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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.
"As an important high-growth economy, India will continue to be a core element of General Atlantic's strategy of investing in growth companies around the world," said William Ford, CEO of General Atlantic. "GA is active in several Indian sectors opening up to new investment, including financial services, healthcare, technology, business services, and consumer retail. We also see attractive investment opportunities arising from the rapid growth of the emerging middle class," he added.
General Atlantic manages approximately $17 billion and invests between $1.5 billion and $2 billion per year globally.
