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Powering Ahead: Nexus Select’s Retail Empire Strengthens with New Leadership and Strategic Acquisitions

In a move that underscores its leadership depth and operational ambition, Nexus Select Malls has announced key senior leadership promotions:

  • Jayen Naik has been elevated to President – Operations, fortifying the execution backbone of the company.
  • Nirzar Jain now serves as President – Leasing, a critical role driving revenue and brand partnerships across the portfolio.
  • Gautam Vaswani has been appointed Chief Business Development Officer, leading new asset acquisitions and growth.
  • Pratik Dantara takes charge as Chief Investor Relations Officer, ensuring robust communication with stakeholders, analysts, and investors.

These appointments come at a time when Nexus Select Trust—under the stewardship of Dalip Sehgal, Executive Director & CEO—is rapidly scaling its position as India’s foremost retail REIT.

The Nexus Playbook: Strategic Expansion Meets Operational Excellence

Since its entry into the Indian market in 2016, Nexus has created a formidable footprint with 19 malls in 15 cities, comprising over 10.6 million sq. ft. of Grade A retail space. With 97.2% portfolio occupancy, FY25 tenant sales of ₹124 billion, and an impressive 130 million footfalls, the company exemplifies scale, efficiency, and strategic foresight.

The latest acquisitions in Ludhiana and Bengaluru reinforce Nexus’s northward and southern expansion while keeping focus on Tier 1 cities and high-growth Tier 2 urban hubs.

Shaping the Future of Indian Retail

With India’s mall footprint expected to cross 160 million sq. ft. by 2027 and an estimated 13–15% CAGR in retail rentals, Nexus Select is poised to ride the wave through:

  • Format innovation: Reimagining malls as lifestyle hubs with coworking, leisure, and F&B integration.
  • Tier 2 city expansion: Building premium experiences in high-potential cities like Indore, Bhubaneswar, Mysore.
  • Digital and ESG transformation: Using data-led tools for tenant curation and driving sustainable infrastructure upgrades.

Not Just Malls, But Momentum

Nexus Select’s journey is more than just a collection of high-performing assets—it is a blueprint for India’s new-age retail infrastructure. Under Dalip Sehgal’s leadership and an empowered executive team, the trust is redefining how malls are built, managed, and scaled in India.

As consumption deepens, urbanization accelerates, and retail real estate gets institutionalized, Nexus Select is not only keeping pace—it’s setting it.

The post Powering Ahead: Nexus Select’s Retail Empire Strengthens with New Leadership and Strategic Acquisitions appeared first on India Retailing.



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