Nexus Select Trust names Siddharth Nawal as MD & CEO-Designate, Dalip Sehgal to step down
Siddharth Nawal is currently associated with the Real Estate business of The Blackstone Group
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Published: Oct 13, 2026 2:24 PM | 2 min read
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- Siddharth Nawal has been appointed as Managing Director & Chief Executive Officer- Designate of Nexus Select Trust, set to succeed Dalip Sehgal on January 1, 2027.
- Nawal currently serves as a Managing Director in Blackstone’s India Real Estate team and has been a Director on Nexus's Board since November 2025.
- Dalip Sehgal has played a significant role in developing Nexus into a leading retail platform and leading its public listing over the past decade.
- Both Nawal and Sehgal expressed confidence in the future growth of Nexus, with Nawal highlighting India's retail opportunities and his commitment to enhancing the company's portfolio and value for investors.
The Board of Directors of Nexus Select Trust (‘Nexus’) appointed Siddharth Nawal as Managing Director & Chief Executive Officer- Designate. He will succeed Dalip Sehgal as MD & CEO on January 1, 2027.
Siddharth Nawal is currently a MD in Blackstone’s India Real Estate team and has been closely involved in the development of Nexus, most recently serving as a Director on its Board since November 2025.
Dalip Sehgal has played an important role in building Nexus into a leading retail platform and successfully led its public listing over the past decade.
Asheesh Mohta, Chairman, Nexus Select Trust, said: "We thank Dalip for his contributions in helping build Nexus into the business it is today. We are confident that Siddharth, given his deep investment expertise and a strong understanding of the Nexus platform, is well positioned to lead the company's next chapter of growth. We will help him continue to strengthen the business and create long-term value for our investors."
Since joining Blackstone in 2015, Siddharth Nawal has been actively involved in asset management across several Blackstone portfolio companies in India, including Nexus Select Trust, Mindspace REIT, Panchshil, Ventive Hospitality, Kolte Patil, etc. and also serves on the board of Nexus Select Trust.
Prior to joining Blackstone, Siddharth Nawal held finance and strategy roles at PwC, Shell, and Trans Maldivian Airways, where he accumulated over eight years of experience across finance, strategy, and business operations.
Siddharth Nawal said: "I have been fortunate to work closely with Nexus over the years and have seen firsthand the strength of its portfolio and the talent of its team. India presents exciting opportunities for retail, and Nexus is well positioned to capture that growth. I look forward to working with our team, Blackstone and our partners to strengthen our portfolio, deliver exceptional experiences for our customers and create long-term value for our tenants and investors."
Dalip Sehgal said: “It has been a privilege to lead Nexus, and I am proud of what we have built together. Our people have been central to that success. I am confident Nexus will continue to grow and succeed under Siddharth’s leadership. I look forward to working with him and the Board to ensure a smooth transition and wish him every success as he leads Nexus into its next chapter.”
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