APREA India Conference

Sigrid is the Chief Executive Officer of Asia Pacific Real Assets Association (APREA). Based in Singapore, she is responsible for overseeing the strategic direction, initiatives and operations of the association across Asia Pacific. Under her leadership, APREA repositioned to an industry trade group focusing on real estate and infrastructure.

Sigrid joined APREA’s executive team in January 2019.

Prior to APREA, she served as Managing Director of Asia Pacific Research and Advisory Services of Cushman & Wakefield (C&W) from 2010 through 2018, where she was responsible for research, thought leadership, strategy formulation and client management.  Before relocating to Singapore, she was based in Washington, D.C. and led C&W’s U.S. research group in the Mid-Atlantic region, overseeing all aspects of market research activities in the Washington, DC; Virginia; Suburban Maryland, Baltimore; and Philadelphia areas. Prior to joining C&W, Sigrid served as a Senior Economist for the National Association of Realtors (NAR). In that position, she developed NAR’s office, warehouse, retail, multi-family housing, and international research programs.

A recognized expert in global economic, public policy and real estate issues, Sigrid is a frequent speaker at industry events.  Her commentary on commercial and residential real estate markets is also regularly featured in a wide array of global publications, including the Wall Street Journal, Financial Times, Bloomberg, New York Times and Reuters. Additionally, she has made several television appearances on financial networks and radio such as CNBC, Bloomberg, CNN, National Public Radio and Channel News Asia.

Sigrid holds a Master of Business Administration from Cornell University’s Johnson Graduate School of Management and a Master’s degree in Economics from Pennsylvania State University. She is a member of several civic groups including the Rotary Club of Raffles City in Singapore, where she has served in various leadership positions, and serves in the Executive Committee of the Crohn’s & Colitis Society of Singapore.

Neel, an alumnus of Harvard Business School and a Masters' in Finance and Economics with a Degree in Law has about 26 years of rich business experience.

Neel heads the core real estate business and is now instrumental in setting up I.T. office parks and residential townships. He is on the Board of Chalet Hotels, hospitality division of the group, which manages seven 5‐star properties across India. He has successfully set up the brand 'Inorbit Malls' at pan India basis and Inorbit is now among the top 3 mall companies in the country.

Neel is also on the Board of 'Shoppers Stop', the country's prestigious department store chain.

He was selected as the Top 40 under 40 by Economic Times.

He chairs some of the important committees that shape key industry developments, like:

• APREA, Chairman, India Chapter.
• NAREDCO‐President, West.
• Confederation of Indian Industry (CII), Chairman ‐ National Committee on Real Estate and Housing.
• Advisory Board Member, SCAI (Shopping Centres Association of India)

He has been appointed by the Government of India to study and suggest changes to the Special Economic Zone policy.

He was invited by the Honourable Prime Minister of India as a member of 'Champions of Change'.

Pramod is an Executive Director at Securities & Exchange Board of India, handling Department of Debt & Hybrid Securities (DDHS), Department of Economic and Policy Analysis (DEPA), Enquiries and Adjudication Department (EAD), Quasi-Judicial Cell & acting as a quasi- judicial authority. He is a member of IFSC Authority (www.IFSCA.gov.in), the Inter-Regulatory Technical Group (IRTG) of the Sub-Committee of the Financial Stability and Development Council &; a member of the Assessment Committee of IOSCO (www.iosco.org).

Pramod has extensive experience in Indian financial services sector, having served as Group General Counsel at ICICI group, General Counsel for Citi South Asia cluster, as a partner at IndusLaw & as General Counsel of ICICI Bank, with many professional accomplishments in such roles.

He also served as a member of Board of Directors of ICICI Securities Ltd, ICICI Prudential Trust Ltd, ICICI Trusteeship Services Ltd, & as a member of National Committee for Regulatory Affairs of Confederation of Indian Industry (CII), of Advisory Council of Sahamati & of SEBI Subcommittee for Regulatory Sandbox.

