...the obvious, Rajiv Singh plans for telecom and financial services
Rajiv Singh’s claim to fame stems not just from him being the son of the legendary K. P. Singh of DLF. At 48, Rajiv, an engineer from the famed Massachusetts of Institute of Technology, is playing a key role in shaping DLF’s future. When 4Ps B&M met up with the dynamic Vice-Chairman of DLF, Rajiv was gung-ho on DLF’s future. “Be it revenues, profits, land bank or market cap, DLF is the biggest among its peers,” he says, reiterating that the group is now standing at “an exciting juncture of immense opportunities.”
With a total developable land bank of 738 million square feet under its belt, DLF today has a pan India presence with projects spread across 32 cities. Under Rajiv’s aegis, DLF is building a ‘New Bangalore City’ by pumping an investment of $12.5 billion in equal partnership with Dubai’s Limitless Group. The company has also signed an MoU with Nakheel to develop two projects in Gurgaon and South Maharashtra, with an investment totalling $12-14 billion.
In fact, the group’s portfolio now extends much beyond residential and commercial office space to gigantic projects in the hospitality sector (the JV with Hilton to open 75 hotels in next 5-7 years), SEZs, malls, infrastructure, et al.
But Rajiv is aiming for more. Full of zeal as he maps out the future of DLF, the father-son duo are reportedly planning to raise $5 billion and list their five business units separately (Homes, Retail, Hotels, Utilities and Infrastructure). This fund-raising map is separate from the Singapore listing of DLF Assets ($2 billion, awaiting regulatory approval).
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Source : IIPM Editorial, 2008
Rajiv Singh’s claim to fame stems not just from him being the son of the legendary K. P. Singh of DLF. At 48, Rajiv, an engineer from the famed Massachusetts of Institute of Technology, is playing a key role in shaping DLF’s future. When 4Ps B&M met up with the dynamic Vice-Chairman of DLF, Rajiv was gung-ho on DLF’s future. “Be it revenues, profits, land bank or market cap, DLF is the biggest among its peers,” he says, reiterating that the group is now standing at “an exciting juncture of immense opportunities.”
With a total developable land bank of 738 million square feet under its belt, DLF today has a pan India presence with projects spread across 32 cities. Under Rajiv’s aegis, DLF is building a ‘New Bangalore City’ by pumping an investment of $12.5 billion in equal partnership with Dubai’s Limitless Group. The company has also signed an MoU with Nakheel to develop two projects in Gurgaon and South Maharashtra, with an investment totalling $12-14 billion.
In fact, the group’s portfolio now extends much beyond residential and commercial office space to gigantic projects in the hospitality sector (the JV with Hilton to open 75 hotels in next 5-7 years), SEZs, malls, infrastructure, et al.
But Rajiv is aiming for more. Full of zeal as he maps out the future of DLF, the father-son duo are reportedly planning to raise $5 billion and list their five business units separately (Homes, Retail, Hotels, Utilities and Infrastructure). This fund-raising map is separate from the Singapore listing of DLF Assets ($2 billion, awaiting regulatory approval).
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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