Everstone Group-backed IndoSpace, India's largest warehousing developer, has appointed Anshuman Singh, founder of Stellar Value Chain Solutions, as its managing director and chief executive. Rajesh Jaggi will continue as vice-chairman (real estate) at the Singapore-based private equity firm.
WarehousingLogisticsIndospaceAnshuman SinghReal EstateReal EstateJun 15, 2025
Anshuman Singh is the founder of Stellar Value Chain Solutions and the newly appointed managing director and chief executive of IndoSpace. He has extensive experience in the logistics and warehousing industry.
IndoSpace is India's largest warehousing developer, founded in 2007 as a joint venture between private equity firm Everstone Group and industrial real estate company Realterm. It operates over fifty logistics parks spanning 60 million sq. ft across 11 cities.
Rajesh Jaggi, who played a key role in building the IndoSpace business, will continue as vice-chairman (real estate) at the Singapore-based private equity firm.
IndoSpace is exploring the possibility of an infrastructure investment trust (InvIT) or an initial public offering (IPO) in the medium term. The company also plans to offer value-added services for its clients.
Last year, IndoSpace sold 2.5 million sq. ft of warehousing space to Alta Capital for around $100 million. This year, it inked a long-term lease of over 700,000 sq. ft with RenewSys India and leased 127,000 sq. ft in Pune to Steelcase Asia Pacific Holdings.
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