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Ascendas-Singbridge appoints new chief executive for India operations

VINAMRA Srivastava, urban development and business space solutions provider Ascendas-Singbridge Group's head of corporate strategy & development, will take over Sanjay Dutt as the company's chief executive of India operations and private funds, with effect from April 1 this year.

In his new role, Mr Srivastava will lead the company's operations in India through its next phase of growth and development. He will oversee operations, business development, strategic planning and contribute to expanding the group's portfolio of assets in the country.

The company, which is jointly owned by Temasek Holdings and JTC Corporation, currently manages over 13 million square feet of assets across Bangalore, Chennai, Hyderabad, Pune, Gurgaon and Mumbai in India. It also has been operating in India for over two decades under its subsidiary, Ascendas.

The group's chief executive, Miguel Ko, said that Mr Srivastava played a key leadership role to develop the India strategy for Ascendas-Singbridge, and ensured consistent strategy execution across investment, development, operations and asset management.

He added: "With his cross border consultancy experience and deep knowledge of Ascendas-Singbridge's strategy, we are confident that he will lead Ascendas-Singbridge's India operations and private funds to its next phase of growth."

The company said that Mr Srivastava joined Ascendas-Singbridge in October 2015 and has contributed to the company's post-merger integration process.

Additionally, he has helped set up the new logistics business in India working closely with various stakeholders.

Prior to joining the company, Mr Srivastava was a principal consultant with Roland Berger Strategy Consultants, and was involved in cost optimisation, investment analysis, organisational development and business planning.