PORT LOUIS, Mauritius, Oct. 5 /PRNewswire/ -- Red Fort Capital announced today that the firm has received GIREM's 2010 "Investor of the Year" Leadership Award in recognition of Red Fort's achievements and track record in India's private equity real estate sector. GIREM (Global Initiative for Restructuring Environment & Management) is an independent industry association focused on urban planning and real estate in India.
Mr. Parry Singh, Managing Director of Red Fort, stated that "GIREM's leadership awards are recognized within India's real estate industry as a testament to strong performance, and the Red Fort Capital team is therefore pleased to receive GIREM's 2010 Investor of the Year Award." Mr. Shyam Sundar S. Pani, Executive Director of GIREM, confirmed that "The 2010 Investor of the Year award acknowledges Red Fort's accomplishments as a value-added investor with deep execution capabilities and the capacity to drive performance across its portfolio."
An industry panel comprised of executives from Jones Lang LaSalle, J.P. Morgan, Kotak Realty and Divyasree Developers selected Red Fort as the winner. Ernst & Young, the global professional services firm and Big Four auditor, established the award's overall criteria and selection process. The award was presented to Red Fort at GIREM's Urban Planning and Leadership Summit in Goa, India.
Mr. Subhash Bedi, Managing Director of Red Fort, added that "We appreciate GIREM's mission to promote industry dialogue, information sharing and best practices in real estate and look forward to a continued long-term relationship."
About Red Fort Capital
Red Fort Capital is a leading private equity real estate firm focused on India. The firm's global institutional investors include sovereign wealth funds, pension funds and insurance companies. Red Fort Capital received GIREM's 2010 "Investor of the Year" Leadership Award, and PERE magazine ranked Red Fort Capital as a "Top Ten Emerging Manager" worldwide in 2008. For further information about Red Fort Capital, please visit www.redfortcapital.com.
SOURCE Red Fort Capital