Max Estates welcomes new directors to strengthen real estate endeavors

In a strategic move aimed at reinforcing its position in the real estate industry, Max Estates Limited has announced the induction of Mr. Anthony R. Malloy and Mr. Atul B Lall as Additional Directors (Non-Executive, Non-Independent) on its board, effective March 27, 2024. This pivotal decision highlights Max Estates’ commitment to driving growth and solidifying its status as a leading real estate brand in the National Capital Region (NCR).

Central to this development is the appointment of Mr. Anthony R. Malloy, who is currently serving as the Executive Vice President and Chief Investment Officer of New York Life Insurance Company (NYL). Mr. Malloy’s role on the Max Estates board is of special significance, given NYL’s strategic partnership with Max Estates and its commitment of Rs. 800 crores to bolster the real estate firm’s business operations. This partnership not only fortifies Max Estates’ financial backbone but also opens up avenues for further co-investment opportunities, laying the groundwork for expansive growth in the real estate sector.

Mr. Malloy brings to the board an extensive background in finance and leadership, underpinned by over two decades of experience and an MBA in Finance from the Stern School of Business at New York University. His appointment is expected to inject a new dynamism into Max Estates’ strategic planning and execution. Additionally, Ms. Jillian L. Moo-Young has been appointed as an Alternate Director for Mr. Malloy, further enhancing the board’s expertise.

Joining Mr. Malloy is Mr. Atul B Lall, who comes aboard as a Director with an illustrious career as the Managing Director and Vice Chairman of Dixon Technologies (India) Limited. Mr. Lall’s over 30 years of experience in the Electronics Manufacturing Services (EMS) industry is poised to offer Max Estates a unique perspective on innovation, growth, and strategic expansion. His proven track record and deep understanding of the EMS sector will be invaluable as Max Estates aims to elevate the quality of living spaces in the NCR region.

Having recently listed, Max Estates has rapidly emerged as a significant player in the NCR’s real estate landscape, known for its commitment to exceptional design, sustainability, and creating valuable experiences for its customers. The addition of Mr. Malloy and Mr. Lall to the board is a testament to Max Estates’ ambitious vision and its dedication to maintaining the highest standards of governance and stakeholder satisfaction.

Mr. Sahil Vachani, Managing Director and Vice Chairman of Max Estates, expressed his enthusiasm for the future, stating, “We are delighted to welcome Mr. Malloy and Mr. Lall to our board of directors. Their extensive experience, strategic insights, and leadership will be invaluable assets to the brand as Max Estates looks to scale, expand, and emerge as the most preferred brand in the National Capital Region.”