Appointment of Mr. Umang Pittie and Mr. Vaibhav Pittie as Whole-time Directors of the Company w.e.f. 22.05.2025
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Raja Bahadur International Ltd has appointed Mr. Umang Pittie and Mr. Vaibhav Pittie as Additional and Whole-time Directors effective May 22, 2025, for a three-year term subject to shareholder approval. Mr. Umang Pittie holds an M.Sc in Marketing & Strategy from University of Warwick and has over 15 years of real estate experience, having been with the company since 2011. Mr. Vaibhav Pittie is an IIT Bombay Civil Engineering graduate with 12 years of experience, including strategy consulting at Boston Consulting Group, and has been with the company for about a decade. Both appointees are relatives of Mr. Shridhar Pittie, the Chairman and Managing Director of the company.
This strengthens the promoter family's presence on the board, signalling continued family-led management. Existing shareholders should monitor whether this drives better strategic execution in the real estate business, while keeping in mind the increased concentration of decision-making within the promoter group.