Precious Trading and Investments Ltd.

Overview

We, Precious Trading and Investments Ltd. (PTIL), a company incorporated under the provisions of the Companies Act, 1956 in the year 1993, are the part of Sheth Group of Companies. PTIL is engaged in the business of Trading and Investments activities.

Holding Company

PTIL is a subsidiary of Sheth Developers Private Limited (SDPL). SDPL is a flagship company of the Sheth Group, Mumbai. SDPL is engaged in Real Estate Development in Mumbai and suburban area since 1993.

Associate Company

PTIL has an associate Company i.e. Sheth Developers and Realtors (India) Ltd. which has developed 9.1 Lakhs sq. Ft. Shopping Mall cum Entertainment centre at Thane. 100% of the area has been leased with some of the leading retailers of India, i.e. Shoppers Stop, Hyper City and Cinepolis etc.

Overview of Sheth group

Sheth Group is engaged in Real Estate Development in the Central and western region since 1986. The Group under such various entities has completed work for more than 8.7 Mn sq. ft. of living space and concentrating in up market destinations like Prabhadevi to cater the upper class and growing suburbs of Thane, Mulund, Vasai, Andheri, Goregaon and Kandivali to cater the needs of middle class families.

The team at Sheth Group comprise of over 500 personnel mix of professional like CA, MBA, Law Graduate, Civil Engineers, of which more than 200 are Civil engineers are deployed on the site to use their expertise in ensuring qualitative construction. The Group invites eminent Legal advisors besides reputed project consultants from Infrastructure Development firm, Architects firm, Landscape design firm, and Structural Firm. Their personal Involvement in the project is of immense value to the Group. With capability of executing large projects simultaneously backed by enterprising team of employees Sheth Group has earned an enviable height. Sheth Group follows decentralized system of working Legal, Architectural, Engineering, Construction, Marketing and Finance; all these departments work independently yet in tandem, thus expediting the work process by reducing time wastage. This system has helped timely completion of the scheduled task of a premier quality, something that every home seeker expects from a reputed builder. The operations of the business are managed from a corporate office in Mumbai.

Board of Directors

Mr. Ashwin N. Sheth - Chairman and Non - Executive Director

The founder of the Sheth Group, he learnt the tricks of trade at a very young age. He started the construction business and is responsible for business strategies, land acquisition, Finance and project planning. He has evolved into a seasoned entrepreneur who is one of the pioneers of the contemporary elevation ideas, quality construction at economical rates and many other revolutions. Today he control key departments viz. Architect, legal, Finance, and Corporate Planning.

Mr. Jitendra N. Sheth - Non - Executive Director

He controls the marketing wing of Sheth Group. His deep rooted experience in diverse commercial activities of a family business, makes him ideal for overseeing the Group’s this core departments.

Mr. Vallabh N. Sheth - Non - Executive Director

The Engineering & Construction of Sheth Group comes under his purview. He is a brilliant taskmaster, leading a team of engineers which has an eye for minute details and the expertise of solving tricky problems. His team has a history of providing quality, aesthetic and functional construction within strict time Schedules.

Mr. Sharad Doshi – Independent Director

He is an Independent Director on the Board of the Company and heads various committees in the Company including the Audit Committee.

Ms. Nalini Bajaria – Independent Director

She is an Independent women director on Board of the Company. She has been associated with the Company since January 2015.

Key Managerial Personnel

Mr. Sunil Shroff – Chief Executive Officer

He is a graduate from Rizvi Catering College - Mumbai in Hotel Management, Catering and Applied Nutrition. He began his career in 1995 with Hotel President, Mumbai. He has more than 19 years of experience and has been associated with the Company since March 2011. He is responsible for overseeing successful implementation of pre launch activities and managing the operations which include retail relations, accounts, loss prevention, day-to-day basic operations and store fit outs.

Ms. Jayshree Taori – Chief Financial Officer

She is an associate member of the Institute of Chartered Accountants of India. She has experience of around 15 years in field of accounting and finance.

Mr. Ankush V. Bhoir – Company Secretary

He is an associate member of Institute of Company Secretaries of India, New Delhi. He is also a graduate in Commerce and Law. He has an experience of more than 6 years in the field of Secreatrial and legal Compliances.

Committees of Board of Directors

Audit Committee

1. Mr. Sharad N. Doshi - Non-executive and Independent Director - Chairman
2. Mr. Ashwin N. Sheth - Non - Executive Director - Member
3. Ms. Nalini R. Bajaria - Non-executive and Independent Director - Member

Nomination, Remuneration and Compensation Committee

1. Mr. Sharad N. Doshi - Non-executive and Independent Director - Chairman
2. Mr. Ashwin N. Sheth - Non - Executive Director - Member
3. Mr. Vallabh N. Sheth - Non - Executive Director - Member
4. Ms. Nalini R. Bajaria - Non-executive and Independent Director - Member

Stakeholders Realtionship Committee

1. Mr. Sharad N. Doshi - Non-executive and Independent Director - Chairman
2. Mr. Ashwin N. Sheth - Non - Executive Director - Member
3. Mr. Jitendra N. Sheth - Non - Executive Director - Member
4. Ms. Nalini R. Bajaria - Non-executive and Independent Director - Member