Warburg Pincus India loses veteran

Pulak Prasad, a managing director of Warburg Pincus in India, resigned on Friday, apparently so he can set up a hedge fund.Prasad joined Warburg Pincus in 1998 and became managing director in 2002. He was based in Mumbai along with another India-focussed managing director, Rajesh Khanna. Prasad looked at investments in the consumer, industrial and general sectors and was legendary in the industry because of the Bharti deal. In 1999, while an associate at Warburg Pincus, Prasad identif…