Nexus Select Trust Names Siddharth Nawal as CEO, Succeeding Dalip Sehgal in 2027

Nexus Select Trust, India’s first retail real estate investment trust (REIT), has appointed Siddharth Nawal as its next Managing Director and Chief Executive Officer. He will take charge from January 1, 2027, succeeding Dalip Sehgal, who has led the company through an important phase of growth.

Sponsored by Blackstone, Nexus Select Trust operates a retail real estate platform focused on shopping centres and consumer experiences. Nawal’s appointment marks a leadership transition as the company looks to build on its position in India’s growing retail market.

• Siddharth Nawal to Lead the Next Phase of Growth

Nawal is currently a Managing Director in Blackstone’s India Real Estate team. He has been named CEO-designate to support a smooth leadership transition and has also served on the Nexus board since November 2025.

He said India offers strong opportunities for retail growth and that Nexus is well placed to benefit from this trend. His focus will be on strengthening the portfolio, improving customer experiences and creating long-term value for tenants and investors.

• Dalip Sehgal Steps Down After Building the Business

Dalip Sehgal has played a key role in developing Nexus into a leading retail platform over the past decade. The company also credited him with successfully leading its public listing.

Sehgal said he was proud of what the team had built and expressed confidence in Nawal’s ability to lead the business forward. He will work with Nawal and the board to help ensure a smooth transition.

Nexus Select Trust Chairman Asheesh Mohta also thanked Sehgal for his contribution, adding that Nawal’s investment experience and understanding of the business position him well to guide its next phase of growth.

• Nexus Select Trust Reports Strong Q1 FY27 Performance

The leadership change comes as Nexus reports growth in its financial performance for the June quarter of FY2026-27. Its net operating income, revenue and EBITDA all increased compared with the same period last year.

The results reflect continued business momentum as the company looks to expand its retail platform and strengthen its relationships with customers, tenants and investors.

Key Numbers to Know

• January 1, 2027: Siddharth Nawal’s official start date as MD and CEO.

• Rs 510 Cr: Net operating income in Q1 FY27, up 11% year-on-year.

• Rs 681 Cr: Revenue from operations in Q1 FY27, up around 11% year-on-year.

With Nawal preparing to take charge, Nexus Select Trust is entering a new leadership phase with a focus on retail growth, customer experience and long-term value creation.