Mohandas Pai To Launch $100 Mn PE Fund
TV Mohandas Pai, fomer HR Director of Infosys is planning to launch $100 Mn PE Fund.
The fund will make mid-to-late-stage investments in technology and healthcare firms.
Transaction Reference: DNA
Pai joined Infosys in 1994 and has served as a member of the board since May 2000. He was its CFO from 1994 to 2006. In 2006, he voluntarily demitted the office of CFO to lead efforts in the areas of human resources and education and research.
In April this year, he resigned from Infosys' board of directors as well as from the company itself. He then joined Manipal group of educational institutions as the chairman of Manipal Universal Learning (MUL).
Pai was the second senior level executive quiting Infosys after Nandan Nilekani. Nilekani since then has joined the Unique Identification Authority of India as its Chairman.
Recently, former Actis Partner Subba Rao Telidevara launched a $250 Mn (Rs.1,105 Cr) fund, LotusPool Capital, for buyouts, PIPE deals and growth capital fundings. The fund is expected to make a first close in 8-12 months.
P R Srinivasan, the former MD & India Region Head of CVCI, started Exponentia Capital this year.
| Readers' Comments | Post a Comment >> |
| Dealforwards |  |
| May 16, 2012... | Piramal Healthcare Acquires Decision Resources Group |
|
| May 17, 2012... | Car Rental Firm Carzonrent Acquires QCABS |
|
| May 21, 2012... | Healthkart Acquires Health Nutrition E-store Madeinhealth.com |
|
| May 18, 2012... | Panchshil Realty Buys Back IREO, Merrill Lynch's Stake In Three Projects |
|
| May 15, 2012... | A Profitable Injection Mould Design & Mfg Co Looking For A Strategic Investor |
|
