Vivek Paul joinsTexas Pacific Group

By siliconindia staff writer   |   Thursday, 30 June 2005, 07:00 Hrs
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SAN FRANCISCO: Vivek Paul, the former U.S. based president and CEO of Wipro Technologies has been appointed as the partner at Texas Pacific Group (TPG).

Paul, regarded as one of the most influential CEOs in the world, will work closely with the professionals of Texas Pacific Group and its Asian affiliate Newbridge Capital, who together manage a global portfolio of approximately $70 billion in revenue.

Paul, 46, is credited with building Wipro Technologies from a $150 million software business into the third biggest software services company in India, with 2004 revenues of $1.4 billion.

Recently named one of world’s 30 Most Respected CEOs by Barron’s Magazine, Paul was also selected as one of the TIME/CNN 25 Global Business Influentials for 2004 and rated by Business Week as one of the Best Managers globally for 2003.

“This is an extraordinary opportunity to join forces with a firm that is helping to reshape global business,” Paul said. “Global private equity firms represent patient, smart capital pools that can be deployed on a worldwide basis. Texas Pacific Group is among the most global of private equity investors and continues to demonstrate its success in the transition that is underway. Few firms have the integrity and name recognition of TPG, and they have structured their funds in a way that allows me to apply my operating experience to multiple situations – with diversity in industry sectors, investment life cycle and geographic location.”

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