The Carlyle Group has announced the promotion of Mahesh Parasuraman, Vice President, Asia Growth Fund, to the position of Director. He is based at the fund's Mumbai office.

A commerce graduate from Bangalore University and a Chartered Accountant (CA) and Cost Accountant, Mahesh Parasuraman was closely involved in most of the large M&A engagements in the IT Services & BPO sectors in India. He is currently on the Boards of Newgen Imaging Systems, Allsec Technologies, Elitecore Technologies and Repco Home Finance. Parasuraman is also associated with PE investments in Sharekhan, Financial Software & Systems, Learning Mate Solutions, and has served on the boards of these companies.

Prior to joining Carlyle, he was with Ernst & Young Corporate Finance as an Associate Vice President focused on Technology, Media and Telecom sectors for four years. Prior to Ernst & Young,  Parasuraman was with Arthur Andersen in their Tax and Business Advisory Group for over four years where he was involved extensively in U.K. and India corporate taxes, cross border structuring, business re-structuring, joint venture partner search and India entry strategy.

Along with Parasuraman, Carlyle Group also elevated 34 other executives from all over the world. Of them, 15 are promoted to Managing Director position and 20 executives including Parasuraman to the Director/Pricipal level. Principals and Directors are at the same level in Carlyle parlance. (Principal is the title used in North America and Director is the title used in Europe and Asia).

Carlyle Asia Growth Partners (CAGP) is one of the largest growth capital platforms in Asia which manages four funds with total asset under management of approximately $2 billion. It invests in outstanding local entrepreneurs, management teams and emerging leaders across sectors in the largest Asian economies, including China, India, Korea and other key Asian markets.  CAGP manages investments in more than 10 sectors: consumer & retail, energy & power, education, financial services, healthcare, industrial, real estate, technology & business services and media.

The Carlyle Group is a global alternative asset manager with more than $97.7 billion under management. With 76 funds across four investment disciplines (buyouts, credit alternatives, growth capital and real estate), Carlyle has over 400 investment professionals operating out of offices in 19 countries in North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America.

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