Trikona Group Announces Appointment of His Highness Maharaja Gajsinghji of Jodhpur as Chairman of Apodis Hospitality

Trikona Group, which contributes to India’s growth in a socially aware manner by creating new asset classes around real estate and infrastructure, today announced that HHM Gajsinghji of Jodhpur, a leading hotelier in India, has been named Chairman of Apodis Hospitality, the hospitality company affiliated with the Trikona Group.

As president of the 150 member Indian Heritage Hotels Association, Gajsinghji has helped shape the hospitality and tourism industry in India. He will provide strategic guidance to Apodis Hospitality as it develops properties across the country. Gajsinghji has also created business partnerships with leading hotel companies focused on preserving the traditions of heritage hospitality in India. WelcomHeritage, a joint venture between the Jodhpur Royal Family and ITC Ltd., one of India’s foremost private sector companies, has over 60 heritage destination sites. In alliance with the Taj Group Hotels, Gajsinghji also renovated his own palace, The Umaid Bhawan, one of the world’s largest private residences with its own museum, and now a world class palace hotel.

Gajsinghji joins a team of industry veterans including Dr. P.S. Rana, former chairman and managing director of Housing and Urban Development Corporation Limited (HUDCO), India’s largest housing and utility infrastructure company. Michael McCook, former senior investment officer of real estate for CalPERS, the largest U.S. pension fund, and current senior advisor to the Trikona Group, also serves on the board of directors for Apodis Hospitality.

“I am pleased to join the board of Apodis Hopsitality, as I share its vision to preserve the deep cultural heritage of India. Apodis Hospitality also has the leadership expertise and strong local partnerships to successfully contribute to India’s growth,” said HHM Gajsinghji of Jodhpur and Chairman of Apodis Hospitality. “We have an exciting opportunity to build the future of our nation by honoring its past.”

“Well-known for his achievements in the hospitality sector, His Highness Maharaja Gajsinghji is also a noted philanthropist. He is highly aware of the nation’s social complexities and needs of the middle and lower classes, and therefore affirms Trikona Group’s socially responsible approach to real estate investment and development,” said Aashish Kalra, Co-Founder and Managing Director of Trikona Capital. “We are delighted to have Gajsinghji provide expert insight as we continue to expand our hospitality platform in India.”

HHM Gajsinghji of Jodhpur is the former chairman of the Rajasthan Tourism Development Corp. and serves on the Governing Council of the Indian National Trust for Art & Cultural Heritage (INTACH). He is also a recipient of the prestigious Hardrian Award conferred by the World Monument Fund.

The Trikona Group contributes to the growth of India by creating new asset classes around real estate and infrastructure through a strong emphasis on social responsibility. To successfully raise and deploy capital, Trikona operates through fund management, project development, operating businesses and asset management. An experienced team in India, strong U.S.-based governance and investor reporting standards, and strategic partnerships with leading companies are the foundation to Trikona’s execution platform in India’s high growth industry sectors. Together with its partners, Trikona has created a complete ecosystem of projects and companies across the residential, commercial, retail, infrastructure, industrial, hospitality, and urban rejuvenation sectors, forming an aggregate value of $7-10 billion. Trikona has offices in New York, London, Delhi and Mumbai. For more information, go to www.trikona.com.

Apodis Hospitality Corporation is a high growth hospitality enterprise for the Indian market and affiliated with the Trikona Group. Through a socially aware platform, Apodis is creating a multi-brand, multi-segment hospitality portfolio. Guided by a seasoned team of investment managers and hotel experts, Apodis Hospitality has also partnered with some of the most recognized brands in the industry to combine local and international experience in development, marketing and operations management.