CapitaLand Investment appoints Gauri Shankar as Chief Executive Officer for India Business Parks

CapitaLand Investment Limited (CLI) has appointed Mr Gauri Shankar Nagabhushanam as Chief Executive Officer, India Business Parks, with effect from 1 April 2022, as part of its ongoing leadership renewal.  Gauri Shankar will bring more than 20 years of experience to the role and will succeed Mr Vinamra Srivastava, who will relocate to Singapore to assume a new role within the CapitaLand Group.

Formerly the Head of Investment and Chief Financial Officer of Ascendas-Firstspace[1], CLI’s India logistics venture, Gauri Shankar will be based in Bangalore, the headquarters for CLI’s India business parks business.  He will oversee CLI’s India business parks operations, investment, development, asset management and private fund management, as well as grow its portfolio of assets in the country.

Mr Jonathan Yap, CEO, Fund Management, who also oversees CLI’s business in India, said: “India is a core market for CapitaLand Investment, and it has significant potential for expansion as part of our growth strategy to position the company as a leading global real estate investment manager.  Gauri Shankar has been in the company for over 10 years and has played a key role in launching and expanding our logistics business in India.  He also brings a wealth of experience in private equity real estate investment and fund management as well as corporate finance.  We are confident that Gauri Shankar will continue the momentum in leading a talented team through the company’s next phase of growth and delivering value to our stakeholders.  We would like to thank Vinamra for his significant contributions to our India business and for successfully navigating our operations through recent times.  We wish him all the best in his new role.”

A graduate of London Business School, Gauri Shankar has also held key positions in Accenture, Deloitte, Samba Financial Group and TAIB Bank, in Singapore, India as well as in the Middle East and North Africa.

Ascendas-Firstspace was established in 2017 to deliver state-of-the-art logistics and industrial facilities across major warehousing and manufacturing hubs in India. It manages the assets of CapitaLand’s logistics private funds – Ascendas India Logistics Programme and CapitaLand India Logistics Fund II.