Global growth equity firm General Atlantic has appointed Sandeep Naik as a managing director and head of the firm’s Mumbai, India office.
Naik was previously a partner and co-head of the India office for Apax leading investments in the healthcare, financial & business services and retail & consumer sectors. He has both led and participated in a number of investments including Apollo Hospitals, Spectrum Labs, Esprit Pharma and Xanodyne. He served as a director of publicly listed Apollo Hospitals.
“We are pleased to welcome Sandeep to our global team and to lead our India office,” said William Ford, CEO of General Atlantic. Sandeep’s background, expertise and leadership will be a significant addition to our team and underscores our commitment to this very important geography.”
Prior to joining Apax, Naik was a global marketing manager at medical devices company Medtronic, a scientist at the Mayo Clinic and a consultant with McKinsey and Company. He is also co-founder of a medical device start-up firm, InfraScan.
Since it first opened an investment advisory office in Mumbai in 2002, General Atlantic has invested more than $1bn in Indian growth companies, including its most recent partnership with Fourcee, a logistics company and financial services provider IndusInd Bank. Other current and prior portfolio companies include Genpact, Mu Sigma, National Stock Exchange (NSE), InfoTech, IBS Software Services, Jubilant and Patni.
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