Mumbai, March 25th, 2010: Saffron Asset Advisors announced the promotion of Ritesh Vohra as Managing Director (MD) of Real Estate. He will succeed Ajoy Veer Kapoor as MD of Real Estate at Saffron Asset Advisors. Handing over the mantle of the Real Estate business to Mr. Vohra, Ajoy Veer Kapoor, Saffron Asset Advisors MD, will now be focusing his efforts on further growing all Saffron's existing businesses and identifying newer opportunities for the Saffron group. In his new role, Ritesh will be responsible for identifying new opportunities and fortifying the real estate fund management business at Saffron Asset Advisors.
Ritesh Vohra has been an entrepreneur and a real estate and retail professional with an experience spanning over twelve years. He has been involved with Saffron Asset Advisors since inception and has been overseeing all acquisitions, diligence, research and asset management activities.
Commenting on the appointment, Ajoy Veer Kapoor, MD of Saffron Group, said "Having Ritesh on board as Managing Director of Saffron's real estate business is a natural progression of his role in the company. His in-depth understanding of the diverse elements of the real estate business allows him to have an inimitable perspective about the markets. I am certain that his insights, knowledge and judgment will drive Saffron to greater heights."
Prior to joining Saffron Asset Advisors in 2005, Ritesh's previous assignment was CEO, First Franchising Private Limited, a boutique advisory firm focused on retail, franchise and real estate sectors. In the past, he has also worked with Jones Lang LaSalle and Chesterton Meghraj as part of their real estate advisory business in India.
About Saffron Asset Advisors
The Saffron Group is an independent India focussed real estate investment fund management group, with companies incorporated in Mauritius and India.
The Saffron Group consists of the holding company Saffron Capital Securities Limited, Saffron Capital Advisors Limited (SCAL), the investment manager, both incorporated in Mauritius, and Saffron Asset Advisors Private Limited the India-based investment advisor.
SCAL is the investment advisor for Yatra Capital Limited, the only India focussed real estate firm listed on Euronext, Amsterdam.
SCAL is the investment manager for the Saffron India Real Estate Fund I.
Saffron Asset Advisors Private Limited is the India investment advisor to SCAL.