Gursehaj Dhillon's Minion-Themed Birthday

 

You don't turn six every day. Nayantara and Gurpreet Dhillon ensured their son Gursehaj would have a birthday to remember by throwing a mega Minion-themed party. From cakes to entertainment, it was all rather spectacular, producing big smiles all round from the young attendees. 

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Taking Religare beyond India

 The trust aims to expand its portfolio to other Asia-Pacific markets, says its CEO Gurpreet Dhillon, reports NISHA RAMCHANDANI

A YEAR into its listing on the Singapore Exchange (SGX), Religare Health Trust (RHT) is considering expanding its portfolio beyond India to include other Asia-Pacific markets, even as it continues to push for growth from existing assets.

"The first year was about stabilising the portfolio, about delivering everything we set out to our investors," Gurpreet Dhillon, RHT's CEO told BT in an interview. "The next year is going to be about building on that foundation, looking for growth opportunities both inside the portfolio and outside."

Mr Dhillon assumed the role of chief executive in May this year, taking over from Ravi Mehrotra, currently executive chairman, in order to separate the roles of CEO and chairman.

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Singaporean companies believe in India despite economic woes

 Singaporean companies still believe in long-term opportunities in India despite the recent plunge in rupee value and the weakening economic outlook, according to a media report.

Singapore property group Ascendas, which has real estate assets in Bangalore and Chennai, believed in its long-term growth, its president and chief executive Manohar Khiatani said.

"It has a competitive, qualified labour force and global companies will continue to choose India to conduct their businesses," The Straits Times Monday quoted Khiatani as saying.

"The country's real estate sector is in its growing phase and we believe key sub-sectors including industrial, IT and commercial space will continue to see steady demand," he said.

Singapore-listed Religare Health Trust (RHT), which has a portfolio of health-care assets in India, was banking on the Indian market potential, especially citing the shortage of hospital beds relative to rising demand.

RHT chief executive Gurpreet Dhillon said strong and sustained growth in the Indian health-care sector was being driven by solid fundamentals such as a growing middle class, an ageing population and changing disease profiles.

India has a "huge untapped demand but limited supply" of serviced residences to cater to rising numbers of expatriates and travellers, added Alfred Ong, managing director for strategic development and Indian market at The Ascott which has two serviced residences in Bangalore and Chennai and would open five more over the next few years.

The general consensus about India was still positive, even though the country faced challenges in the short-run, said Benjamin Yap, regional director for South Asia at trade promotion agency, International Enterprise Singapore.

Yap saw new opportunities for Singapore companies in the infrastructure, manufacturing and consumer goods sectors in the Tier 2 cities such as Pune, Lucknow and Visakhapatnam, especially after growth saturates in Tier 1 cities like Mumbai, New Delhi and Bangalore.

"India continues to pursue economic liberalisation, creating opportunities for foreign investors, including Singapore companies. What we are seeing is a short-term issue which should not detract companies from the market's long-term potential," Yap said.

The Straits Times also cited other business executives expressing concern about India's red tape, complicated tax environment and challenges of dealing with bureaucrats.

International media reports have highlighted foreign investors pull out of Indian stocks and bonds on the back of economic uncertainties.

Religare Health Trust promotes Gurpreet Singh Dhillon as CEO

 He has been elevated from COO role while retaining his executive directorship role.

The Board of Religare Health Trust announced the appointment of Gurpreet Singh Dhillon as chief executive officer.

Mr Gurpreet Singh Dhillon, 29, will be responsible in managing the daily operations relating to Religare Health Trust Trustee Manager Pte. Ltd. ('RHTTM') and Religare Health Trust.

Mr Gurpreet Dhillon is a founding shareholder of Religare Enterprises Ltd ('REL'), the listed entity that holds RHTTM. Since being set up in 2001, REL has grown to become one of India’s largest Financial Services groups with a leading presence in sectors Broking, Insurance, Lending and asset management. He has been instrumental in helping REL build its investment banking and asset management ventures in emerging markets.

From 2005 to 2011, Mr Dhillon was on the Board of Directors of Religare Capital Markets Plc, the investment banking arm of REL which focuses on emerging markets. Prior to his appointment as CEO, Mr Dhillon was COO of RHTTM, where his responsibilities included overseeing operations and investments of RHT. Mr Dhillon has deep corporate finance and real estate experience, having worked on a number of Indian real estate transactions.

Screening Of Padmaavat With Shahid Kapoor

 Gurpreet and Nayantara Dhillon recently hosted a screening of Bollywood epic Padmaavat in benefit of the charity Food from the Heart. The expat couple from Delhi invited the movie's protagonist Shahid Kapoor to grace the event, which started with a high tea at their home in the presence of their close friends. They then moved on to the Gold Class cinema in Vivocity, where they enjoyed the screening of the highly controversial Sanjay Leela Bhansali period drama, which also stars actors Ranveer Singh and Deepika Padukone. 

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SINGAPORE PRESS-Religare Health Trust sets vision beyond India - Business Times

RELIGARE Health Trust (RHT) on Wednesday reported a 1.4 per cent rise in distributable income to S$15.3 million for the fourth quarter ended March 31, even as revenue for the period slid.

Distribution per unit (DPU) for the quarter edged up 0.5 per cent to 1.91 Singapore cents from a year ago.

Revenue excluding straight lining fell 2.8 per cent to S$33.8 million, while net service fee and hospital income slid 3.4 per cent year on year to S$23.3 million.

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SINGAPORE PRESS-Religare Health Trust sets vision beyond India - Business Times

 A year into its listing on the Singapore Exchange (SGX), Religare Health Trust (RHT) is considering expanding its portfolio beyond India to include other Asia-Pacific markets, even as it continues to push for growth from existing assets.

"The first year was about stabilising the portfolio, about delivering everything we set out to our investors," Gurpreet Dhillon, RHT's CEO told BT in an interview. "The next year is going to be about building on that foundation, looking for growth opportunities both inside the portfolio and outside."

Its preference would be to invest in more stable markets, such as Australia or Japan, to help offset the risks in emerging markets such as India. 

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