Maneesh Yadav has resigned as the chief executive officer (CEO) of Aditya Birla Real Estate Fund, a person familiar with the development told VCCircle.
He was earlier executive vice-president at Aditya Birla Finance.
Yadav has been with Aditya Birla Group for more than six years, according to his LinkedIn profile. He previously worked at ICICI Bank, Dhanlakshmi Bank and GE Medical Systems.
Emails to Yadav and a spokesperson of Aditya Birla Group did not get any response till the filing of this report.
Yadav holds a bachelor’s degree in mechanical engineering from the Manipal Institute of Technology and an MBA degree from the Institute of Management Studies, Maharshi Dayanand University.
The resignation was first reported by Business Standard, which said that Yadav is currently serving the notice period.
Aditya Birla Real Estate Fund’s maiden fund registered its final close for fundraising at Rs 1,100 crore in 2010. The fund had invested in projects such as Altus and Shivam Imperial Heights in Mumbai, L&T Eden Park in Chennai, Gurgaon Gateway and Amrapali Golf in Greater Noida.
Aditya Birla Real Estate Fund currently aims to raise $100 million for its second fund, according to a report by Business Standard. It has already raised $20 million and received commitment for another $20 million, the report said.
