General Atlantic expands its investment team in India
New Delhi: Global private equity major General Atlantic on Tuesday said it has strengthened and expanded its investment team in India with several new hires.
Under the leadership of Sandeep Naik, who joined the firm as a managing director and head of the firm's Mumbai office in India last year, General Atlantic's India team now includes eight full-time investment professionals and two advisory directors.
In addition to Naik, new members of General Atlantic's team of investment professionals in India include Shantanu Rastoogi, as principal; and Vijay Venkat and Varun Talukdar, both as associates.
Existing team members Ranjit Pandit and Abhay Havaldar have both been named advisory directors, and will continue to be involved with General Atlantic’s portfolio companies in an advisory capacity.
Underscoring the firm's long-term commitment to pursuing growth equity investment opportunities in India and South East Asia, General Atlantic has strengthened its investment team in India, a company release said.
"As an important high-growth economy, India will continue to be a core element of General Atlantic's strategy of investing in growth companies around the world," General Atlantic CEO William Ford said.
Since General Atlantic opened an investment advisory office in Mumbai in 2002, it has invested about USD 1.2 billion in Indian companies, including its most recent partnership with Fourcee, a logistics company, and IndusInd Bank, a leading bank and financial services provider.
Other current and prior portfolio companies include Genpact, Mu Sigma, National Stock Exchange (NSE), InfoTech, IBS Software Services, Jubilant, and Patni.