05 March,2009 04:55 PM IST | | A Correspondent
Unit 1 of Income Tax dept raided the house and office of the industrialist Anand Jain today.
Anand Jain an Indian business executive, is the Chairman of Jai Corp Limited, Navi Mumbai SEZ Pvt. Ltd. Mumbai SEZ Limited, Reliance Haryana SEZ Ltd & Urban Infrastructure Venture Capital Private Limited(UIVCPL). He has 25 years of experience in various businesses, with an expertise in real estate, finance and capital markets.
Anand Jain served on board of trustees of Mumbai Port Trust twice for two years each, and also on the Jawaharlal Nehru Port from April 1994 to March 1995.
He is also a Director of the Rewas Port Limited[17], which is a Greenfield, mega scale port development project near Mumbai. The port would also serve as a primary gateway for the twin mega SEZs coming up in its vicinity: Viz; NMSEZ and MSEZ. The port in its first 5 yrs of operation aims to handle more than 50 Million tonnes of cargo.
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He has also promoted India's largest Real Estate private equity fund having raised over Rs. 3286 Crores from retail and institutional investors.[18] He is an adviser to the Urban Infrastructure Real Estate Fund, which has raised US$500 Million from international investors and along with the local participation of US$60 Million, the total fund size is US$560 Million.
Anand Jain is also the Chairman of Urban Infrastructure Venture Capital Limited which manages Urban Infrastructure Venture Capital Fund.
