Global private equity firm Apax Partners on Wednesday said it has appointed finance services and PE veteran Leo Puri as an advisor to parent firm and chairman of Apax India.
In the newly-created role, Puri will advise Apax on the long-term growth strategy of the firm in the region, the PE firm said.
Puri will partner with Anurag Sud, head of Apax India and the ten-member India investment team, providing mentorship, strategic advice, operational input and advice in assessing new investment opportunities wherever relevant. Sud will continue to lead and manage day-to-day operations in India, with support from London-based Partner Rohan Haldea, it said.
Puri held senior roles at UTI Asset Management, McKinsey & Company and Warburg Pincus in the country. Puri earlier served as the chairman of JP Morgan Chase for South and Southeast Asia and currently sits on the boards of Tata Sons, Hindustan Unilever, and Dr. Reddy’s. He has worked extensively in the UK, USA and Asia over a career spanning across three decades.
The Apax India office was set up in 2006 and since then has facilitated investments for the Apax Funds, including Azentio Software, Infogain, Global Logic, Zensar, IBS Software, and Fractal Analytics, Healthium, and Apollo Hospitals. In total, the Apax Funds have invested $2.3bn across nine deals in the country.
Rohan Haldea, partner at Apax, said: “Leo has a truly impressive track record of building and growing global, people-led organisations, and we’re incredibly pleased to welcome him to the firm. We know he will be an asset to our team as we look to continue strengthening our presence in what is and continues to be an incredibly exciting market for us.”
On joining Apax India, Leo Puri said: “I am proud to be working with the talented Apax team in India and supporting the growth of the franchise in the region. Apax India has an impressive heritage and track-record and I look forward to building on this success, working closely with the team in Mumbai, as well as the wider global Apax team.”