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Realty firm Omaxe appointed Vineet Nanda as President

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Omaxe

Last month, the company reported a 15 per cent decline in consolidated net profit at Rs 7.68 crore for the quarter ended December as against Rs 9.04 crore in the year-ago period.

Realty firm Omaxe on Monday said it has appointed Vineet Nanda as President sales and operations. Nanda has served two other real estate companies – Central Park and M3M Ltd – before joining Omaxe, the company said in a statement.

Omaxe has a diversified product portfolio with approx 119.5 million sq ft of delivered space in both real estate and construction contracting. Last month, the company reported a 15 per cent decline in consolidated net profit at Rs 7.68 crore for the quarter ended December as against Rs 9.04 crore in the year-ago period. Total income declined to Rs 185.68 crore in the third quarter of 2019-20 as against Rs 249.65 crore in same period last year.

Source: PTI

(Note: The story has been published without modifications to the text. Only the headline has been changed.)

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