By 25 March, 2010

Saffron Asset Advisors Limited has elevated Ritesh Vohra to managing director. Vohra succeeded Ajoy Veer Kapoor, said a company statement.

In his new role, Vohra will be responsible for identifying new opportunities and stimulating the real estate fund management business at Saffron. He was earlier responsible for all acquisitions, diligence, and research and asset management activities of the firm.

Ajoy Veer Kapoor, Saffron Asset Advisors MD, will now focus on further growing all the company’s existing businesses and identifying newer opportunities for the group.

Vohra has over 12 years of experience in retail and real estate business. He joined Saffron Asset Advisors in 2005. Prior to that, he was the CEO of First Franchising Private Limited, a boutique advisory firm focused on retail, franchise and real estate sectors. He also worked with Jones Lang LaSalle and Chesterton Meghraj as part of their real estate advisory business in India.

Saffron Group is an independent India focused real estate investment fund management group. Apart from its asset management business, the group also offers advisory services through its holding company Saffron Capital Advisors Limited (SCAL). Saffron Asset Advisors is the India investment advisor to SCAL.

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