A new way of looking at industrial and logistics real estate
Indospace at a
Glance
Investment
Parks
Portfolio
Cities
Clients
Investment
Over
Portfolio
Cities
Clients
Over
Parks
Our Journey
2007-09
The Start of a Revolution
With an economic boom in 2007, global demands rose for better industrial parks in India. This demand led to the founding of IndoSpace by global investors, Everstone and Realterm in 2007. Our first IndoSpace Logistics Park (ILP) with USD 240 million was launched in 2008. The following year, we acquired the first land parcel of 1.7 million sq ft in Chakan near Pune. We had begun the logistics revolution.
2010-12
The Age of Modern Industrial Parks
2010 was when we broke ground on our first development of 1.7 million sq. ft in Chakan. IndoSpace further initiated construction at the first park in Luhari, acquiring land in the National Capital Region (NCR-Delhi) in 2011. And, the following year witnessed our rise as IndoSpace covered about 500 acres of land, and our portfolio reached 1 million sq. ft. Additionally, in the same year, we also launched our first park in Southern Chennai. We were setting the industry standard for everyone to follow.
2013-14
The Age of Expansion
With a strong industry foothold, we raised USD 344 million to set up IndoSpace Logistics Park II (ILP II) in 2013. Growing across 5 markets and 10 locations, we developed the logistics infrastructure of large industrial clusters, consumption centres, and major highways. This was the age of expansion for us.
2015-16
The Rise of Recognition
IndoSpace garnered more global recognition and awards from eminent industry bodies. We received the prestigious award for the “Warehousing Company of the Year” at the Supply Chain and Logistics Excellence (SCALE) awards in 2015. Starting from 2015, Euromoney awarded us as the ‘Best Developer of Industrial/Warehouse Real Estate in India’ for 5 consecutive years. Furthermore, our real estate portfolio had expanded to 5 million sq ft.
2017
The Super Scale-up
IndoSpace had a massive scale-up with 20 ready and under construction parks across Pune, Bengaluru, Chennai, NCR, and Mumbai. By 2017, the land bank exceeded 1000 acres. Our completed portfolio stood at a massive 8.4 million sq. ft, developing 14 million sq. ft and planned 7.6 million sq. ft. Everstone Group, Realterm and Canada Pension Plan Investment Board (CPPIB) also partnered with us to raise USD 1.2 billion to launch the IndoSpace Core fund.
2018
A National & Global Amplification
GLP, a leader in investment management and business builder in logistics, joined forces with us. At USD 580 million final closure, IndoSpace Logistics Parks III would create a corpus of more than USD 1.2 billion post leverage. The completed portfolio reached 13 million sq. ft, along with tapping into 4 new markets and over 1,300+ acres of the land bank.
2019
The Growth Story is Undeterred
IndoSpace successfully exited India's top-performing real estate fund - its first fund (IndoSpace Logistics Parks). We also entered 2 new markets in Punjab and Andhra Pradesh, giving us a national presence in 10 markets and 19 locations. We developed multiple parks across 6 states and Delhi-NCR. PERE Magazine, a leading real estate publication, listed us as 'Firm of the Year in India'. Our achievements grew to also include being ranked among the 'Top Three Overall Developers in India' by Euromoney.
2020
Our Commitment Stays Strong
The land bank of IndoSpace exceeded 1,500 acres and the completed portfolio crossed 17 million sq. ft. In addition, our leased portfolio also crossed 100 customers. With our early response to the global pandemic, the business continuity for all our tenant partners remained unhampered. We introduced value-added solutions and undertook technology-driven smart parks initiatives so that our customers could continue to focus on their core business. IndoSpace became the 1st company in India to be awarded the Platinum Certificate by IGBC for Green Logistics Parks and Warehouses. IndoSpace Core Portfolio received an AA+ with a stable outlook, and raised Rs 1,000 crores from HSBC for certified green projects. We invested in sustainability practices and implemented alternate power solutions (rooftop solar).
