Tuesday, April 22, 2008

Prasad Koneru

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Prasad Koneru, MD, Rakindo Developers

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Murali said...

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Prasad Koneru is the Founder-Chairman and Chief Mentor of The Trimex Group that has global business operations across Mining, Processing and Trading. The Trimex Group founded in 1985 is now foraying into Real estate & Infrastructure in India with the formation of RAKINDO Developers Pvt. Ltd.


Prasad as Managing Director, RAKINDO Developers Pvt. Ltd. will drive the India operations. RAKINDO Developers Pvt. Ltd. has been formed with the objective of constructing and developing concept based state-of-the-art integrated townships across India and set new standards for Indian real estate & Infrastructure.


A graduate from Andhra University in India, Mr. Prasad transitioned the Trimex Group into a global leader in Industrial Minerals. Trimex has recently undertaken a new project in Beach Sand mining & processing that would take the Group’s turnover to over USD 1 billion in the next 2 years, in the minerals business alone.


In addition to these business roles, Prasad is a Director on Board of The RAK Investment authority and performs a key role in promoting investments between the United Arab Emirates and India. Prasad liaises between the state governments of India and the emirates of the UAE and has espoused many such initiatives across various sectors – Manufacturing, Real Estate, IT etc.
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RAKINDO Developers Pvt. Ltd. is a 50:50 Joint Venture between RAKEEN (PVT) Ltd, UAE, [a Private Joint Stock Global Business Company], promoted by the Government of Ras-Al-Khaimah, UAE and Chennai-based Trimex Group with an initial investment of USD 250 Million.


RAKINDO Developers is a Real Estate Master Planner focused on creating a lifestyle change in the way young India works, lives and plays, with its concept based integrated townships, hospitality and infrastructure projects. All developments by RAKINDO are master planned on a "walk to work", theme with the Golf Course being the leit motif. RAKINDO’s projects are designed in a manner to create space, greenery and ensure that residents not only own a beautiful home, but also an environment conducive to good health and well being.


RAKINDO Developers, headquartered out of Chennai will have a committed capital outlay of over USD 5 billion over the next five years for its projects in India and will over the next seven years develop on a conservative basis 50 million square feet of residential, commercial and office space.


Mr. Prasad Koneru is the Managing Director, RAKINDO Developers Pvt. Ltd.

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