Neeraj Bhargava, group chief executive officer of business process outsourcing services firm WNS Holdings Ltd, has quit his job to partner Harsha Raghavan, who has launched a private equity firm called Steer Capital. Bhargava will step down from his post in WNS on January 31, 2010, said a company statement.
VCCircle was the first to report the partnership of Bhargava and Raghavan in December 2009.
However, Bhargava will continue to remain as a strategic advisor to the company. WNS said, the board will shortly make announcement on his successor.
In WNS, Bhargava was responsible for executing the business strategy and directing the overall performance and growth of the organization. Prior to co-founding WNS in 2002, he served as managing partner of venture capital fund eVentures India. He was also a partner at McKinsey & Company and served in its New York, London and Mumbai offices.
The association of Bhargava and Raghavan makes sense as both of them have rich experience in private equity and entrepreneurship. The duo have been part of India's PE/VC scene for more than a decade.