Press Release

Horizon Industrial Parks, a logistics platform in India owned and managed by Blackstone Real Estate funds, announced the appointment of Urvish Rambhia as Chief Executive Officer. In this role, Rambhia will oversee the platform’s continued growth, partnering with Blackstone to build the business for long-term success.

Rambhia joins from Blackstone, where he most recently served as Principal of the India Real Estate team. He supported investments across various sectors, including data centers and logistics, and played an instrumental role in establishing Horizon Industrial Parks.

Asheesh Mohta, Head of India Real Estate, Blackstone, said: “We send our warmest congratulations to Urvish, who will continue to work closely with the team to deliver exceptional value to customers and partners. Logistics is one of Blackstone’s highest conviction themes globally, including in India, where we bring scale, operational expertise, and a track record of success. We have built one of the largest logistics portfolios in India through Horizon Industrial Parks, and we will continue to support its growth.”

Urvish Rambhia, Chief Executive Officer of Horizon Industrial Parks, said: “I’ve been fortunate to have supported Horizon Industrial Parks since its inception and have witnessed its growth into one of India’s largest logistics platforms. I am honored to lead the platform's next phase of growth through this partnership with Blackstone and strengthen our leadership in this sector.”

Since its launch in 2022, Horizon Industrial Parks has rapidly scaled to 54 million square feet of Grade-A warehouse space across 42 parks in 10 key markets. Today, it is one of the top three logistics portfolios in India.

About Horizon:

Horizon Industrial Parks offer one of India’s most significant Grade A portfolios of high-quality, modern industrial and logistics parks. These 44 industrial and logistics parks in 10 key markets, spread across 2100 acres, come with a 53 million square feet development potential.

Our parks are built to the global standards of institutional players with world-class infrastructure, standardized specifications, and facilities designed to make the work environment highly productive. Our portfolio also includes strategically located InCity centers that enable faster fulfilment and last-mile efficiency for our customers.

The portfolio is anchored by customers in fast-growing sectors such as Third-party logistics, e-Commerce, Automotive & Auto Ancillaries, Aerospace, Engineering, FMCG, and Retail. We are continuously expanding our footprint in India to meet our customers’ business requirements proactively.

Our access to Blackstone’s global intellectual capital and scale, combined with local partnership prospects, provides us the right opportunity to accelerate growth and deliver exceptional quality to our customers while contributing to our communities. We are committed to supporting India’s economic aspirations by providing a world-class logistics infrastructure and driving job creation.