Exclusive: Ajay Relan, the former Managing Director of Citigroup Venture Capital International (CVCI) in India, is believed to have roped in Morgan Creek Capital as an anchor investor in his soon-to-be floated private equity fund. The US-based investment firm is said to be investing $100 million in Relan’s fund, independent sources told VC Circle.
Sources also [...]
Exclusive: Mumbai based financial services company Edelweiss Capital is learnt to be setting up a private equity fund, and it is understood to have roped in Debi Guha from Government of Singapore Investment Corporation to head up the proposed fund. The size of the proposed fund is not known. Edelweiss nor Guha could not [...]
Rajeev Thakore has quit private equity fund Baer Capital where he was a Managing Director based in Delhi. Thakore has joined the US-based private equity fund Strategic Value Partners (SVP) as a managing director. He will based in Delhi. SVP, which invests out of its global fund, set up shop in India last year. The [...]
Credit Suisse Group has made senior level appointments in its India investment banking arm. The firm has appointed Sughosh Moharikar and Samita Shah as managing directors of investment banking. They will be based in Mumbai. Moharikar, who joins from Kotak Mahindra Group, will handle M&A. He has spent 14 years in the business, while he [...]
Private Equity
Capvent Readies $250-Million To Invest In First & Second Time Funds
Lighthouse Announces First Closing Of Rs 500-Crore India 2020 Fund
Promethean Becomes Elephant Capital; Burmans Take Charge
ADAG Forms Entity To Raise $1 Billion Private Equity Fund; Ramesh Venkat To Head It
Gaja Capital Raises Funds From Electra, Goldman Sachs
AMP Capital Announces $750-M Asian Infra Fund; To [...]
Former Dell Computers chief in India, Rajan Anandan, has been appointed as the Managing Director of Sales Marketing and Services business of Microsoft India Pvt Ltd. He will report directly to Ravi Venkatesan, Chairman of Microsoft India. Anandan was previously the Vice President and Country General Manager for Dell India. Anandan has been appointed to [...]
MD of Country’s Bellwether Index Resigns
Rajnikant Patel has resigned from the post of managing director and chief executive officer of the Bombay Stock exchange, citing personal reasons, reports Reuters. The bourse’s chief operating officer, Mahesh L Soneji, would be overseeing the additional responsibilities of the managing director until a new appointment was made, the BSE [...]
Exclusive: UK-based, mid-market focused private equity fund Englefield Capital is setting up an office in India. The London-headquartered fund has hired Dinesh Vaswani, who was earlier a managing director with Temasek Holdings in India, as the co-head of the fund. The other co-head is Jerome Mourgue d’Algue, who is moving in from Englesfield’s London office. [...]
Motorola finally has its turnaround man. The mobile handset and technology giant has named Dr. Sanjay Jha, the ex- COO of Qualcomm, as its Co-CEO and the CEO of its Mobile Devices business. Jha will lead the company’s cellphone spinoff, scheduled for Q3 2008, and will be entrusted with turning around the once-great cellphone company. [...]
Updated: Tata Capital has announced that it has appointed Shailendra Bhandari as the head of its private equity business.
Tata Capital has appointed Shailendra Bhandari, the former managing director and CEO of Centurion Bank of Punjab (CBoP), as the head of its private equity business, The Economic Times has reported, quoting unnamed sources. VC Circle [...]
Ajay Relan’s exit from Citi Venture Capital International, where he spent about 13 years, is official. Citi has issued a release that the fund in India will be headed by PR Srinivasan or popularly known as PRS. He is being designated as Managing Director (Region Head - India), Mumbai.
Prior to joining Citi in 2002, Srinivasan [...]
Ajay Mahajan has put in his papers at Yes Bank, where he was Group President, Financial Markets, Institutions & Investment Management. He is reportedly joining Swiss banking giant UBS in a senior position. Mahajan was reporting directly to Yes Bank CEO and Managing Director, Rana Kapoor. He was also part of the of the executive [...]
Leading investment bank Edelweiss Capital is venturing into asset reconstruction business, for which it’s on the lookout for foreign partners. Edelweiss will soon apply to Reserve Bank of India for an ARC licence.
Meanwhile, Edelweiss has hired Siby Antony as executive vice-president of Edelweiss Alternate Asset Advisors, the company which will run the ARC busiuness. [...]
Has the India team of Citi Venture Capital International (CVCI), the private equity arm of Citigroup, quit? Business Today magazine, dated June 25, hinted in a report that Ajay Relan, Managing Director, of CVCI, and his other colleagues in India like P.R. Srinivasan and Vivek Chhachhi have left the firm to start a private equity [...]
Sumant Sinha, the CEO of AV Birla Retail, has quit the group. He had also occupied the role of group CFO at AV Birla. The group has appointed Thomas Varghese as the new CEO of the retail business, according to a report in The Economic Times. Varghese is currently senior executive president and head of [...]
