Arun Nanda retires as Mahindra Lifespace chairman, to be succeeded by Ameet Hariani

Mahindra Lifespace Developers has announced Arun Nanda’s retirement from its board of directors and as Chairman. He will be succeeded by Ameet Hariani, who has been an Independent Director on the board since 2017.
Nanda had joined the Mahindra Group in 1973 and held several important positions within the group over the years.

He was inducted to the board of Mahindra & Mahindra (M&M) in August 1992 and resigned as Executive Director in March 2010 to focus on the social sector and create a favourable ecosystem for senior citizens. He continued as a non-executive director of M&M from April 2010 till August 2014.

“Arun has been an invaluable part of the Mahindra Group and been instrumental in its growth and expansion, especially in the services business. He spearheaded the Group’s foray into real estate and hospitality and set up Mahindra Holidays and Mahindra Lifespaces,” said Anand Mahindra, Chairman, Mahindra Group. “Arun remains a trusted advisor and a friend and I wish him all the best as he continues his work within the Group and with the industry.”

Nanda was instrumental in setting up the country’s first SEZ under the public private partnership (PPP) model in Chennai and later in Jaipur.

He will continue as the Chairman of Mahindra Holidays & Resorts (I) Ltd and Holiday Club Resorts Oy., Finland and as a Director of Mahindra Holdings.

Hariani, the new Chairman of the company, is one of the country’s leading advocates with over 35 years of experience advising clients on corporate and commercial law, mergers and acquisitions, real estate and real estate finance transactions. He is the Founder and Managing Partner of Hariani & Co. Hariani has now transitioned to advisory practice as a senior legal counsel and acting as an arbitrator. He is also an Independent Director on the board of Mahindra Logistics.