Rajgopal Nogja is set to end his long association with the Mumbai-headquartered Hindustan Construction Company (HCC).
Industry sources told DNA Money that Nogja has already quit or is in the process (of quitting) the construction firm he’s worked with for 16 years.
When contacted, HCC said it cannot offer a comment as the company was in the silent period.
DNA Money could not ascertain the reasons for Nogja’s exit from HCC or who will replace his position in the company.
Nogja was appointed group chief operating officer (COO) for HCC Group companies and a whole-time director on the HCC Board in May 2016. He has been overseeing the functioning of the group companies namely HCC Ltd, Lavasa Corporation Ltd, Steiner AG, HCC Real Estate Ltd, Highbar Technologies Ltd, Charosa Wineries Ltd and HCC Aviation Ltd.
During this tenure, he has taken several initiatives to improve operational efficiency, cost management and productivity that have resulted in high project Ebit margins over the last eight quarters. He also played a role in the launch of India operations of Steiner AG Switzerland, the second-largest total services contractor in the Swiss real estate market. He is the managing director and a member of the Board at Steiner AG.
Prior to becoming group COO, Nogja had held the post of group president ? development companies since 2011 followed by assuming the role of chief operating officer and whole-time director of HCC in 2013.
In 2007, after being appointed as the president of Lavasa Corporation Ltd, he played a crucial role in establishing the planned hill city. In 2008, he was appointed the president of HREL (HCC Real Estate Ltd) to lead the development of 247 Park. He also successfully closed the stake sale (in 247 Park) with a valuation of Rs 775 crore.
A qualified civil engineer with a master’s degree in construction management, Nogja began his career at HCC in the year 2000 assisting Ajit Gulabchand, chairman and managing director of HCC Ltd for strategic decisions and initiatives for new businesses, financial viability of projects and operations of the HCC Group. Prior to joining HCC, Nogja did stints with Mahindra Realty & Infrastructure Developers Ltd and Gammon India Ltd.