Advent International, the global private equity firm, today announced that Shweta Jalan has joined Advent India PE Advisors Private Limited (“Advent”) as a director to support the development of Advent’s business in India. Shweta joins Advent following the receipt of its company registration in India as it sets up its Mumbai office.
Shweta joins Advent from ICICI Venture in Mumbai where she was a director. She was part of the initial team which built ICICI Venture over a ten year period to become one of the leading private equity players in India. Shweta has also been involved with fund raisings and managing relationships with large institutional investors active in private equity. Before joining ICICI, she spent a year at Ernst & Young in the corporate Finance division focusing on private equity placements and valuations.
Advent International’s funds made their first Indian investment in October 2007 in Computer Age Management Services Ltd (CAMS), a transaction processing company providing investor record keeping services for Mutual Funds and process outsourcing services to insurance companies in India. Advent also appointed P. Jayendra Nayak as an Operating Partner to advise on Indian investment opportunities, especially those in the financial services sector. Nayak was formerly Chairman and CEO of Axis Bank, the third largest private sector bank in India.