Jones Lang LaSalle merges with Trammell Crow affiliate in India

Trammell Crow Meghraj, one of the largest privately held real estate services companies in India, has merged with Jones Lang LaSalle.

Global real estate services and money management firm Jones Lang LaSalle has merged its Indian operations with the privately held Indian real estate services company Trammell Crow Meghraj (TCM), creating Jones Lang LaSalle Meghraj.

The new company will have 44 million square feet under management in India. The merger adds a significant Indian base to Jones Lang LaSalle’s global platform, which already has approximately 160 offices in more than 450 cities in over 50 countries.

Trammell Crow Meghraj was formerly an equity partnership between diversified commercial real estate services company Trammell Crow, private financial services company Meghraj Group and real estate investment firm Sundown Group.

Both JLL and TCM’s senior management will hold top positions within Jones Lang LaSalle Meghraj, and all its employees will integrate into similar capacities and roles within the combined organization. Anuj Puri will oversee the operations of the new entity as chairman and country head. Vincent Lo, who was previously Jones Lang LaSalle’s country head for India, has been appointed as chief executive officer, India. Two other key senior executives in the new entity are Santhosh Kumar (TCM) and Gagan Singh (Jones Lang LaSalle), who will both assume the roles of deputy CEO.

Jones Lang LaSalle Meghraj will have approximately 2,800 employees in India, with offices in ten cities. The combined firm will have its India head office in Delhi.