Conscient Infrastructure Appoints Rishi Raj as CEO: A New Chapter in Real Estate Leadership

Conscient Infrastructure Private Limited (CIPL), a leading real estate developer known for its 40-year legacy and its premium projects in Delhi-NCR, Dehradun, and Goa, has announced the appointment of Rishi Raj as its new Chief Executive Officer (CEO).His appointment marks a strategic move by Conscient as the company eyes ambitious growth—targeting a five-fold expansion over the next five years.

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Rishi Raj’s Mandate at Conscient

In his new role, Rishi Raj will spearhead Conscient’s drive across residential, commercial, and mixed-use real estate development. The company is leveraging recent landmarks—such as the completion of its luxury residential project Elevate, partnerships with global real estate players like Hines, and upcoming marquee launches like Elaira Residences, Parq, and Elevate Reserve—to build momentum.

His mandate includes:

1. Scaling up Conscient’s business operations significantly (aiming for 5× growth in five years)
2. Overseeing new project pipelines, including a landmark 10-acre residential-led mixed-use development on the erstwhile Birla Cotton Mills site in Delhi in partnership with Texmaco, HDFC Capital, and Hines.
3. Emphasizing sustainability, customer-centric design, and innovation in execution.

His Achievements at Max Estates

Before joining Conscient, Rishi Raj served as Chief Operating Officer (COO) of Max Estates, where he made considerable impact.
Key highlights include:
1. Scale Expansion: Under his leadership, Max Estates’ footprint expanded dramatically — from about 1 million sq ft of saleable/leasable area to approximately 18 million sq ft across residential and commercial projects in the Delhi NCR region.
2. Organizational Growth: He grew the team from some 30 people to over 300, aligning talent with ambitious business goals.
3. Broad Portfolio and P&L Ownership: Rishi had oversight of both commercial and residential verticals, including strategy, sales & marketing, construction and development, digital & IT, strategic partnerships, investor relations, regulatory interfaces, ESG & SOPs. He managed end-to-end operations and profitability.
4. Brand Philosophy & Innovation: Under his stewardship, Max Estates pushed forward the LiveWell and WorkWell philosophy, blending lifestyle, wellness, and work, while raising the company’s profile.
5. Value Creation & Market Cap Growth: His tenure saw not just physical expansion but significant improvements in Max Estates’ market capitalization and investor confidence.

Early Career: Consulting & Strategy Foundations

Long before Max Estates, Rishi Raj built a deep foundation in strategy, consulting, and leadership roles:
1. McKinsey & Company: He spent around 17 years at McKinsey, rising through roles in strategy, corporate finance, trends analysis, research, etc. His work spanned geographies and industries, helping large clients on shareholder value creation, performance improvement, and business transformations.
2. Max Group (Corporate Strategy): Prior to his role at Max Estates, he led Group Strategy at Max Group for about three years. His domain included evaluating businesses across diverse sectors: insurance (life & health), senior living, specialty film manufacturing (BOPP), and real estate. This cross-sector exposure added to his capability for holistic leadership.
3. Academic Credentials: Rishi Raj holds a PGDBM in Finance from the International Management Institute (IMI), New Delhi, and was awarded a Silver Medal for academic excellence. His undergraduate studies include a BA in Economics from Hansraj College.

What This Means for Conscient Infrastructure ?

Given Rishi Raj’s proven ability to scale operations, deliver product lines across commercial and residential verticals, manage large P&L, and drive innovation and customer focus, his leadership is considered a strong match for Conscient’s ambition.
Conscient is at a turning point—with existing assets of ~35 million sq ft across various geographies, a recent completion of high-end projects, and pipeline of new launches. Under Rishi’s guidance, the company is likely to sharpen its strategy around:
1. Faster project execution
2. Strong tie-ups and partnerships (domestic & global)
3. Enhanced customer experience and sustainable design
4. Expansion in built-to-lease commercial office assets and mixed-use developments in NCR and possibly new micro-markets.

Challenges & Opportunities Ahead

While his appointment is met with optimism, there are always hurdles:
1. Regulatory approvals and land-acquisition in NCR are often challenging.
2. Delivering quality and sustainability without cost overruns.
3. Competition from other major real estate players.
4. Economic fluctuations impacting demand, financing, and material costs.
But with his mix of consulting discipline, operational rigor, and strategic vision, many believe Rishi Raj is well equipped to navigate these.

Conclusion

Rishi Raj’s appointment as CEO of Conscient Infrastructure is more than a leadership change—it signals an ambition to scale up, innovate, and deepen Conscient’s legacy in Indian real estate. Given his achievements at Max Estates, his strategic background, and his industry track record, stakeholders will be watching keenly.
For Conscient, Rishi Raj’s leadership could well usher in a new era where growth is paired with value, sustainability, and design excellence.

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