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Virtuous Retail ropes in S Raghunandan as CEO

No Comments Sub Category:Realty News Posted On: Mar 25, 2014

S Raghunandan has been roped as chief executive officer of Indian unit Virtuous Retail Services Pvt. Ltd, whereas the company also announced the appointment of MN Hariharan as director of finance.

Early this month, VCCircle had first announced the approaching management changes at the firm.

After serving as CEO Retail of realty firm Prestige Group for the past six years, having an experience of over 30 years Raghunandan joins Virtuous Retail. He was in charge for the shopping centre business, including the joint venture with CapitaMalls Asia at Prestige. He has also worked with DHL Worldwide Express, RPG, Foodworld and K Raheja Group.

With over 22 years of industry experience in IT, construction & project management and retail real estate, Hariharan joins the company .In Mumbai’s Inorbit Mall he has spent seven years as part of the senior management team working on finance and enterprise resource planning and has been recruited from there.

Xander Group Inc has cited Virtuous Retail which is a retail-related real estate asset platform and was established in 2007.Prime city centre locations in India such as Bengaluru, Chennai, Mumbai, Pune, Surat and Kolkata are included in Virtuous Retail’s pan-India portfolio. Xander has committed equity worth $600 million to the platform.

Source: VCCIRCLE

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