New Delhi: Realty consultant Knight Frank India on Monday said it has appointed Pranab Datta as its Chairman after incumbent Pranay Vakil retired at the end of September.
"Pranab Datta will succeed Pranay as Chairman, having been Vice Chairman and Managing Director of the firm for over five years, when he spearheaded the growth and expansion of the firm," Knight Frank India said in a statement.
Earlier, during end of last month, Vakil "decided to retire" from the firm following 17 years of service, it added.
"The Indian business has gone from strength to strength under his (Vakil's) leadership, increasing employee numbers from an initial 10 to over 800 and opening 7 offices across the country and with more planned," Knight Frank India said.
Commenting on the development, Knight Frank Group Chairman Nick Thomlinson said: "Pranay and I set up the business in 1995 and his unrivalled knowledge of the Indian property market and enthusiasm has ensured that Knight Frank is now a market leading firm across India."
Besides, Shishir Baijal has been appointed as the Country Head and Managing Director and he will join in October.
"He (Baijal) will also concentrate on business development, ensuring the company is best placed for the challenges that lie ahead. With his experience and the full support of the company, I am confident that the Indian business will go from strength to strength," Thomlinson said.
First Published: Monday, October 15, 2012, 15:40