIGINS developments across India.
Pai joins Mahindra Lifespaces with more than 27 years of experience across diverse sectors including Chemicals, Renewables, Consulting and Automotive. Most recently, he was at DuPont, where he led business in India and South Asia, and had P&L accountability for Photovoltaic Materials, Advanced Printing and Interconnected Solutions, according to a statement.
Arvind Subramanian, Managing Director and CEO, Mahindra Lifespace Developers, said, “We are delighted to welcome Rajaram to our leadership team. Rajaram’s substantial experience in leading growth strategies, coupled with an exceptional record of operational excellence and corporate development, will be instrumental in strengthening our industrial parks business.”
“We look forward to his contributions as we build on our vision of sustainable, world-class industrial ecosystems that enable faster go-to-market and the Make-in-India aspirations of global and Indian companies,” Subramanian added.
Rajaram Pai, Chief Business Officer – Industrial, Mahindra Lifespace Developers, said, “I am excited to join Mahindra Lifespaces at a time when the role of planned industrial ecosystems in ensuring business continuity and safe restart of operations has been reinforced globally.”
“This is an opportune time for India to claim its rightful space as global and regional supply chains are being rapidly re-shaped. The tailwinds in Mahindra Lifespaces’ IC & IC business are significant, and I look forward to delivering greater value to our industrial customers,” Pai added.
Pai has an MBA from the Indian Institute of Management, Lucknow and a Bachelor’s degree in Mechanical Engineering from Manipal Institute of Technology.
Established in 1994, Mahindra Lifespace Developers is the real estate and infrastructure development business of 256,000 people strong Mahindra Group.
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