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UK's Varakas Group to set up resort in Gir, Kevadia

BS Reporter  |  Ahmedabad 

UK-based Varakas Group is setting up wildlife resorts at Sasan Gir and Kevadia in Gujarat as a part of its investment plans in the real estate and hospitality sectors in India.

"The Group, a public limited company in the United Kingdom with a net worth of over 180 million pounds, will provide substantial backing for projects in Gujarat, Mumbai and Bengaluru, as well as setting up advisory operations for insolvency and asset reconstruction-related services," read a company statement here.

The Group's chairman, Himmz Modha, is a Gujarat-born UK resident and a first generation entrepreneur and angel investor.

Varakas has a presence in many countries, most notably in the US, the United Arab Emirates, Hong Kong, Switzerland and India.

First Published: Fri, May 09 2014. 20:58 IST