ChrysCap-backed IT services firm HCL Technologies Ltd has roped in Sudhindar Krishan Khanna, popularly known as Sid Khanna, as an additional director to join its board. Khanna is also the chairman and managing director of India Equity Partners (IEP) that targets control-oriented PE deals in India.
An economics graduate from St Stephen’s College (Delhi) and a chartered accountant by profession, Khanna joined Accenture in London in 1977 and spent around three decades with the group. During this period, he relocated to India to start Accenture’s practice and became the managing partner of Accenture in India & the Middle East and a lead member of the Accenture global management team.
He was responsible for initiating all major businesses of Accenture in India, including consulting, ITO, BPO and KPO. Khanna also serves on the board of United Spirits, Peninsula Holdings and Canara HSBC Insurance.
At IEP, his core responsibilities include investment strategy and review, deal origination, developing and executing strategy for portfolio companies and managing key Indian corporate and governmental relationships. He shares the post of managing director with two other investment professionals – Gaurav Mathur and KK Iyer.
Some of the recent deals struck by IEP include quick service restaurants chain Sagar Ratna, packaged food company Innovative Foods and supply chain service provider Swastik Roadlines.
Its key portfolio companies include Bajaj Auto, Amtek Auto, Jai Balaji Industries, A2Z Maintenance & Engineering, Bharti Infratel, Manappuram General Finance & Leasing and Ikya Human Capital, among others.
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