The Importance of Integrating ESG to Attain Sustainable and Responsible Growth in Emerging Sector

Rajesh Jaggi is the Vice Chairman - Real Estate, at the Everstone Group, one of Asia’s premier investment groups focused on domestic investments in India and Southeast Asia, and cross border North America – Asia investments.

Rajesh joined Everstone in 2012 as a partner and is responsible for all real estate investments and operations of the group. He has over 25 years of real estate leadership experience in India, including strategic planning, acquisitions, finance, sales and marketing, legal, and project and facility management services.

Under his leadership, Everstone Group’s industrial real estate business ​​– IndoSpace, – has become the pioneer and the largest developer and owner of Grade A industrial and logistics real estate in India and has taken the total commitment to India to above US$ 3.2 billion. IndoSpace is the only pan-India developer of modern industrial real estate and has a portfolio of 49 million square feet across 44 logistics and industrial parks with a marquee tenant profile consisting of blue-chip, multinational conglomerates such as IKEA, Amazon, Nissan, DHL, DB Schenker, Delhivery, Steelcase, Ericsson, Bosch, and Aptiv. These facilities are in and around nine major industrial corridors /consumption hubs – Delhi NCR, Mumbai, Pune, Bengaluru, Chennai, Ahmedabad, Coimbatore, Anantapur, and Rajpura – and well connected through rail, road, air, and sea.

In 2020, Euromoney magazine ranked IndoSpace amongst the top three overall Real Estate Developers in India for the second year in a row and named it the ‘Best Developer of Industrial/Warehouse Real Estate in India’ for the sixth year in a row. In the same survey, IndoSpace was also awarded the ‘Best Innovative Green Developer in India’ for 2020, based on IndoSpace’s continuous efforts to integrate sustainability and adopt sustainable technology to reduce carbon footprint.

IndoSpace has also been named the ‘Firm of the Year - India’ thrice in a row by the respected ‘PERE’ magazine, the real estate arm of PEI, at PERE Awards 2021.

In 2018, IndoSpace formed a strategic long-term partnership with GLP, the leading global provider of modern logistics facilities and technology-led solutions. GLP has over US$ 100 billion assets under management. Through this partnership, GLP has become an investor in IndoSpace Core, a joint venture established in 2017 by IndoSpace and Canada Pension Plan Investment Board (CPPIB) focused on acquiring and developing modern logistics facilities in India. CPPIB initially committed approximately US$ 500 million to IndoSpace Core.

Rajesh is also a Young Presidents’ Organization (YPO) member in the YPO Gold Mumbai Chapter since 2013. Before joining Everstone, he was the Managing Director of Peninsula Land Limited, a USD 400-million market capitalization listed real estate company, where he led the successful commissioning of projects that totalled 28 million square feet of real estate across residential, commercial, and retail space.

Recently under Rajesh’s guidance, Everstone Group has established ‘EverYondr’ – a joint venture with the Yondr Group, a global leader, developer, owner-operator, and service provider of hyperscale data centers, to develop and operate data centers in India and support hyperscale clients and service in the fast-growing Indian market. EverYondr has already received commitments of $500 million and will seek to raise an additional $500 million to take the final capital commitment to US$1 billion.

Rajesh is a graduate of the University of Mumbai and an alumnus of F.W. Olin Graduate School of Business at Babson College, Boston. He was featured as one of India’s Hottest Young Executives by Business Today magazine (February 8, 2009 issue) – recognition for his contribution to leading Peninsula from a local Mumbai-based developer to a notable national player.