Warburg Pincus India loses veteran
Warburg Pincus India managing director, Pulak Prasad, moves on after a stellar eight-year tenure.
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 identified the investment in Bharti Televentures which then went on to become one of the firmÆs most profitable investments worldwide.
It is speculated that Prasad will be launching a hedge fund which will also invest in private equity. The financial services space in India has seen considerable churn recently with available resources unable to meet the demands of firms wanting to set up shop or expand. The entrepreneurial bug infecting people such as Prasad is the newest pressure on human resources.
Before working for Warburg Pincus, Prasad was an engagement manager with McKinsey & Company, primarily working with financial institutions and technology companies in India, the US and South Africa. Prasad has also worked with Unilever in India. Prasad received an MBA from the Indian Institute of Management, Ahmedabad in 1992 and has an engineering undergraduate degree from the Indian Institute of Technology, Delhi.
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 identified the investment in Bharti Televentures which then went on to become one of the firmÆs most profitable investments worldwide.
It is speculated that Prasad will be launching a hedge fund which will also invest in private equity. The financial services space in India has seen considerable churn recently with available resources unable to meet the demands of firms wanting to set up shop or expand. The entrepreneurial bug infecting people such as Prasad is the newest pressure on human resources.
Before working for Warburg Pincus, Prasad was an engagement manager with McKinsey & Company, primarily working with financial institutions and technology companies in India, the US and South Africa. Prasad has also worked with Unilever in India. Prasad received an MBA from the Indian Institute of Management, Ahmedabad in 1992 and has an engineering undergraduate degree from the Indian Institute of Technology, Delhi.
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