Another global private equity biggie Bain Capital has set its ball rolling in India. The world’s leading private equity fund, which manages over $50 billion, has appointed former DSP Merrill Lynch banker Amit Chandra as its Country Head and Managing Director for India. The firm is set to open its office in Mumbai. Prior to [...]
US based investment bank Jefferies has appointed Sidharth Punshi as a Managing Director and Country Head in India. Punshi will lead a team of investment banking professionals covering the Indian market. He joins from Goldman Sachs where he was Executive Director, Head of European IT Services and Software Sector in the Technology, Media and Telecommunications [...]
Middle East is turning a very important centre of international financial markets. We know that the oil-rich region is a major source of capital for private equity and buyout funds. Interestingly, Citigroup will be the first global financial powerhouse to realise that if its latest move is any indication. The US based banking group has [...]
Buyout fund Carlyle Group has hired Devinjit Singh, Citigroup’s head of M&A in India. Singh, a 20-year veteran at Citi, will join the US fund’s buyout practice in India as a Managing Director, and will report to Rajeev Gupta, who is the head of Indian buyout business. Singh has been a managing director at Citi [...]
Australia’s investment and specialised fund and asset management group, Babcock & Brown, has hired eight key managers from ABN AMRO India including the latter’s M&A Head Manikkan Sangameswaran. Babcock & Brown will be headed by Sangameswaran in India. He was a key member of ABN Amro which advised on the Tata Steel’s acquisition of Corus [...]
Exclusive: The man who was slated to head Kishore Biyani’s ambitious project Future Ventures is on his way out. Prashant Desai, a chartered accountant and Biyani’s chief investment officer (or Head of Investor Relations) for many years is slated to join Antique Capital, a boutique investment firm, as a partner with two others. Desai could [...]
Leading Silicon Valley-based venture capital firm New Enterprise Associates (NEA) has appointed former Mphasis CEO Jerry Rao and American Tower Corporation’s Asia head Amit Sharma as venture advisors in India. The Indian operations of NEA is headed by Ben Mathias, who is a Vice President.
Jaithirth (Jerry) Rao was the founder, chairman and CEO of a [...]
Aluri Srinivasa Rao, Director Investments at ICICI Venture, has quit the Mumbai-based private equity firm. According to an email sent by Rao to his friends and associates, Rao’s last working day at ICICI Venture is April 8, and he will be joining a new organisation from May 1. It is not known where he is [...]
Norwest Venture Partners (NVP), the US headquartered technology venture capital firm led by Promod Haque, has added a partner to head up its newly set up Bangalore office. It has hired Mohan Kumar, a technocrat with 21 years of technology and investment experience in companies like Motorola and Texas Instruments, as Executive Director. Kumar, based in [...]
The exodus from Citigroup Inc. to Mumbai based Anand Rathi Financial Services Ltd. continues. Rajesh Mayani, Director of institutional equity sales in India for Citigroup, has become the third Citi hand to join the Mumbai based broking firm, where he will head equity sales. Interestingly, Anand Rathi is backed by Citigorup’s venture capital arm Citigroup [...]
Cordea Nichani, the real estate fund, has named Naresh Vetcha as director, portfolio management. Bhavin Thakker will join as vice president, investment and acquisitions; while Ajay Rathi will be senior vice president, finance. Cordea Nichani is a joint venture between UK property fund manager Cordea Savills and Indian movie company Nichani Holdings LLC.
They will all [...]
Exclusive: Silicon Valley venture fund Clearstone Venture Partners has roped in Shailesh J Mehta, the former CEO of multi-billion dollar credit card company Providian Financial Corp, as a venture partner.
Mehta - the management school of IIT Bombay, where he graduated, is named after him - will focus on non-tech and growth capital investments for Clearstone [...]
The Cleantech Group, which is a network of investors and companies in the cleantech industry, has set up shop in India. So far it had only presence in North America, China and Europe. Leading venture capitalist Vinod Khosla will serve as Chair and Jaswinder Kaur, executive director of the Indian Venture Capital Association (IVCA) in [...]
Merrill Lynch & Co., leading global investment bank, has appointed Kevan Watts as president of its Indian arm. Watts, 57, will work with Hemendra Kothari, chairman of DSP Merrill Lynch, in which Merrill owns 90 percent, a company press release said.
Greg Fleming, president of Merrill Lynch, said on the appointment: “India is a critical growth [...]
As has been widely expected, the government has officially appointed C B Bhave as the new chief of capital market regulator Securities Exchange Board of India (SEBI). Bhave, an ex-IAS officer, moves from National Securities Depository Ltd (NSDL), and he replaces M Damodaran whose three year tenure will end on February 17. Bhave has pipped [...]
