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Thursday 25 August 2011

Milestone Capital founder Ved Prakash Arya dies in an accident


Founder, managing director and CEO of Milestone Capital Advisors, Ved Prakash Arya passed away in an accident on Thursday (August 25, 2011). Forty-one year-old Arya, was taking a morning walk when a tree fell on him. He is survived by his wife and two children.

A driving force for Milestone, Arya successfully launched eight private equity schemes and prior to Milestone, he was chief operating officer (COO) and director of Pantaloon Retail (India) Ltd, a position he quit in February 2007. Prior to that he was associated with a department store chain - Globus - in the capacity of its CEO. He'd also founded this (Globus) retail chain in 1998 during his over a decade-old tenure with the Rajan Raheja group.

Arya was also the founder and director of the Retailers Association of India - RAI. An engineering graduate with an MBA from IIM, Ahmedabad he also spent one year in ESSEC (France) doing research and completed his Advanced Management Programme from Harvard Business School.

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