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Welspun One enhances its corporate governance framework with the appointment of three independent members to its Board of Directors and Investment Committee

Anshul Singhal

Managing Director, Welspun One

8 November, 2023

In the dynamic landscape of India's warehousing and industrial parks sector Welspun One's (A leader in integrated fund and development management) strategic vision and performance have established it as a force to be reckoned with. Recently, it has embarked on a significant enhancement to its corporate governance framework, welcoming three independent members to the Board of Directors and Investment Committee. This blog post will provide an overview of this pivotal development, and its potential implications for the company.

This strategic move is aimed at strengthening the company's decision-making, risk-evaluation processes, and overall strategic bandwidth. The three newly inducted members are Mr. Sushil Rathi, former COO of Mahindra Logistics; Mr. Anup Shah, Managing Partner of Anup Shah Law Firm; and Mr. Yash Gupta, former Managing Director of Hines India. These three veterans, each distinguished in their respective fields, bring with them a wealth of experience that promises to drive the company forward.

Expressing his excitement at joining Welspun One, Mr. Sushil Rathi said he was looking forward to leveraging his industry expertise to guide the company's future investments and strategic growth. Likewise, Mr. Anup Shah commended Welspun One's initiative towards enhancing its corporate governance, underlining the parent group Welspun World's commitment to accountability, professionalism, and unparalleled transparency. Meanwhile, Mr. Yash Gupta appreciated the sophisticated framework already in place at Welspun One for evaluating potential investments, expressing his eagerness to add his expertise to further enhance this process.

The addition of these three board members to its governance framework not only validates Welspun One's commitment to maintaining the highest level of transparency and governance but also demonstrates its dedication to creating an institutional business model of excellence.

What's more impressive is how quickly Welspun One has made a name for itself in the Indian warehousing and industrial park development sector. In a relatively short period, it has already amassed a portfolio of 7.5 million square feet of warehousing space across key locations in Mumbai, Delhi/NCR, Bangalore, Chennai, and Lucknow-Kanpur. Looking ahead, the company has put into motion plans to expand its portfolio to an impressive 18-20 million square feet in the next 4-5 years.

Welspun One's recent board appointments are a testament to the company's unwavering commitment to corporate governance, transparency, and strategic growth. These developments will undoubtedly play a critical role in the company's journey to redefine India's warehousing and industrial parks sector, and it will be intriguing to see how this enhanced leadership will guide Welspun One's future endeavors.