Unitech hires Jayesh Desai for infra unit

Unitech hires Jayesh Desai for infra unit

New Delhi: The real estate major Unitech Group is looking to power its push into infrastructure with a new hire, Jayesh Desai, an industry insider said.

The company recently diversified into the infrastructure business – a traditionally more defensive sector - by launching Unitech Infra, leveraging its existing know-how in real estate, which is more vulnerable to economic cycles.

Desai, was in the news in February this year for leaving his consultancy job at Ernst and Young, where he was the national director for infrastructure, real estate and government, to join funds house Enam Securities where he managed a private equity fund. His stint at Enam only lasted a few months but his tenure at E&Y lasted nearly a decade where he held the post of National Director from 2008.

He refused to confirm or deny the new development and emails to Unitech went unanswered.