Pramod has a deep interest in Fintech, LawTech & startups: He co-founded a LawTech enterprise, & served as a Board member of 2 startups. He also advised & mentored startups under the aegis of ICICI Bank’s Startup Engagement Team & its Innovation Lab, NSRCEL of IIM Bangalore, SINE of IIT Bombay &of No Changemaker Left Behind program by Agami. He has also led piloting and adoption of innovative approaches and technology-led solutions for various business, operational & legal requirements. He has collaborated on certain iSPIRT projects including Sahay-GeM & Sahamati AA Ecosystem.

He has played a pivotal role in conceptualizing & adoption of online dispute resolution (ODR) at ICICI Bank & digital ecosystems such as Sahamati, Sahay GeM, Sahay GST & ONDC. He also engaged with policy makers, the government & the judiciary on ODR, which culminated in Niti Aayog committee report on Designing the Future of Dispute Resolution: The ODR Policy Plan for India, https://bit.ly/3AVS247, & in the launch of ODR Handbook: www.disputeresolution.online

Pramod has also been associated with IDIA – Increasing Diversity by Increasing Access – an NGO dedicated to assisting students from underprivileged backgrounds in attending premier law schools in India. He has served as a founding member of Governing Board of NLSIU Alumni Association from 2015-2020.

He has participated in & contributed to various law and regulatory reform initiatives of the government, regulators &industry forums, and written or contributed to several papers containing his personal view and opinions on matters of law and policy including for SCC Blog, IndiaCorplaw Blog, ARIA and for reputed digital business news platforms. http://linkedin.com/in/pramod-rao-lawyer

Amit Jain is the Chief Financial Officer of the Manager. He is a seasoned finance professional with over two decades of experience in various aspects of finance and operations, tax and regulatory framework, M&A, investor relations, financial and tax due diligence, fund raising, portfolio valuations and compliances.

He has a strong track record of leading financial functions across different organizations, leveraging his expertise to drive business growth and strategic decision-making. Throughout his career, Amit Jain has held various senior positions at organizations like Global Infrastructure Partners, IDFC, EY, Macquarie, and Discovery Channel.

Mr. Jain holds a Bachelor's degree in commerce (Hons.) from Delhi University and is a member of the Institute of Chartered Accountants of India.

Mr. Aravind Maiya has over 22 years of experience in real estate, capital markets, audit and consulting. Aravind was the Chief Financial Officer at Embassy REIT from May 2019 to May 2022, and played a pivotal role in driving the growth of India’s first listed REIT. He rejoined Embassy REIT from Tata Realty, where he was the Chief Financial Officer overseeing the finance and tax functions as well as investor relations. He was also actively involved in the strategic growth initiatives with the CEO. At Embassy REIT, Aravind was a core member of the management team and was responsible for the finance, legal and compliance functions. Prior to that, he was Partner at BSR & Associates LLP, where he specialised in commercial real estate across audit, assurance and capital market transactions including listed companies. Aravind holds a bachelor’s degree in commerce from Bengaluru University and is a member of the Institute of Chartered Accountants of India.

Kranti Mohan has over 15 years of experience in advising on Indian securities laws. He has advised
on almost the entire spectrum of capital markets transactions, including IPOs, QIPs, rights offerings,
overseas listings (including through business trust route), buybacks, and block/ bulk trades on the
stock exchanges. Over the last few years, he has also extensively advised on establishing and listing
business trusts, infrastructure investment trusts, real estate investment trusts and yieldcos.

Kranti is also a member of the Hybrid Securities Advisory Committee constituted by SEBI and a
member of APREA’s India Infra and InvITs Committee.

He was an active participant in the Firm’s initiatives related to the consultation process on various
aspects of Invits and REITs and collaborated with few stakeholders in making representations to
various governmental/ regulatory authorities, including the Prime Minister’s Office, Ministry of
Finance, Central Board of Direct Taxes, the Reserve Bank of India and SEBI.

In the past, Kranti was also a member of the committee constituted by SEBI for streamlining
disclosure standards for equity offerings and the working group on evaluating REITs of CII.

Kunal Tayal is a Director at Bank of America Global Research where he heads the research for the India IT/BPM, Real Estate and Cement sectors. Kunal has more than 16 years of experience in the industry and has consistently ranked in external surveys like Institutional Investor and Starmine. Previously, he has worked at Lehman Brothers and Infosys. Kunal received his Bachelor’s degree in Electronics Engineering from Mumbai University and his MBA in Finance from the Indian Institute of Management, Lucknow.

