A wider portfolio still begins with one resident's promise
Chief Operating Officer
Nezqeli Residence Operations
Sector
Residential property operations for adult postgraduates and professionals
Ownership
Private property holding 56%, management vehicle 28%, long-term investor 16%; no personal holding
Company scale
₹ 62 crore FY ending March 2026 accommodation and service revenue; refundable deposits excluded
Employees
260 direct company employees
Geography
Nashik headquarters; nine buildings, two owned and seven leased
Reporting to
Chief Executive Officer Rachna Yezvori
Team
176 operating staff through six managers
Financial scope
₹ 43 crore FY2026–27 operating expense and a separate ₹ 8.4 crore approved capital programme
Mandate
Connect resident commitments with property capacity, service resources and settlement responsibilities
Outcomes
Replanned reception around concentrated arrivals
Separated owned linen from clean released capacity
Corrected unsupported private-room commitments
Kept unresolved resident deposit accounts in the operating review
Decisions in context
I became COO in January 2021 and now lead 176 operating staff through six managers. The company employs 260 people across nine residential buildings with 2160 bed spaces. Its₹ 62 crore FY26 revenue excludes refundable resident deposits. My₹ 43 crore FY2026–27 operating expense and the separate₹ 8.4 crore capital programme describe different authorities from company revenue. Rachna Yezvori is the CEO, and Harish Dovqani leads facilities with qualified technical owners retaining their decisions. I have corrected two assumptions I accepted too readily: a daily-average arrival plan and a bed-space summary used to support private-room promises. The cases also required a clearer account of resources in circulation and money still owed after departure. I hold no statutory seat. The operating role is to connect the promise with a deliverable arrangement, while retaining the finance, contract and technical responsibilities that my title does not replace.
Reason for the move
Current role; considering a first outside board contribution after further preparation
Head of Operations
Nezqeli Residence Operations
Sector
Multi-property residential accommodation services
Ownership
Privately held residence operator
Company scale
₹ 38 crore company revenue for FY ending March 2016
Employees
170 direct employees
Geography
Regional residence portfolio coordinated from Nashik
Reporting to
Chief Executive Officer
Team
110 operating colleagues through five managers
Financial scope
₹ 25 crore annual operating expense; property capital separately approved
Mandate
Create a dependable operating account across residences and commercial commitments
Outcomes
Connected property plans to intake commitments
Established a portfolio operating review
Clarified the decisions requiring separate financial or technical authority
Decisions in context
The July 2015 appointment gave me 110 operating colleagues through five managers and₹ 25 crore annual expense responsibility. Nezqeli then employed 170 people and reported₹ 38 crore revenue for FY ending March 2016. I worked more closely with commercial colleagues on what the property portfolio could promise. The challenge was to create a useful common account without removing distinctions that mattered to a resident. A building's total bed capacity could support planning while remaining insufficient for a particular room commitment. I did not always insist on that difference early enough, as the later private-room correction showed. This period also strengthened my understanding of the responsibilities around an operating recommendation. Finance retained the account of funds and costs; qualified facilities owners retained technical acceptance. The COO role expanded the scope but did not remove those boundaries or make a convenient summary sufficient evidence by itself.
Reason for the move
Appointed COO for the expanded residence portfolio
Regional Residence Operations Manager
Nezqeli Residence Operations
Sector
Regional residential property management
Ownership
Private accommodation business
Company scale
₹ 14 crore revenue for FY ending March 2009
Employees
72 direct employees
Geography
A small regional property portfolio managed from Nashik
Reporting to
Head of Operations
Team
48 operating colleagues through four managers
Financial scope
₹ 8.4 crore annual operating expense; no acquisition authority
Mandate
Coordinate residence managers while preserving the conditions of each property
Outcomes
Developed a shared operating review across properties
Made room configurations visible in capacity discussions
Connected managers with the owners of unresolved service decisions
Decisions in context
I joined Nezqeli in September 2008 after managing an individual residence. The company had 72 employees and₹ 14 crore revenue for FY ending March 2009. My 48 operating colleagues worked through four managers within₹ 8.4 crore annual expense. The move showed me how easily a portfolio report can make different places look identical. Room configurations, arrival patterns and lease arrangements all affected what a manager could deliver. I wanted the review to use common questions while preserving those differences. The work also required me to decide when an issue belonged with a property manager and when another owner needed to resolve it. More frequent reporting was not a substitute for that decision. The later head-of-operations role grew from this experience of connecting local accounts into an enterprise view without assuming that every residence could satisfy the same commitment in the same way.
