Parsvnath Hotels Ltd. (PHL) a subsidiary of Parsvnath Developers Limited (PDL), India’s leading company in real estate and infrastructure development with strategic tie-ups in hospitality sector has announced the appointment of Mr. D. N. Davar, Mr. B.K. Goswami, Mr. V.K. Chopra and Mr. R.J.Kamath as Independent Directors.

Mr. D N Davar, having done his Master’s Degree in Economics is a Certified Associate of the Indian Institute of Bankers and is a fellow of the Economic Development Institute of the World Bank. Mr. Davar who was Chairman of IFCI Limited is presently on the Boards of various reputed companies across the Country. Mr. Goswami has substantial experience in the hospitality industry and brings industry perspective and a great deal of practical knowledge to Parsvnath Hotels Limited. Mr. Goswami has held numerous executive positions in the hospitality industry including roles as Director with ITDC, has been chairman of and on board of Governors of Institute of Hotel Management & Catering Technology at New Delhi & Mumbai. Having rich experience in the tourism and hospitality sector Mr. Goswami has worked as Secretary with Department of Tourism, Government of India and Director General for Tourism with Government of India. Recognizing his expertise and excellence, Indian Association of Tour Operators awarded him “Hall of Fame” and he was also awarded the Lifetime achievement award by the Ministry of Tourism, Government of India.

Mr. V K Chopra, an eminent Chartered Accountant has been the former Executive Director of Oriental Bank of Commerce, Chairman & Managing Director of Corporation Bank and SIDBI and Director of IDBI Bank Limited. Mr. Chopra is a whole-time Member of SEBI and is presently on the Board of a number of reputed Companies.

Mr. Kamath, an eminent professional and former Chairman of the Andhra Bank and Canara Bank, with vast experience and expertise in finance, banking, legal and corporate management has been associated with Parsvnath Developers Limited as an Independent Director. Having substantial experience in the industry he brings with him industry perspective and a great deal of practical knowledge to Parsvnath Hotels Limited.

“With heightened interest in the hospitality sector to a number of drivers like availability of capital, the synergy that real estate developers bring to hotel projects and a huge demand for hotel rooms that stems from an increase in the number of business and leisure travelers plus tourists, we were looking forward for independent directors who have keen understanding of ever changing hospitality sector and with appointment of Mr. B.K. Goswami, Mr. D.N. Davar, Mr. V.K. Chopra and Mr. R.J.Kamath, I am sure, they will take Parsvnath Hotels Limited to new heights,” said Mr. Pradeep Jain, Chairman Parsvnath Developers Limited.

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