Mumbai-based private equity firm Ambit Pragma Ventures has appointed Atul Kunwar as an operating partner.
Kunwar has over 25 years of experience in IT- ITeS, technology and Internet sectors. Prior to joining Ambit Pragma, Kunwar was president and global head of sales at Mahindra Satyam. In the past, he had worked with companies like Aditya Birla Minacs, eFunds, Syntel and 3Com India.
Kunwar is an electrical engineer from the Delhi College of Engineering and also holds an MBA degree from FMS, Delhi University.
He will lead the engagement with the company’s portfolio and will advise them on all strategic, operational and related issues besides assisting in evaluating investment opportunities. He will also lead the development of an investee engagement programme for the company.
Ambit Pragma focuses on five major sectors such as media & entertainment, healthcare, logistics, branded food, support services in infrastructure.
According to its website, the company has invested in three companies – Pune-based Spear Logistics, an asset-light, contract logistics company; Prasanna Purple, a bus-operating company based in Pune and Mumbai-based Beams Hospitals, a chain of minimal access surgery centres
Ambit Pragma Eyes $150M For Second Fund; IFC May Invest $20M
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