On June 4 2020, DLF’s Chairman K.P. Singh announced his retirement and handed the baton to his son Rajiv Singh. At the company's board meeting on Thursday, Rajiv was appointed as chairman and Singh was made chairman emeritus.
“As part of succession planning, Dr. K.P. Singh, vide letter dated June 4, 2020, has tendered his resignation from the position of Non-Executive Director/ Chairman of the Company, which was reluctantly accepted by the Board of Directors," said the company statement.
90 year old K.P Singh spent five decades with DLF and as the company statement read, “Under his dynamic and inspiring leadership, DLF ushered a revolution in India’s real estate space and introduced the concept of epitomized luxury living, world class office complexes offering comfort, security and convenience to the nation.”
However, there is one dream Singh regrets not fulfilling. He wanted to transform the area into a Singapore-like satellite city of New Delhi and attract international companies to establish operations there. "The whole idea was, when you plan, plan not for one decade but for centuries. Big roads, big drainage, everything connected with the main highway," he said. "That was the mission which was supposed to be. Unfortunately, we could not do that," Singh once told PTI in a Zoom interview.
But today when he retires from his role as Chairman, he is nothing but grateful and positive about the time he has spent with the company. Speaking on his retirement, he said, “I am grateful to all our stakeholders and particularly to our customers without whose confidence, trust and faith, DLF would not have tracked its glorious path of success.”
“As we move into a new India that is transforming at an incredible pace, I am confident DLF will continue to contribute to national growth under the leadership of Rajiv Singh,” he added.
Let’s see how Rajiv who had been working as the vice chairman of the company since April 9, 1999 under Singh’s guidance, now leads from the front.
Image Credits: Indian Express