Mr. Hrishikesh Parandekar Joins Sugee Group as an Executive Chairman

Business Wire India

Mumbai-based Sugee Group has announced the appointment of Mr. Hrishikesh Parandekar as the Executive Chairman of the company. He has undertaken his responsibilities since April 01^st, 2017 and has joined the business as a partner and will be responsible for spearheading the management of the group from strategy, finance and investments, product development to sales.

Mr. Parandekar joins the real estate group with over two decades of experience with prestigious brands in the financial and advisory sectors such as Morgan Stanley, McKinsey, Ambit, and Karvy. Mr. Parandekar has an MBA from the prestigious IIM Ahmedabad and a bachelor's degree in Economics and Accounting from Mumbai University. He is currently also on the Board of Directors of Renuka Sugars and Scient Capital.

Prior to joining Sugee Group, he was the CEO for the Structured Finance and Private Wealth businesses of Ambit and a member of the Ambit Group Executive Committee. He was previously with Karvy Broking where he was Group CEO and played a significant role in the launch and scaling up of multiple businesses including wealth/ alternate assets, realty and mezzanine debt financing, and real estate advisory, in India and the Middle East.

Commenting on his appointment, Mr. Parandekar said, "I am delighted about my new journey as the Executive Chairman of the rapidly evolving Sugee Group. I look forward to working with this vibrant team that enjoys the reputation of delivering projects well within timelines. The real estate sector today is witnessing a host of changes including greater regulation and discipline, and it will be an enriching experience for us at Sugee to ride this wave of change."

Speaking about the appointment, Mr. Nishant Deshmukh-Managing Director, Sugee Group said, "I am extremely pleased with Hrishi Sir agreeing to join us as our partner and Executive Chairman. He brings with him a wealth of knowledge and information which will help Sugee grow. His experience will help provide a value-driven system to lead Sugee towards greater achievements."

About Sugee Group

Sugee Group is an established and fast growing real estate business group, headquartered in Mumbai. Focused on redevelopment of housing projects, affordable apartments, second homes and serviced NA plots in Mumbai, Wai, Raigad and other parts of Maharashtra. Having constructed various residential apartments in the heart of Mumbai, the group has grown exponentially towards being a potent force in the real estate industry. Sugee has quickly acquired a reputation of being a reliable, trusted and professional realty player and is getting known for before time delivery.