Parsvnath Retail Limited, a subsidiary of Parsvnath Developers Limited (PDL), one of India’s leading real estate companies, has appointed RJ Kamath as independent director for its retail business.
“We are committed to having independent directors and a good corporate governance framework that reflects today’s best practices for our subsidiaries,” said Pradeep Jain, chairman, Parsvnath Developers Limited.
“With the appointment of Mr. Kamath, we will have an independent director and management expert whose strengths and skills complement those of our existing team members in providing valuable oversight and direction to the strategy, operations and management of Parsvnath Retail Limited,” he added.
Kamath, the former chairman of the Andhra Bank and Canara Bank, embodies rich experience in several sectors, including finance, banking, legal and corporate.
