Appointment of Mr. Umang Pittie and Mr. Vaibhav Pittie as Additional and 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. Both are relatives of Mr. Shridhar Pittie, the Chairman and Managing Director, indicating entry of promoter family members onto the board. Mr. Umang Pittie holds an MSc in Marketing & Strategy from the University of Warwick and brings 15+ years of real estate experience, having been associated with the company since 2011. Mr. Vaibhav Pittie is a B.Tech Civil Engineering graduate from IIT Bombay with about 12 years of experience, including strategy consulting at the Boston Consulting Group, and has been with the company for a decade.
This move deepens promoter family involvement in day-to-day management and signals a generational succession plan at the board level. For shareholders, the appointments bring experienced insiders into formal executive roles, though it also raises promoter concentration on the board.