PDL announces appointment of Joint Managing Director for SEZ arm

Mr. Aggarwal with a rich experience of 36 years is an MBA from Faculty of Management studies (FMS), Delhi University and has also done his M.Sc. in Physics from Delhi University. Prior to his joining Parsvnath SEZ Limited (PSL), Mr. Aggarwal worked with DLF Home Developers Limited as Executive Director. Mr. Aggarwal, a former civil servant, had worked in various capacities viz. First Secretary in Government of India, GM DESU, Principal Secretary (Health & Family Welfare), Principal Secretary (Revenue & Delhi MRTS), Divisional Commissioner, Delhi, Commissioner Municipal Corporation of Delhi, Administrator, Union Territory of Lakshadweep as well as Administrator, Union Territories of Daman & Diu and Dadra & Nagar Haveli and a series of other positions under Government of India and NCT of Delhi.

"We are pleased to welcome Mr. S.P.Aggarwal to the Parsvnath team. A former IAS officer of Arunachal cadre, having rich experience at various levels in the Government both in the state and the centre, he will be a valuable contributor in accelerating the activities of Parsvnath SEZ Limited," said Mr. Pradeep Jain, Chairman of Parsvnath Developers Ltd.

Commenting on joining Parsvnath SEZ Limited as Joint Managing Director, Mr. S.P.Aggarwal said, "Parsvnath is a robust and fundamentally strong company with strong focus to participate in the infrastructure development and I feel that with my experience and support from the management and colleagues we will be able to achieve company's vision".

About Parsvnath Developers Ltd

Parsvnath Developers is noted for its rapid pan India spread. It is the fastest growing real estate group in India. Parsvnath Developers is amongst the largest listed real estate companies in India. As of today, company is developing 114 mega projects spanning 211.32 million square feet in 49 cities and 17 states. For the year ended March 31, 2008, Parsvnath Developers Ltd. recorded consolidated revenues of Rs 1837.12 crore and net profit of Rs 424.39 crore. For more details please visit www.parsvnath.com