- Sector
- Private ownership and operation of two regional workshop estates
- Ownership
- Founders 54%, patient-capital investor 36%, employee vehicle 10% including personal beneficial 0.15%
- Company scale
- FY2025–26 revenue ₹84 crore: ₹68 crore lease income and ₹16 crore estate services
- Employees
- 210 company employees
- Geography
- Silchar executive headquarters and two fictional regional estates
- Reporting to
- Board of directors chaired by Miriam Tlangthiang
- Team
- Six executives; COO Harish Zervaqli leads operating delivery
- Financial scope
- Board-approved ₹63 crore FY2026–27 operating plan and separate ₹14 crore capital programme
Mandate
Lead a property enterprise whose handovers, investment boundaries and operating authority support the same commitments
Outcomes
- Separated common-estate capital from tenant production equipment
- Revised operating delegations while keeping capital matters reserved
- Disclosed executive ownership and statutory responsibilities
Decisions in context
I lead six executives under a board with a separate chair. The ₹63 crore operating plan and ₹14 crore capital programme have distinct approvals and cannot be treated as interchangeable discretion. The 2022 investment review required a choice about the business we would own after responding to occupier requests. The 2025 authority review then required me to reduce my own role in routine decisions without making accountability vague. Harish leads operating delivery, and qualified owners retain engineering, permission, contract and reporting responsibilities. My executive directorship began with this appointment. A beneficial 0.15 percent interest sits within the employee allocation and would need disclosure for any outside role. I judge the enterprise by whether its people can explain and fulfil their commitments through defined authority, rather than by how many decisions can be routed through the CEO.
Reason for the move
Current appointment; considering enterprise leadership and one assessed outside-board contribution
Concurrent appointment
CEO and statutory Executive Director from April 2021; executive status, not independent
- Sector
- Multi-estate operations and occupier handover
- Ownership
- Regional founders and domestic investment
- Company scale
- Annual company revenue ₹48 crore at period end
- Employees
- 132 company employees at period end
- Geography
- Regional workshop-estate operations coordinated from Silchar
- Reporting to
- Chief Executive Officer
- Team
- Four operating heads across the estate enterprise
- Financial scope
- ₹31 crore annual operating plan and separately approved ₹6 crore capital programme at period end
Mandate
Make the operating account support commitments made to occupiers
Outcomes
- Corrected an eighteen-unit handover programme after service review
- Revised six dates and funded remaining shared-service work
- Separated construction evidence from the wider readiness decision
Decisions in context
Four operating heads reported to me within the company’s defined operating and capital programmes. In 2017 I approved eighteen handover dates from a construction-completion summary. Harish’s review found that twelve were supported under the estate-service conditions and six still required work. I had used valid evidence to answer a broader question than it could settle. I recommended changing the six commitments and obtaining board funding for the remaining programme, rather than leave site teams to absorb the difference informally. That correction also required clear communication with prospective occupiers whose own plans depended on the dates. The experience shaped my later CEO work: an attractive asset or investment account needed an equally credible description of who would operate it, which responsibilities remained unfinished and which approvals belonged to other qualified owners.
Reason for the move
Appointed CEO and Executive Director under a separately chaired board
Concurrent appointment
No statutory directorship during the COO period
- Sector
- Site management of a privately held workshop estate
- Ownership
- Domestic privately held property enterprise
- Company scale
- Annual company revenue ₹26 crore at period end
- Employees
- 78 company employees; forty-four in the managed site remit
- Geography
- Regional estate operations with a Silchar management office
- Reporting to
- Director responsible for estate operations
- Team
- Forty-four employees within the site remit
- Financial scope
- ₹11 crore annual site operating plan; major capital and technical permissions separately approved
Mandate
Coordinate landlord services around the needs and responsibilities of workshop occupiers
Outcomes
- Connected shared-service responsibilities with occupier handovers
- Kept tenant fitout choices separate from landlord approvals
- Developed a continuing operating account beyond individual service requests
Decisions in context
My first role inside the estate company covered forty-four employees and an ₹11 crore annual site plan. Major capital and technical permissions were outside that delegation. Workshop occupiers had different uses, but their individual units depended on shared services and an understood relationship with the landlord. I coordinated the operating account while learning where an occupier’s fitout or production decision required a separate qualified assessment. The work gave me a broader perspective than the service assignments I had managed before. A request could be answered promptly yet leave the underlying responsibility unclear. Moving into COO work meant carrying that account across the enterprise. My later handover mistake was instructive because I already understood the distinction in principle; the failure came when I accepted a concise completion summary without asking whether it preserved the responsibilities that mattered to the commitment.
