Anchit Lakhotiya to Head Lonestar Rattan India’s Real Estate vertical
Lonestar Rattan India Real Estate Fund has appointed Mr. Anchit Lakhotiya, an experienced real estate banker, to head the real estate vertical. Rattan India Finance, a joint venture between Lone Star, a leading global private equity and real estate investment firm and Rattan India Group, a leading NBFC in India founded by Mr. Rajiv Rattan, the co-founder of India bulls Group and a visionary entrepreneur.
Mr. Anchit Lakhotiya, a chartered accountant by profession, is a banker with over 16 years of experience in the real estate sector. He is known for his advisory expertise in providing structured bespoke financial solutions across real estate classes. Before joining Lonestar Rattan India Real Estate Fund, Mr. Anchit Lakhotiya successfully built the real estate books for Altico Capital and Standard Chartered Bank.
Lone Star Funds and the Rattan India Group have jointly invested Rs. 2,600 crore (USD $400 million) in Rattan India Finance and have plans to become a top 10 NBFC in India, based on the currently estimated capitalization. Mr. Rattan, currently chairman of the Rattan India Group, will be the Chairman and Chief Executive Officer of Rattan India Finance.