In order to rank among the top family-owned alternative asset companies, RMZ Corporation has restructured its top leadership team and established a new governance structure. The changes are part of an effort to double the Bengaluru-based company's rent-yielding real estate business to $42 billion by 2029, with a total investment of around $16 billion.
The firm has established a new governance structure that includes two boards: a supervisory board led by brothers Raj and Manoj Menda, as well as the family's second generation, Sidharth and Mihir, and an executive board comprised of non-family senior leaders from diverse industry backgrounds who oversee each of the firm's businesses.
According to the Menda brothers, the strategic shift demonstrates the family's unwavering commitment to growth and expansion in alternative investment classes. "We are intensely focused on investing in high-growth opportunities across geographies that will lay the groundwork for a long-term global economy." "RMZ Corporation is positioned to become one of the world's largest family-owned alternate asset owners in the next five years with the assistance of our second generation, Sidharth and Mihir," they said in a statement.
Arshdeep Sethi has been renamed president of RMZ Real Estate and CEO of the company's various asset classes, Thirumal Govindraj as CEO of RMZ Office, Avnish Singh as CEO of RMZ Mixed Use, Saandip Kundu as CEO of RMZ Living, and Avinash Sule as CEO of RMZ Industrial & Logistics and RMZ Hospitality. The CEOs will serve on the boards of all investment platforms as members of the leadership team.
