Wave Group names Ponty Chadha’s brother Rajinder CMD, son Manpreet VC
6 Dec 2012 7:01 AM IST
The Wave Group on Wednesday said that it has appointed Rajinder Singh Chadha, brother of slain liquor baron Gurdeep Singh (Ponty) Chadha, as its chairman and managing director (CMD). Ponty's son Manpreet Singh Chadha has been appointed Vice-Chairman (VC) of the group. 'The Wave Group announces the appointment of Rajinder Singh Chadha as its chairman and managing director and Manpreet Singh Chadha as vice-chairman of the group with effect from December 1, 2012,' the company said in a statement. Ponty and his brother Hardeep were killed in a shootout at their Chattarpur farmhouse on November 17.
The police have arrested 10 people, including the then Uttarakhand Minority Commission Chairman S S Namdhari and his PSO Sachin Tyagi.
'The appointed management will spearhead the overall growth and expansion of the Wave Group across its vast portfolio of sugar manufacturing, distilleries, paper manufacturing, real estate, multiplexes, education and retail management,' the company said.
Mainly responsible for the group's back office, finance and accounting, Rajinder currently administers the sugar manufacturing, entertainment, paper and other businesses. 'The group shall endeavour to follow the principles laid by him (Ponty) and today we take this opportunity to tell our stakeholders that the company still stands strong in its future endeavours,' assured Rajinder. Manpreet had joined his father in the business at the age of 19 and has been leading the operations and launches of the Wave group's retail and entertainment businesses — Centrestage Mall, Westend Mall, Wave Cinemas and Wave Infratech, comprising commercial & residential real estate.
'We would like to maintain that the progress of all our projects is on schedule and state the fact that together we stand committed in re-assuring all our customers, channel partners and stakeholders, ensuing prompt and timely delivery of all our projects,' he stated.
The police have arrested 10 people, including the then Uttarakhand Minority Commission Chairman S S Namdhari and his PSO Sachin Tyagi.
'The appointed management will spearhead the overall growth and expansion of the Wave Group across its vast portfolio of sugar manufacturing, distilleries, paper manufacturing, real estate, multiplexes, education and retail management,' the company said.
Mainly responsible for the group's back office, finance and accounting, Rajinder currently administers the sugar manufacturing, entertainment, paper and other businesses. 'The group shall endeavour to follow the principles laid by him (Ponty) and today we take this opportunity to tell our stakeholders that the company still stands strong in its future endeavours,' assured Rajinder. Manpreet had joined his father in the business at the age of 19 and has been leading the operations and launches of the Wave group's retail and entertainment businesses — Centrestage Mall, Westend Mall, Wave Cinemas and Wave Infratech, comprising commercial & residential real estate.
'We would like to maintain that the progress of all our projects is on schedule and state the fact that together we stand committed in re-assuring all our customers, channel partners and stakeholders, ensuing prompt and timely delivery of all our projects,' he stated.
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