Renewal received capital before another retail proposal
A ₹4.8 crore roof-renewal programme went ahead after specialist review. A separate ₹3.2 crore retail-gallery proposal was deferred, with its prospective income still unearned.

Chief Executive Officer · India
NafisaRehzavthi
I lead a terminal business by asking what we have undertaken to provide before deciding how the place should earn.
32 years
Facilities and terminal-enterprise experience
Fictional continuous career from July 1994
238 people
Enterprise employees
March 2026; specialist contractors separately
₹78 crore
FY2026 revenue
₹46 crore terminal services, ₹24 crore retail licences and ₹8 crore advertising
3 concessions
Regional passenger terminals
Invented portfolio, not actual named public projects
I want the commercial discussion to begin with the place we have agreed to provide. Rentable frontage, advertising and other income matter, but they cannot define a terminal without the people travelling through it. I also want the boundaries to remain honest: our responsibility for a place does not make us the operator of every bus or the owner of every transaction inside it.
Nafisa Rehzavthi
Chief Executive Officer
Areas of stewardship
Selected work
I
In 2018 I approved a commercial fitout on the strength of its retail frontage and expected use of the concourse.
The full accountII
A 2021 capital discussion placed a retail-gallery proposal beside a roof-renewal requirement at one of our terminals.
The full accountIII
In 2023 we considered an expanded staffed waiting-assistance offer during selected overnight periods.
The full accountIn the words of others
In this fictional account, Nafisa brings the condition of the place and the commercial proposal into the same capital discussion. She explains the opportunity being postponed as carefully as the programme being funded, which gives the board a more complete recommendation to examine.
This invented colleague observation concerns the kiosk decision. Nafisa had approved the retail proposition, then accepted that the passenger-movement account required it to change. She retained the correction cost and her own responsibility instead of asking operations to make the original drawing appear complete.
The journal
My retail-fitout approval privileged a convincing commercial drawing over the passenger journey through the same space. The correction changed two kiosk positions, cost ₹1.7 crore and altered commitments we had already made. I examine how a chief executive can keep the income case serious without allowing it to become the only description of a public place.
Read the essayA roof-renewal programme and a proposed retail gallery were competing for capital, but they answered different questions. I explain why the commercial term, the condition assessment and the actual concession duties need to meet in the board's investment discussion, without treating a deferred proposal as a saving or a technical recommendation as the whole allocation decision.
Read the essayA traveller sees a place; the organisations inside it see separate transactions and duties. Our enquiry review exposed that difference. I examine how a terminal enterprise can retain responsibility for its own service, build useful referral relationships and avoid implying that a shared public identity gives it authority over every fare or complaint.
Read the essayAn invitation
Infrastructure leadership conversations and a possible first outside board contribution, subject to preparation and a realistic capacity review.
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