Reason for the move
Promoted to head of operations
Residence Manager
Veqmavi Hospitality Services
Sector
Managed residential accommodation and hospitality services
Ownership
Privately held service company
Company scale
₹ 24 crore company revenue for FY ending March 2001
Employees
190 company employees
Geography
Regional accommodation properties
Reporting to
Regional Operations Head
Team
32 colleagues through four leads
Financial scope
₹ 2.7 crore annual residence operating expense; capital and contracts separately authorised
Mandate
Deliver the daily resident service through staffing, supplies and clear responsibility
Outcomes
Coordinated arrivals and continuing resident needs
Connected resource preparation with the next service task
Escalated decisions beyond the property's delegated authority
Decisions in context
From June 2000 I managed a residence with thirty-two colleagues through four leads and₹ 2.7 crore annual operating expense. Veqmavi employed 190 people and recorded₹ 24 crore company revenue for FY ending March 2001. I learned to follow the service across the front desk, room preparation, supplies and the decisions that required another owner. A resource could belong to the business while being unavailable for the next task. A colleague could understand a resident's concern while lacking authority to change the agreement behind it. My job was to connect those facts into a workable response instead of expecting every issue to be resolved through goodwill at reception. The regional appointment at Nezqeli later widened that responsibility across properties. It also made the limits of a common report clearer, because the practical conditions I had learned in one building varied elsewhere.
Reason for the move
Moved to Nezqeli for regional operations responsibility
Resident Services Coordinator
Veqmavi Hospitality Services
Sector
Resident services and accommodation coordination
Ownership
Private hospitality-services firm
Company scale
₹ 7.4 crore company revenue for FY ending March 1995
Employees
84 company employees
Geography
Regional residence services
Reporting to
Residence Manager
Team
Seven-person service group; individual contributor
Financial scope
No staff, spending or contract delegation
Mandate
Support arrivals, room information and appropriate routing of resident enquiries
Outcomes
Prepared information for resident arrivals
Maintained the link between a question and its responsible owner
Learned how an accommodation promise is experienced in person
Decisions in context
July 1994 was my first month in resident services, following the hospitality-management diploma completed that June at Jelqavi School of Hospitality. Veqmavi had eighty-four employees and₹ 7.4 crore revenue for FY ending March 1995. I worked in a seven-person service group without staff or spending authority. Residents arrived with an understanding of what the company had offered, and my task was to help connect that understanding with the actual room and responsible colleagues. Some questions crossed several internal lists. I learned to keep the resident's issue visible while finding the person authorised to answer it, rather than regard a referral as a completed service. The later residence-manager role gave me more authority over the arrangement behind that response. The early experience remained useful because it showed where an apparently clear promise became a practical question in somebody's day.
Reason for the move
Promoted to residence management
What I am looking for next
I would consider a first outside board contribution at a property-backed service enterprise that needs a candid connection between its commercial promise and operating capacity. The work would require a different stance from my present responsibility for delivery. I would want to understand the company's economics, contracts and technical account through the chair's induction process before deciding which experience I could usefully contribute. My fictional record has no statutory seat. Databank registration in April 2026 is followed by unfinished assessment preparation, with no exemption claimed. Twenty-one days is an initial allowance for one possible mandate, subject to employer consent, relationships and the actual calendar. I would prefer a clearly defined role with complementary directors to a broad appointment that assumed an operator's experience answered every financial or legal question. The next chapter should make the board's examination of commitments more useful while leaving management responsible for the service residents or customers ultimately receive.