Torbit Corporate Buzz 6 August 2023

Anshu Sarin Joins as CEO, 91 Springboard

The leading co-working space provider in India, 91 Springboard has appointed   Anshu Sarin as its new Chief Executive Officer. With more than two decades of diverse experience in hospitality and aviation, visionary leadership and proficiency in digital business transformation, Anshu brings in a wealth of expertise into 91Springboard.

Prior to joining 91Springboard, Anshu served as the CEO at Berggruen Hotels Pvt. Ltd. where her strategic acumen resulted in remarkable achievements, including impressive revenue and EBITDA growth. She also successfully led the monetisation of business via strategic sale to Lemon Tree Hotels. Her tenure at Berggruen Hotels showcased her aptitude for cultivating an inspiring work culture, revitalising business operations, and driving transformative changes leading to value creation for the organisation. Anshu’s appointment comes at a pivotal time for 91 Springboard as it embarks on a reinvigorated journey of growth and value creation.

Meanwhile outgoing CEO, Anand Vemuri assumes the role of Executive Chairman of 91 Springboard.

Sharad Mittal Quits as CEO of Motilal Oswal’s Realty Fund Unit

Sharad Mittal, CEO of Real Estate Funds of the Motilal Oswal Group’s alternative investments arm -Motllal Oswal Alternates, has resigned from the company. Mittal was instrumental in building MO Alternates’ real estate platform, raising five funds  worth over Rs 7500 crore fro global and domestic investors during his 10-year stint.

MO Alternates manages five real estate funds and four growth capital funds, amounting to a cumulative  asset under management  of over USD 2 billion ( over Rs 16400 crore). Of this, assets worth over Rs 7300 crore are under the real estate platform. The fund is one of the largest domestic entities in this segment and has made more than 143 investments across 8 entities in India through the platform.

Mittal with over two decades of experience in the real estate industry has plans to launch his own real estate fund. Meanwhile Motilal Oswal  Group has elevated Saurabh Rathi and Anand Lakhotia as the co-heads for the real estate platform.

YieldWiseX Strengthenes  its Leadership Team

YieldwiseX (formerly MYRE Capital) , a leading neo-realty investment  platform has inducted  two industry experts  in the leadership team to bolster new business opportunities and unleash linear growth for the company in India and abroad.

Nishant Arora, an IIT Kharagpur alumumus , has joined  as the Head of Credit & Business. Having worked with IBM and Klub, Nishant brings with him a rich experience in merger and acquisition consulting , debt and equity, fund raising and post-merger integrations. His vast experience and expertise will be used to identify deals, analyze their viability, safeguard client as well as investor interest to drive growth at YieldWiseX.

IIT Madras alumunus holding a degree in civil engineering and M.Tech in Infrastructure management , Nikhil Agarwal comes with a decade of experience in operations and management consulting.At YieldWiseX, he will be responsible for establishing and optimizing business processes and propelling  new initiatives from ground zero to achieve remarkable success .