Tags: 20:20 MEDIA, Chintels India, Delhi, Hyderabad, Lanco Hills Technology Park Private, New Delhi, South India Corporation, Southern Petrochemical Industries Corporation

New Delhi, July, 2008: Chintels India, today announced that it has further strengthened its senior leadership team with the appointment of Mr. D. Vasudevan as the company’s Chief Executive Officer effective immediately. Mr. Vasudevan brings extensive experience of about 30 years in the industry with leading integrated organisations, developing new business and focusing on driving profitable growth in competitive markets.

A civil engineer by profession, Mr. Vasudevan started his career with Southern Petrochemical Industries Corporation Ltd (SPIC Ltd), a fertilizer giant in South India. Subsequently he moved to their parent company, South India Corporation Ltd (SICAL). After a long stint there he decided to work overseas with an Italian company. After returning to India, he joined Lanco Hills Technology Park Private Ltd at Hyderabad as Vice President (Commercial).

Mr. Prashant Solomon, Jt. MD of Chintels India said: “We are entering an exciting period of growth for Chintels India. I am delighted that Mr. Vasudevan is joining our senior leadership team as the company gears up for extensive development plans and looks to future growth opportunities in the Indian market.”

Mr. Vasudevan said: “Joining Chintels India and moving to Delhi is a wonderful opportunity. The company is in a hugely exciting period which provides significant opportunities to grow and develop the business. I’m delighted and looking forward to face the challenge and play a key role in that growth”. Mr. Vasudevan has handled and managed a variety of projects like buildings, roads, bridges, dams and industrial structures during his career. During the period with SICAL, he also developed residential and commercial projects. He has specialized in commercial side of the projects in the last 15 years. He thus brings with him vast managerial & technical skills and will add value to the business growth of Chintels.

About Chintels

Chintels India Ltd., the flagship company of the Chintels Group of companies, is an emerging Real Estate Developer in the face of modern India. It is nation’s emerging real estate & infrastructure developer and one of the pioneers in promoting new Gurgaon. Chintels India plans to design all its buildings to meet at least Gold rating from LEEDS, UK. The LEED Green Building Rating System™, is an internationally accepted benchmark for high-performance green buildings, bases its certifications on sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality. The platinum award is its highest level of recognition.

Chintels India, a Niche Player and brand name known in the industry for their quality and reliability, plans to develop properties in conformance with international standards by using the best quality materials with strict adherence to construction schedules. Chintels India actively seeks growth by investing in a variety of systematically identified businesses making it a well-diversified business with interest in a range of projects such as Residential, Farm Houses, Commercial Complexes, Hotels, Business Centers and eventually Special Economic Zones.

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For further information:

Rinu Jha / Ankita Upadhyay

20:20 MEDIA

9999687155 / 9711101860

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