Nitesh Estates Limited announced the appointment of Kamal Daluka as Executive Director & Chief Financial Officer of the company with effect from April 10, 2019. Mr. Kamal Daluka a Chartered Accountant and Company Secretary with over 25 years of experience in manufacturing, trading, real estate, service, infrastructure project, education and other industries. He was formerly associated with Adani Group and he has been CFO and Head of Finance, with knowledge of global and Indian best practices for over 12 years.

Mr. Madras Arunachalam Venkateshan, the Current CFO, who is turning 63 years of age, has requested the Company that he would like to retire from the services and accordingly the Company has accepted his request. His retirement-exit shall be effective from the closing of working hours on April 30, 2019. The company also appointed Mr. Rakesh Singh as Chief Executive Officer with effect from April 10, 2019.

He was formerly a Chief Operating Officer at Manipal Health Enterprises, Senior Vice President-Sales at Reliance Jio Infocomm Limited and he was a Co-founder & Director of CIIQ Healthcare Catalysts Private Limited. He will be responsible for day to day business activities of the Company.