Private equity firm Everstone Group has appointed Sanjay Gujral as its chief operating officer, it said in a statement.
Gujral will be based in Singapore and will work closely with Sameer Sain, co-founder and chief executive officer of Everstone Group.
Everstone’s incumbent COO, Sanjoy Chatterjee, will relocate to New York to become president of its North America operations and global head of business development.
Gujral rejoins Everstone, where he served as an executive director in India between 2006 and 2011, after a seven-year gap.
Prior to the current appointment, Gujral was part of the leadership team and investment committee at Singapore-based PE firm L Catterton Asia. He also has 11 years of experience in corporate finance advisory at Arthur Andersen, Ernst & Young and Ambit Corporate Finance. He is an alumnus of Shri Ram College of Commerce, Delhi and the Indian Institute of Management, Bangalore.
Everstone, which was founded in 2006, has about $4.5 billion in assets under management in private equity and real estate investments. It has offices in Singapore, Mumbai, Delhi, Bengaluru, Mauritius, New York and London.
To expand its global business, the PE firm last month opened a new office in New York and also hired people for its Asia-Pacific business. It roped in Taylor Lawrence as managing director-business development for the Americas.
Besides co-founders Sain and Atul Kapur, Everstone’s top management includes the chief of PE business unit, Dhanpal Jhaveri, and the head of the realty investments unit, Rajesh Jaggi.
Earlier this month, VCCircle reported that Prateek Dhawan had resigned as managing director of the private equity team at Everstone Capital. His departure follows that of another managing director, Atul Phull, who quit the firm last month.
In April, Everstone Group formed an equal joint venture with British solar power company Lightsource BP to set up a £500 million ($710 million or Rs 4,673 crore) India-focussed green energy fund.
The PE firm had last raised $730 million in its third sector-agnostic but consumer-themed fund, Everstone Capital Partners III LP.