2021
The Future is Ours to Shape
Challenges evolved in 2021 and so did our solutions. We continue to find the most optimal solution for our clients. Our presence expanded with 41 parks across 43 million sq. ft, securing 1,620 acres of land bank in India. Our set goal is to cross 18 million sq. ft of developed parks portfolio by the end of 2021. Smart solutions transformed us into a future-ready company, building trust so our tenant partners can bank on our leadership.
Our Vision
Our Vision
Our Mission
Our Mission
OUR VALUES
Integrity
We do what is right, irrespective of circumstance or consequence.
Innovation
We raise the bar by introducing new ideas, technologies, and solutions to meet our clients’ needs and stay ahead of the curve.
Teamwork
We work better together to create shared success for our employees and customers.
Excellence
We outperform ourselves and set new benchmarks for quality and service delivery.
Trust
We are dependable and always willing to walk the extra mile for all our customers and stakeholders.
SPONSORS
OUR SPONSORS
Singapore headquartered Everstone, is a premier investment manager with assets of ~ US$7 billion across private equity, sustainability and climate change, logistics, digital and venture capital.
To know more, visit: www.everstonegroup.com
Realterm is an independent global investment manager focused on the transportation industry. We acquire, develop, finance and manage differentiated real estate and infrastructure assets serving land, air, sea and rail networks in North America, Europe and Asia Pacific.
To know more visit: www.realterm.com
OUR LEADERS
RAJESH JAGGI
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SHARAD GOHIL
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SHREYANSH SHAH
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DHEERAJ AGARWAL
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PALLAV SRIVASTAVA
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RAJESH JAGGI
Vice-Chairman
Real Estate (Everstone Group)
Rajesh has over 24 years of real estate leadership experience in India. His proficiency includes strategic planning, acquisitions, finance, sales, marketing, legal, project and facility management services. Before his employment at Everstone, Rajesh was the Managing Director of a USD 400 million market capitalisation listed real estate company. He led the successful commissioning of projects that summed up to 28 million sq. ft of real estate across residential, commercial, and retail space. In addition to a degree in Bachelor of Commerce from the University of Mumbai, Rajesh also has a degree in Master of Business Management and Finance from F.W. Olin Graduate School of Business, Babson, Boston.
BRIAN ORAVEC
Managing Partner & CEO
IndoSpace Capital Asia
ADITYA SIKRI
President
IndoSpace Development Management
SHARAD GOHIL
Chief Executive Officer(CEO)
IndoSpace Capital Asia
For over 20 years, Sharad has built experience in working with marquee private equity funds, global institutions, and property companies across all real estate asset classes. To date, he has completed over USD 4 billion of transactions. The transactions comprise end-to-end deal cycles of investments and asset and fund management across India, the UK, and Europe. His previous work experience includes Lapithus Management LLP, Apollo Global Management, AXA Real Estate Investment Managers, The Portman Estate, and Capital & Regional PLC. Sharad is also a Member of the Royal Institution of Chartered Surveyors (MRICS). He holds a Bachelor of Science (Hons) degree in Business Property Management from Sheffield Hallam University, UK.