Ms. Meghana Pandit is the Chief Investment Officer at IndiGrid since 2018. She holds a bachelor’s degree in commerce and a master’s degree management studies from the University of Mumbai, has cleared all three levels of CFA, CFA Institute (US) and a post graduate diploma in financial analysis from the Institute of Chartered Financial Analysts of India. She has over 20 years of experience in investment banking and corporate finance, covering the infrastructure sector across private equity transactions, mergers and acquisitions, initial public offerings, qualified institutional placements and infrastructure investment trusts, in sub-sectors such as roads, airports, renewable power, thermal power, ports and real estate. She has previously worked in IDFC Bank, Deloitte Financial Advisory Services India Private Limited and Essar Steel Limited.

At IndiGrid, she is responsible for M&A, fund raising, treasury, investor relations and other growth initiatives.

Mrs. Pooja Aggarwal is a Chartered Accountant by profession and has over 26 years of post-qualification diversified experience across industries and across countries and cultures. She has had leadership experience in sectors such as Power, Infrastructure, IT and consulting. As part of her role, she has driven and managed strategic objectives, financial performance, deal structuring, fund raise and mergers and acquisitions. She is currently working as head of Portfolio Management for Brookfield Infrastructure investments in India and ME.

Rohit Tiwari is a Partner in the Firm’s Capital Markets practice, specializing in equity and debt capital markets, and hybrid security offerings. He is based out of the Mumbai and Bengaluru offices.

Rohit advises issuers, investment banks and investors across a wide range of securities offerings, including initial public offerings, institutional placements and bond issuances. Advising on structuring and hybrid security offerings by real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) is a key area of focus for him.

Rohit was recognized as a ‘Key Lawyer’ by the Legal500 Asia Pacific Rankings 2021 and 2022. He started his career with the capital markets team at Trilegal. Prior to joining the Firm, he was a partner with the capital markets team at Cyril Amarchand Mangaldas.

Select Experience Statement

• INR 5,350 crore IPO by FSN E-Commerce (Nykaa)
• INR 4,750 crore IPO by Embassy Office Parks REIT (including set up and structuring of the REIT)
• INR 3,800 crore IPO and INR 2,305 crore institutional placement by Brookfield REIT
• INR 3,750 crore QIP and INR 2,100 crore QIP by Godrej Properties
• INR 2,780 crore QIP by Aptus Value Housing Finance
• INR 1,588 crore IPO by Five Star Business Finance
• INR 1,400 crore institutional placement by NHAI InvIT
• Public NCD issuances aggregating to INR 2,600 crore by issuers across sectors, including NHAI InvIT, Vivriti Financial and Navi Finserv

A detailed experience statement can be shared on a confidential basis.

Professional Memberships

Bar Council of Maharashtra and Goa

Education

B. Sc. LL.B. (Hons) from Gujarat National Law University, Gandhinagar

Anish is a partner in Price Waterhouse & Co LLP and has over 25 years’ experience advising clients on income-tax and regulatory matters.

Anish advises MNCs and domestic clients on Indian and international tax, inbound investment advisory and corporate tax (with a focus on real state, infrastructure and private equity funds), assists them in setting up investment structures, conducting tax due diligence and providing advice on tax and regulatory compliances. Anish also advises on exchange control regulations, corporate and other regulatory laws.

He has wide experience in advising real estate and infrastructure clients on evaluation of JDA / EPC arrangements, migration to REIT / InvIT structures, business reorganisation and M&A transactions.

He has also actively participated in advocacy related discussions with the Finance Ministry requesting clarifications / amendments to the recently introduced sovereign wealth fund and pension fund tax exemption.

Anish is a commerce graduate and a member of ICAI.

Aseem is currently responsible for Business Development (BD) in India at Tabreed which is one of the world’s largest listed District Cooling utilities, providing energy-efficient, cost-effective and environmentally sustainable cooling, as a service.

