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Wave Group Elevates Management Positions

September 28, 2011 - New Delhi, Delhi, India

Wave Group’s board has passed the resolution of elevating the management positions. The changes are effective immediately. Mr. Ponty Chadha, Managing Director Wave Group will now be heading the group as the Chairman & Managing Director (CMD). Mr. Raju Chadha, Joint Managing Director, Wave Group will now lead the Group as the Managing Director and Mr. Manpreet Singh Chadha, Director Wave Group will continue his long-standing support to the organisation as the new Joint Managing Director.

Commenting on the series of promotions, a Senior Company Official said, “The board decision to elevate the positions in the management team is reflective of the team’s consistent support in catapulting the group to newer height. It is with the management’s unrelenting and persistent efforts that the group today enjoys success across various verticals. As the backbone of the organisation, the team has been the constant driving force behind the company’s success to be a renowned name. We congratulate the team members and wish them the very best for their new role.”

Utilizing the strength of its management team, Wave Inc will pursue aggressive approach in broadening its horizons and winning over the confidence of its valued customers in the realm of the many industries.

Pioneering innovative and futuristic residential and commercial projects Wave Inc is accredited for introducing new age concepts such as the Wave City which is one of the largest integrated city developments happening in the NCR region. The company has recently announced the launch of Wave City Center, a sprawling commercial complex and the first-of-its-kind in Noida Sector, spanning across 152 acres.

About Wave Group

Wave Group is a diversified group with business interests spanning sugar manufacturing; distilleries; paper manufacturing; malls – development & operations; multiplexes – development & operations; liquor retail management and Coca Cola bottling plants. The Group’s other prominent residential projects under construction include WaveGreens, Moradabad; Wave Lakewoods, Hyderabad; and Fairlakes, Mohali.

Some of the big ticket commercial real estate projects that Wave Inc is developing in the business district of Noida for office and retail space include Wave One and Wave eleven in Sector 18, Noida. Wave Inc has recently inaugurated its mega commercial project Wave City Center in Noida Sector 32.

Source: Business Wire India


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