Mumbai, 04 January 2018 – Aveek Sinha, erstwhile CFO for JLL India, has been elevated as the CFO & Head of Operations at India’s leading property consulting firm, JLL.
He takes on the position of Santhosh Kumar, outgoing CEO – Operations. Kumar, whose tenure ends on 09 Jan 2018, is moving onto an external opportunity. Ramesh Nair, CEO & Country Head of JLL India, today announced Sinha’s elevated appointment.
The transition in leadership at the operational level is a move to reinforce JLL India’s People & Leadership structure, in line with its internal Beyond Strategy for unfettered growth between 2020 and 2022.
An internal candidate appointed on merit, Sinha is based out of Bengaluru and will oversee the strategic coordination of operations between offices as well as seamless functioning across various businesses. Sinha will report to Nair across his operations portfolio.
Since joining the Firm in 2012, Sinha headed its finance practice, set up a strong governance system, risk management processes and achieved regulatory compliances. As CFO, he led the finance portfolio across all business lines and cities including Sri Lanka and Bangladesh, with additional oversight of the Legal practice.
A GE veteran, he has a strong track record of providing sound operational advice across a number of industries and large mature organisations. Being systems & process driven, he is credited with building a strong Centre of Excellence (CoE) for JLL’s financial operations in Bengaluru.
Commenting on Sinha’s appointment, Nair said, “As CFO & Head of Operations, Aveek will drive operations, productivity, innovation as well as actualise key business priorities such as specialisations, new business initiatives and more. Given his expertise, Aveek will bring in different perspectives, to ensure strategic vision translates into financial success. In the process ensuring a strong result-oriented culture. He has inherent strengths in cost and P/L management, along with relationship building and people management – all of which will stand him in good stead”.
“With his strong track record of providing strategic advice across a number of industries, his deep understanding of the businesses in India, he has proved himself to be an asset as a member of the leadership that now focusses on growth and excellence”.
“In the last one year, we have significantly augmented our talent pool and Aveek’s appointment is yet another step forward for us, as we continue to build and invest in our businesses and our talent. I’ve worked closely with him, and confident that he is perfectly placed to lead operations to take it to a new level. He has the innate ability to transform our strategy into earnings, through day-to-day effective operational and financial success. In terms of performance, we have had a fantastic 2017 despite a turbulent ecosystem. Keeping in view the opportunities being presented in India realty and the big plans we have for 2018, we should see more of such senior level announcements in the near future,” added Nair.
With the highest service delivery standards, JLL remains most favoured among clients in the country and reported revenues of approx. INR 2,900 crores in 2016-17. “It’s an absolute privilege and honour taking over as Head of Operations at JLL’s India business,” said Sinha. “I’ve had an enriching journey over the past five years and would like to thank the India and Global leadership for their support and confidence. I look forward to working more closely with our teams and clients, to produce outstanding outcomes and drive growth to the next level”.
Santhosh Kumar, who has been with JLL India for over 10 years, contributed significantly to its operations since the time of its acquisition of Trammell Crow Meghraj in 2007. Since 2007, he has been responsible for the Firm’s operations across various offices.
Commenting on the Kumar’s contribution, Nair said, “Over the past decade, Santhosh has been exemplary in the coordination of operations, service delivery standards and providing inputs for sustainable growth. On behalf of the entire India Firm, I thank him sincerely for his invaluable contribution and to the Firm’s development and growth as India’s top-ranked realty consultancy”.
JLL is India’s premier and largest professional services firm specializing in real estate. With an extensive geographic footprint across 11 cities (Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh and Coimbatore) and a staff strength of 9,300 the firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services including research, analytics, consultancy, transactions, project and development services, integrated facility management, property and asset management, sustainability, industrial, capital markets, residential, hotels, healthcare, senior living, education and retail advisory. The firm was awarded the Property Consultant of the Decade at the 10th CNBC-Awaaz Real Estate Awards 2015, Top Awards in India at the Euromoney 2017 and the Best Property Consultancy in India at the International Property Awards Asia Pacific 2016-17.