Reason for the move
Promoted to enterprise operating leadership
- Sector
- Client property-service coordination
- Ownership
- Privately owned services partnership
- Company scale
- Annual service income ₹24 crore at departure
- Employees
- 87 company employees at departure
- Geography
- Regional client properties coordinated from Silchar
- Reporting to
- Partner responsible for property accounts
- Team
- Fifteen client-service colleagues
- Financial scope
- ₹1.6 crore annual delivery expense; client property and capital budgets excluded
Mandate
Clarify the owner of the next action when a property-service handover remains incomplete
Outcomes
- Connected service records with client responsibilities
- Distinguished coordination from technical or contractual approval
- Prepared to own an ongoing estate operating remit
Decisions in context
Fifteen colleagues worked within ₹1.6 crore annual delivery expense. The client’s property and capital budgets were not ours to commit. I managed the service account and the conversations needed when a request crossed from our responsibility to a property owner, contractor or qualified professional. A record could be closed inside our company while the occupier still waited for a decision elsewhere. I learned to explain that boundary without using it as a reason to stop helping the client understand the next step. Joining an estate owner offered responsibility for the enterprise behind those decisions rather than the service agreement around them. The move also required a different discipline: coordination experience did not by itself confer authority over building permissions, engineering acceptance or the commercial commitments a landlord would carry after a handover.
Reason for the move
Joined an estate owner to lead a continuing site operating remit
- Sector
- Supervised property-service records and client support
- Ownership
- Domestic services partnership
- Company scale
- Annual service income ₹6.2 crore at period end
- Employees
- 29 company employees at period end
- Geography
- Silchar client-support office
- Reporting to
- Estate-services supervisor
- Team
- Assistant within a seven-person client-support group
- Financial scope
- Assigned record preparation and enquiry coordination without independent expenditure approval
Mandate
Record what remains to be done after a property handover appears complete on paper
Outcomes
- Prepared client records and follow-up notes
- Identified unresolved handover responsibilities
- Learned to distinguish an administrative milestone from the occupier’s next usable step
Decisions in context
I joined in July 1990 after commerce studies, moving from Aizawl into a property-services career based around Silchar. Seven people formed the client-support group. I prepared records and followed up enquiries under supervision, without approving engineering, legal arrangements or expenditure. The work made the gaps between formal milestones and daily use visible. A signed document might describe one party’s completed task while leaving the next party uncertain about what could happen. I learned to record that uncertainty rather than make the file look finished through an administrative handoff. Client management later gave me responsibility for those relationships, and estate operations made their consequences part of a continuing enterprise. The early lesson remained relevant to my own later error: a concise completion account can be accurate within its scope and still be insufficient for the commitment a senior manager wants it to support.
Reason for the move
Promoted to client-services management
What I am looking for next
I would consider a CEO mandate where the board wants the operating enterprise examined alongside its properties. The discussion should cover which assets the company should own, which responsibilities it can fulfil and where managers have the authority to act. I would look for a separately chaired board willing to hear that an attractive programme needs different dates, a narrower investment scope or a change in the CEO’s own decision habits. An outside appointment would require separate eligibility and conflict assessment, including my current executive directorship and beneficial interest. Twenty-four annual days is a proposed allocation to test against actual preparation, meetings and exceptional demands, not a standing claim of availability. I could contribute to a board that wants to understand what remains after an asset is completed: the services, ownership boundaries and decision rights that make the company capable of carrying its commitments through other people. Before accepting, I would examine a recently corrected commitment with the board to understand how disagreement is handled when a preferred timetable no longer has sufficient support.