The global private equity major General Atlantic LLC has expanded its investment team in India with hiring more people. Under the leadership of Sandeep Naik, who joined the firm as a managing director and head of India operations, GA’s India team now includes eight full-time investment professionals and two Advisory Directors, stated a company release.
In addition to Naik, new members of GA’s team of investment professionals in India include Shantanu Rastoogi, as principal and Vijay Venkat and Varun Talukdar, both as associates. Existing team members Ranjit Pandit and Abhay Havaldar have both been named advisory directors, and will continue to be involved with GA’s portfolio companies in an advisory capacity.
Since it opened an investment advisory office in Mumbai in 2002, General Atlantic has invested about $1.2 billion in India, including Fourcee and IndusInd Bank. GA’s other current and prior portfolio companies include Genpact, Mu Sigma, National Stock Exchange (NSE), InfoTech, IBS Software Services, Jubilant, and Patni.
GA’s initial efforts in India focused on assisting our portfolio companies with expansion in this region. Our expertise in the outsourcing sector led us to evaluate investment opportunities leveraging offshore economics. In addition, GA is focused on providing growth capital for business targeting the rising consumption of the Indian population across industries, including financial services, healthcare and communications.