Nexus Select Trust Announces Leadership Succession as Siddharth Nawal Named Incoming CEO
Mumbai, October 12, 2026: Nexus Select Trust, India’s first publicly listed retail real estate investment trust, has announced a planned leadership transition following a decision by its Board of Directors. Siddharth Nawal has been appointed as Managing Director and Chief Executive Officer Designate, and is set to formally succeed current chief executive Dalip Sehgal on January 1, 2027. The phased handover aims to ensure a seamless leadership transition across the REIT’s portfolio of urban consumption centres.
Nawal currently serves as a Managing Director within Blackstone’s India Real Estate team and has been directly involved with the growth and operational oversight of Nexus Select Trust, including his tenure as a Board Director since November 2025. In his incoming role, he will focus on scaling the platform and executing long-term growth initiatives across India’s evolving retail real estate market.
The outgoing chief executive, Dalip Sehgal, led the platform over the past decade, steering the organization through its initial public offering and establishing its governance framework, operational infrastructure, and asset acquisition strategy. Board leadership credited Sehgal with building Nexus into a premier retail platform, expressing confidence that Nawal’s deep investment background and familiarity with the company position him well to drive sustained value for tenants and unitholders during the next phase of expansion.
