Max Estates COO Rishi Raj Steps Down After Nine-Year Tenure

In a significant move within India's real estate sector, Rishi Raj has stepped down from his role as Chief Operating Officer at Max Estates, concluding a tenure that reshaped the company's trajectory.

His exit comes at a time when Max Estates has solidified its position as a key player in Delhi NCR, with a market capitalization surpassing USD 1 billion in recent years. Raj's leadership emphasized the LiveWell and WorkWell philosophy, focusing on creating spaces that enhance living and working experiences.

Under Raj's guidance, Max Estates achieved notable milestones. The portfolio grew exponentially to exceed 18 million square feet across residential and commercial assets in Delhi NCR. This expansion was not just about scale but also about innovation, with the company introducing industry firsts that set new benchmarks in real estate development.

Challenges were met head-on, leading to value creation that benefited stakeholders. The team's expansion from a modest 30 members to over 300 reflects the organizational growth and the culture of relentless spirit, creativity, and passion that Raj fostered.

Raj expressed deep gratitude to key figures who supported his journey. He acknowledged the trust and guidance from BAS, Sahil, Tara, the Board, and partners at New York Life. Collaborators across the value chain received heartfelt thanks for their contributions in turning visions into reality. To his team, Raj conveyed appreciation for the rewarding experience of leading and learning together, expressing confidence in their ability to scale new heights based on the strong foundation built.

Raj's career spans 24 years, encompassing research, consulting, corporate and business strategy, business building, and P&L ownership. Before joining Max Group, he spent 17 years at McKinsey & Company in various roles. As global COO of McKinsey's Center of Excellence for Strategy and Corporate Finance Practice, he drove transformations in collaboration with senior stakeholders. His consulting work covered diverse industry sectors and geographies, focusing on strategy and shareholder value creation. Raj led large global teams across the USA, Costa Rica, Poland, Netherlands, China, and India. He also served as senior faculty for capabilitybuilding programs for clients and consultants worldwide.

At Max Group, Raj initially headed Corporate Strategy for three years, working closely with businesses in insurance (life and health), healthcare, senior living, manufacturing of specialty films (BOPP), and real estate. Transitioning to COO at Max Estates, his responsibilities included strategy, organic and inorganic growth, construction and development, sales and marketing, Digital & IT, strategic initiatives like ESG and SOPs, regulatory interfaces, investor engagement, and overall P&L management for commercial and residential assets.

This departure marks the close of a chapter that began at McKinsey and evolved through Max Group. Raj looks forward to leveraging his 26 years of experience in research, consulting, strategy, and execution in his next venture. Industry observers note that his exit could signal new opportunities in real estate or related sectors, given his track record.

Max Estates, part of the Max Group, continues to thrive amid India's booming real estate market. The sector has seen robust demand in Delhi NCR, driven by urbanization and corporate expansions. Raj's contributions have positioned the company well for future growth, with a focus on sustainable and innovative developments.
As Raj embarks on his next phase, his legacy at Max Estates serves as a testament to effective leadership in transforming businesses. The real estate industry will watch closely for his forthcoming endeavors, which promise to build on a solid foundation of expertise and achievements