Shankar Narayanan joins Carlyle Group as MD, India
Monday, 13 December 2004, 20:30 IST
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MUMBAI: Global private equity firm The Carlyle Group today announced that Shankar Narayanan has joined as Managing Director in India to lead venture and growth capital investments there. Wayne Tsou, Carlyle Managing Director and Head of the Carlyle Asia Venture Group, said, “I am pleased to welcome Shankar to Carlyle. He has a impressive track record in India having invested in a wide range of businesses spanning a variety of sectors in both traditional private equity and venture capital. Shankar’s rich experience in building and running private equity businesses will be a major asset to our expanding investment activities in India. As one of the fastest growing economies in the world, India continues to grow in importance to Carlyle and we plan to expand our presence and investment scope there significantly. We see exciting opportunities in providing substantial growth capital to outstanding Indian entrepreneurs in a variety of high-growth sectors, who can benefit from Carlyle’s global platform and local insight. Shankar’s appointment in India is a reflection of Carlyle’s strong commitment to enlarging our Indian private equity business and funding the growth and vibrancy of the private sector in India.” Mr. Narayanan said, “Carlyle’s financial resources, sector expertise and focus, global platform and growing activities in India all make this a particularly exciting opportunity. I look forward to working with the impressive pan-Asian Carlyle team and making investments that will serve Carlyle’s investors well.” Mr. Narayanan, 42, has more than ten years of private equity experience in India. He started his career with Citibank, was Managing Director and Chief Executive Officer of Hathway Investments in India, and was then based in Hong Kong covering India for Deutsche Bank Capital Partners. He has served on the Board of Directors of Johnson Tiles, Exide Industries, Hathway Cable, Asianet Satellite Communications, Prism Cement, Tata Infomedia, Kirloskar Systems, AFL Limted and Pushpa Polymers, all were private equity investments with which he was associated.
Source: IANS
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