With over 12 years of experience across different parts of the value chain in clean energy, utilities and sustainable infrastructure development with some of the world’s leading organizations, Aseem has demonstrated expertise in developing businesses, winning tenders, project financing and equity partnerships. Prior to joining Tabreed in 2022, he worked with Enel (Italy) in its BD and Finance functions, growing its India renewable energy portfolio by close to 1 GW by winning SECI tenders, and set up an India and Asia-Pacific BD unit for Enel’s power distribution and smart metering business. His earlier experiences include strategy, management consulting and research assignments at Ernst and Young (EY) and PKC Advisory.

Aseem holds a bachelor’s degree in commerce from Hans Raj College, University of Delhi, and an MBA from FORE, Delhi. He is a Chartered Financial Analyst Charterholder from CFA Institute (US) and a member of the Indian Association of Investment Professionals.

Aseem maintains an active lifestyle as a yoga practitioner and trainer. He is a voracious reader on a multitude of topics ranging from spirituality to modern sciences, and enjoys singing and music the most, amongst various art forms.

Abhilash is an Executive Director at IndoSpace and heads the Asset Management function. IndoSpace is India’s largest investor, developer, and manager of industrial and logistics real estate with a total portfolio size of over 58 million square feet across 52 projects in 11 cities.

In his current role at IndoSpace, Abhilash oversees performance of three development funds and a Core vehicle with total investments of over USD 3Bn and is responsible for driving portfolio strategy, operations, property valuations, monitoring and optimizing asset performance. Abhilash has wide ranging experience of over 16 years in the real estate industry involving fund raising, investments, asset management, driving buy side and sell side due diligence and managing investor relations.

Prior to joining IndoSpace, Abhilash was associated with JP Morgan Chase, Deloitte Financial Advisory Services and Citi Markets. He holds a Master’s in Business Administration in Finance and a Bachelors in Technology in Electronics and Communications Engineering.

Amit joined Hines in 2015 and is the Country Head for Hines in India. He is responsible for development, acquisition, and asset management of real estate across the country. Hines has offices in 5 cities in India - in Gurgaon, Mumbai, Bangalore, Pune, and Ahmedabad, and currently focused on office and residential projects. Amit has a track record of starting and scaling-up businesses as an intrapreneur. He started IndiaReit / Piramal Fund Management’s business in North India in 2010. He started GE Real Estate’s operations in Singapore in 2006 and scaled them across Southeast Asia. Amit began his career with Marakon, where he was based in Singapore and was part of teams that advised the C-suite of large corporations across 9 countries in the Asia Pacific region.

Shridhar N. is the Group Director, CEO – Infrastructure (Industrial & Logistics), and Chief Investment & Strategy Officer at the Hiranandani Group. He was the originator of the largest Private REIT deal in Indian real estate valued at over $1 billion for Hiranandani Powai’s 4 mn. sq. ft. commercial assets which were sold to Brookfield as a part of the monetization strategy for the group.

He also incubated and created a Pan India platform ‘GREENBASE’ for the Industrial & Logistics infrastructure business, a major diversification strategy of the Hiranandani Group, and runs the business as a joint venture with Blackstone as a partner. He is operationally heading the platform which offers industrial units and warehousing infrastructure with a presence in various locations across the country.

Along with his vast experience spanning over 30 years across real estate, infrastructure, financial services and FMCG, Shridhar has also been mentoring startups and founders for many years. He has been the CFO of various large companies including Future Capital Holdings Ltd., Britannia Industries Ltd and Coca Cola India. His experience spans across various facets of business strategy & finance including M & A, treasury, and restructuring business models for efficiency.

He is also the Founder and Managing Partner at Pegasus FinInvest Advisory Services Ltd. He is the Sponsor of “Pegasus India Evolving Opportunities Fund” a SEBI registered Social Impact fund, having a fund size of $20 million. This impact fund focuses on key sectors such as Edu-tech, Fin-tech, Health-tech, and Renewables.

With a keen understanding and deep knowledge of key industries, market changes and market needs, he has in leadership roles directed the strategy and business model of companies towards profitable growth that successfully facilitate this transition to realize maximum business value.

He is active and well networked with HNI’s in Mumbai, Delhi, Hyderabad and Bangalore. He is an accredited member of the Director’s club, a program certification from KPMG, Board Evaluation committee, UK and SP Jain essentially as an Independent Director. He has vast experience in leadership roles, raising capital, pivoting business models, taking companies public, setting up investment companies and enhancing operational effectiveness and efficiencies.

