Private equity firm TA Associates has appointed Naresh Patwari at its Mumbai office as a director effective September 1. Patwari will focus on investments in growth companies in India and other emerging markets.
Prior to joining TA Associates, Patwari served as a principal at ICICI Venture and previously as a vice president, leading deal sourcing, due diligence, transaction execution and portfolio management for investments in the consumer/retail, media, healthcare and energy sectors. He was previously an engagement manager at McKinsey & Company where he advised senior management and strategic and financial investors on topics such as portfolio mix, growth strategy, M&A, operating model, strategic planning and incentives.
Patwari received a B Tech, with honors, in Mechanical Engineering from the Indian Institute of Technology, and an MBA from The Amos Tuck School of Business at Dartmouth College, as an Edward Tuck Scholar with Distinction.
“Naresh brings notable experience within a number of TA’s focus industries, sourcing investments and helping companies grow. We are confident Naresh will prove a valuable member of our team in the Asia Pacific region,” said Naveen Wadhera, Co-Head of Asia at TA Associates Asia Pacific Ltd.
“Naresh is well-versed in all aspects of the Indian private equity market,” said Dhiraj Poddar, co-head of India at TA Associates Advisory Pvt. Ltd. “Naresh will play a pivotal role in advising TA on prospective investments in profitable growth companies across the array of industries in which TA focuses. We look forward to leveraging his experience in the Mumbai office.”
TA Associates has invested in more than 440 companies around the world and has raised $18 billion in capital. The firm has offices in Boston, Menlo Park, London, Mumbai and Hong Kong and leads buyouts and minority recapitalisations of profitable growth companies in the technology, financial services, business services, healthcare and consumer industries.
(Edited by Joby Puthuparampil Johnson)