Carlyle promotes Neeraj Bharadwaj as partner

Private equity giant Carlyle Group has promoted Neeraj Bharadwaj, a managing director at its Mumbai office, to partner at the firm.

Bharadwaj is among the 43 professionals the PE firm has promoted globally. It has promoted nine professionals to partner, 14 to managing director and 20 to principal/director, the firm said in a press release.

Bharadwaj looks after the Asia buyout fund out of Mumbai. The PE firm has two other managing directors in Mumbai, Shankar Narayanan and Devinjit Singh.

Bharadwaj joined Carlyle in 2012 as managing director of its India investment team. Prior to Carlyle, he was the managing director of growth investing operation in India at Accel Partners. He was also India head at PE firm Apax Partners. 

Among the 43 professionals, there are two other Indian-origin executives. Vipul Amin is now a managing director at the PE firm. He looks after the US buyout fund out of Washington. Sid Murdeshwar has been promoted to principal and is based out of New York.

Carlyle has assets worth $188 billion under management. The group has 126 funds and 160 fund-of-fund vehicles as of September 30, 2015. It employs more than 1,700 people in 35 offices across six continents.

The firm has been actively investing in India. Its recent investments include diagnostics chain Metropolis, Edelweiss Financial Services Ltd, Allsec Technologies Ltd, Global Health Pvt Ltd, Newgen Knowledge Works Pvt Ltd, PNB Housing Finance Ltd and South Indian Bank.

The firm’s Asia Buyout fund made a blockbuster exit in Housing Development Finance Corporation with 2x returns at $840 million in 2012.

In 2015, Carlyle made three profitable exits from its Indian portfolio by selling its stake in financial services firm IIFL Holdings Ltd, Claris Lifesciences and Elitecore Technologies.

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