UK-based private equity player Apax Partners LLP on Wednesday said it has named Leo Puri as its advisor and chairman of Apax India.
Puri has extensive experience in private capital and the broader financial services industry, having held senior roles at UTI Asset Management, McKinsey & Company, and Warburg Pincus in India.
Puri also previously 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.
In this newly created role, Puri will advise Apax on the long-term growth strategy of the firm in the region. Puri will partner with Anurag Sud, Head of Apax India and the India investment team, providing mentorship, strategic advice, operational input, and advice in assessing new investment opportunities where relevant.
Anurag Sud will continue to lead and manage day-to-day operations in India, with support from London-based Partner Rohan Haldea.
The Apax India office was established in 2006 and has since facilitated several successful investments for Apax Funds, including Azentio Software, Infogain, Global Logic, Zensar, IBS Software, and Fractal Analytics, Healthium, and Apollo Hospitals. In total, Apax Funds have invested $2.3 billion across nine deals in India.
