Milestone Capital Advisors Limited, Mumbai-based Real Estate Private Equity firm, has hired Dhruv Jain as its Chief Financial Officer & Head - Risk Management.
He will be responsible for the financial control, treasury, budgeting, MIS & risk mitigation activities at Milestone and its subsidiaries, and will also play an important role in growing the Debenture Trustee and NBFC businesses for which Milestone has already secured the licenses, stated a company release.
Dhruv, who enjoys 21 years of experience in financial services space, was the group Chief Financial Officer at India Infoline Limited (IIFL) and was responsible for the overall financial management of group and its businesses. He had worked with organizations such as CitiFinancial, Bharti Airtel, Kotak Securities and ITC Classic Finance.
In early 2014, Milestone had roped in Alok Aggarwal from SUN-AREA Property Partners, as a managing partner and CEO of its real estate private equity business.
The firm had also hired Nitin Goel from AIG Real Estate as partner for real estate investments. In March 2013, Milestone Capital had sold Milestone Religare Investment Advisors Private Limited (Milestone Religare), an equal joint venture between Milestone Capital and Religare, to Quadria Capital.
Under 7 real estate funds, Milestone owns Rs 3,000 crore assets under management (AUM).