Infosys Ltd, India’s second largest IT services exporter, has appointed Leo Puri as an additional director of the company, according to a company statement. He becomes part of a 15-member board and comes in as one of the nine independent directors of the firm.
Puri, who left the private equity firm Warburg Pincus in 2011 after a four-year stint, was in the race to head UTI Asset Management Company – the fifth largest mutual fund house in the country. The post of the chief of UTI AMC, which has been vacant for nearly two years now, is yet to be filled.
He currently serves as a senior advisor at McKinsey & Co, Inc., which he joined back in December 2011.
Puri holds master’s degrees in Politics, Philosophy and Economics from the University of Oxford besides obtaining an MA in Law from the University of Cambridge.
He joined Warburg Pincus in 2007 and focused on the firm’s investment activities in India and financial services investments in select global markets. Prior to that, he served as a managing director at McKinsey & Company in India and also served as a co-leader of the financial services practice in Asia.
Puri has around 25 years of experience in consulting to financial institutions. During his tenure at the PE firm, Warburg Pincus invested (and re-invested) in close to a dozen firms including Punj Lloyd, Amtek Auto, Havells India, Laqshya Media, Unique Affordable Homes, Metropolis Healthcare and Continental Warehousing, among others.
(Edited by Sanghamitra Mandal)