Amitabh Chakraborty, formerly president – equity at Religare Securities Ltd, has joined Kitara Capital Pvt Ltd, a private equity firm. Chakraborty has joined the group as managing director and chief investment officer (CIO) at the firm, and will be based out of Mumbai.
A Religare spokesperson confirmed to VCCircle that Chakraborty had resigned from his post one month back. Though Chakraborty could not be contacted, his LinkedIn profile reads MD & CIO of Kitara.
Kitara Capital places seed capital through its holding company, Halcyon Capital Holding Co., and look for co-investment from its network of partners, according to information put on company website. It has interests in direct investment opportunities (DIOs) as a single company investment or significant potential for return over a 3-5 year investment horizon.
It looks for opportunities in private equity or illiquid private investment in public equity (PIPE) space, and focuses on investments ranging from $10 million to $40 million. The company is headquartered in Muscat, Oman and has presence in India and Dubai.
Kitara Capital, which commenced operation a year ago, is part of Ajit Khimji Group of Oman. The firm’s focus area includes investing in medium-sized businesses across various sectors and geographies.
Chakraborty joined Religare Securities in 2007. Prior to that, he was business head – Private Client Group at Brics Securties and the head of its private client group for 2 years. Previously, he worked with Kotak Securities, IDBI Capital Markets, Cazenove and A F Ferguson & Co. He has over 15 years of experience in financial markets in India.