He has excellent networking and relationships with Merchant Bankers, Local and International lawyers, Regulatory Agencies, Accounting and Auditing firms and Banks and Institutions cultivated over his senior leadership stint of over 30 years.

Yash has ~20 years of experience in real estate investment management, encompassing fundraising, investments, and asset management.

He has managed transactions of USD 800 million and raised USD 300 million in capital.

Yash is CEO-Fund Management at Welspun One and has led the build out of the firms fund business from the ground up to INR 2,775 crores in commitments across 2 funds and an in-place portfolio of approximately 10 million square feet.

Previously, Yash was Principal at Proprium Capital Partners, where he helped establish the firm's India office and managed the MSREI SSF III India portfolio in addition to sourcing and executing new investments. Prior to this, he also worked at Morgan Stanley Real Estate Investing India across asset management and investment roles.

Yash holds a postgraduate diploma in Business Administration from the Welingkar Institute of Management and a B.E. in Electronics & Telecommunications Engineering from Mumbai University.

Pallavi Bhargava joined Ivanhoé Cambridge in January 2022. Her role is to oversee the investment and asset management activities throughout the Asia-Pacific region, with a particular focus on the Indian market.

Prior to joining Ivanhoé Cambridge, Pallavi was heading Asset and Debt Management at ESR, India. She has spent over a decade in Europe in the Fund of Funds space. As Executive Director at LGT Capital Partners she was leading their investments in Europe and played an instrumental role in designing their investment, asset and risk management processes. At Composition Capital Partners she was responsible for sourcing, acquisitions, asset management and disposition activities and specialized in seeding first time funds. She has also served as Chairperson of INREV Due Diligence Committee.

Pallavi has 20 years of global real estate experience across sectors and geographies. She holds a Master in Business Administration specializing in International Finance from Symbiosis Institute in India and bachelor’s degree in commerce for Lady Sri Ram College in India. She speaks English and Hindi.

Parvesh Sharma is a seasoned real estate professional, with a remarkable 30-year track record spanning the real estate value chain. Currently serving as the Country Head of Tishman Speyer in India, he brings a wealth of knowledge and expertise to his role, driving strategic growth and operational excellence within the organization.

He has a deep understanding on key markets and cities in India and his expertise lies in joint venture partnerships, business development, strategic land acquisitions investor relationships and fund raising.

He is also recognized for his knowledge on development, design, asset management, disposition and leasing. Parvesh Sharma's career journey is marked by significant achievements and leadership roles across various facets of real estate development and management.

His profound insight of the industry dynamics, coupled with a robust network and strategic foresight, has enabled him to navigate complex market landscapes effectively.

Earlier in his career with Tishman Speyer, Parvesh Sharma led the Design and Construction division in India, where he successfully delivered the much acclaimed 2.4 million sq ft Waverock campus in Hyderabad,

Prior to joining Tishman Speyer, he has successfully completed the ICICI regional Hub Hyderabad and many more projects in the Middle East.

Pratichi Mishra’s practice areas include capital markets, mergers and acquisitions, foreign investments, regulatory, advisory and general corporate matters, with a focus on business trusts and funds.

Pratichi is a member of the Hybrid Securities Advisory Committee, a permanent committee set up by the Securities and Exchange Board of India (SEBI). She has been a member of working groups and internal groups set up by the SEBI in relation to the takeover regulations, alternative investment funds and SM REITs. She is also a member of the Expert Committee on REITs and InvITs in GIFT International Financial Services Centre.

Pratichi has been identified as one of India’s Future Legal Leaders 2023 by India Business Law Journal, and as a recommended lawyer for Capital Markets and Corporate and M&A by The Legal 500 Asia Pacific. She has also been recommended for her expertise in capital markets in the RSG India Report.

Mona Chhabra is a Partner with EY India’s Investment Banking Advisory practice. She focuses on M&A and funding transactions in the real estate and hospitality sectors. Mona has more than 25 years of experience in investment banking, valuation and equity research. She has advised several developers, funds and hospitality players in their capital allocation and transaction strategies. Mona has graduated in Economics from St. Stephen’s College, Delhi and has done her Post Graduation in Business Economics with a specialization in Finance.