DHRUTI DHOLAKIA
CHIEF LEGAL OFFICER (MD)
IndoSpace Capital Advisors
SHREYANSH SHAH
CHIEF FINANCE OFFICER (MD)
IndoSpace Development Management
DHEERAJ AGARWAL
MANAGING DIRECTOR – INVESTMENTS
IndoSpace Capital Advisors
PALLAV SRIVASTAVA
MANAGING DIRECTOR – PROJECTS & DEVELOPMENT
IndoSpace Development Management
Our GOOD WORK HELPS US WIN
2024
Best Realty Brand of 2024, By Economic Times Now
Best Industrial/Warehousing Project of the year awarded to IndoSpace Chakan By 15th Realty+ Excellence Awards 2024
Best Industrial/Warehousing Project, West for Chakan I and II, By Economic Times
Most Trusted Brand of India 2024, By Team Marksmen
Best Industrial Developer, By Institute of Supply Chain and Management
EEMAX Global Silver Award for Cutlery Bank Event
Green Project of the Year, By Construction Week in the Commercial Category
2023
Best Industrial / Warehouse Developer In India, By Euromoney Survey 2023
Sustainable Organisation of 2023, By Economic Times
Best Industrial / Warehouse Developer, By Realty+ Harit Bharat Excellence Awards
FM Project of the Year, 15th Realty+ Excellence Awards 2023
Firm of the Year – India, PERE Awards 2023
5 Star Rating by GRESB 2023
5 Star Rating by British Safety Council for Occupational Health and Safety
Sword of Honour by British Safety Council for Occupational Health and Safety
2022
4 Top Rankings at the Euromoney Survey 2022, Euromoney Real Estate 2022
4 Star Rating in the Warehouse and Industrial Sector 2022, By GRSB 2022
Iconic Brand of India, By the Economic Times Iconic Brands of 2022
2021
'Pioneer in large scale adoption of Green Logistics Parks in India' at the 8th IGBC Green Champion Awards 2021
Firm of the Year – India , PERE Awards 2021
Quality Excellence In Safety And Environmental Sustainability - 2021, at the 10th Manufacturing Supply Chain Leadership Awards
Logistics Deal Of The Year – 2021, at The Asset Triple A Infrastructure Awards
2020
Firm of the Year – India , PERE Awards 2020
Best Industrial/Warehouse Real Estate Developer In India 2020, ranked No.1 By Euromoney Magazine (6 years in a row, since 2015)
Best Innovative Green Developer in India 2020, ranked No.1 By Euromoney Magazine
Best Industrial & Logistics Infrastructure Player - 2017, 2018, 2019, 2020, at The CII SCALE National Awards
Quality Excellence In Safety and Environmental Sustainability 2020, Manufacturing Supply Chain Awards
Resilience Samurai Award in Supply Chain 2020, at The Industry Samurai Awards By Dynamic Manufacturing India
Industrial Project of the Year 2020 – North, Realty+ Excellence Award
2019
Firm of the Year – India, at PERE Awards 2019.
Best Industrial & Logistics Infrastructure Player 2019, at the CII Supply Chain & Logistics Excellence (SCALE) National Awards.
Premiere Warehouse Developer at Warehouse Excellence Awards 2019.
2019 Indian Industrial and Logistics Real Estate Developer Company of the Year Award by Frost & Sullivan.
Ranked No.1 “Best Developer of Industrial/Warehouse Real Estate in India”, 2019 by Euromoney magazine, for the fifth year in a row.
2018
Star Warehousing Company of the Year 2018, at the 12th ELSC Leadership Awards.
Developer of the Year – Warehousing, at the Times Network Presents National Awards for Marketing Excellence (For Excellence in Infrastructure and Construction) 2018.
Best Warehousing Project of the Year for IndoSpace Logistics Park Luhari, at the Times Network Presents National Awards for Marketing Excellence (For Excellence in Infrastructure and Construction) 2018.
2017
Ranked No.1 “Industrial/Warehouse Developer in India”, 2017 by Euromoney magazine, for the third year in a row.
Real Estate 2020 Footprint for the future, by CII Realty 2017.
Best Industrial & Logistics Infrastructure Player 2017, at The CII Supply Chain & Logistics Excellence (SCALE) National Awards.
Best Star Warehousing Company of the Year 2017, as part of ELSC Leadership Awards.
2016
Industrial Infrastructure Player under Logistics Service Industry 2016, at The CII Supply Chain & Logistics Excellence (SCALE) National Awards.
National Award for Supply Chain and Logistics Excellence – 2016, by CII SCALE. Special Award for Industrial Infrastructure Player under Logistics Service Industry.
Ranked No.1 “Industrial/Warehouse Developer in India”, 2016 by Euromoney magazine, for the second year in a row.
Warehousing company of the year 2016 at the ELSC Leadership Awards.
Warehousing Excellence Innovation Award – 2016, at the 10th Express Logistics & Supply Chain conclave.
Pioneer of modern industrial and logistics parks in India 2016 by Hamburg media.
2015
Awards for warehousing company of the year 2015, at the Supply Chain & Logistics Excellence (SCALE) awards.