Everstone ropes in former Wipro top exec Suresh Vaswani to boost IT investments

Suresh Vaswani

Private equity firm Everstone Group Monday announced that it has roped in Suresh Vaswani, former president of Dell Services and co-CEO of Wipro, to boost investments in the information technology space.

Vaswani will join as a senior director at the Everstone Group and also the board of two group companies – Servion Global Solutions, a US-headquartered omnichannel customer experience management company and Innoveo AG, Switzerland-based InsurTech Cloud software provider, Everstone said in a statement.

In his new role, Vaswani will work closely with Avnish Mehra, Managing Director, Everstone Group to provide strategic and operational expertise in current and prospective investee companies worldwide.

He will be based out of the US and split his time between U.S. and India, the statement said.

“Suresh brings a wealth of global information technology expertise and experience. This partnership will strengthen our capability set on the sector as a whole, and specifically on our cross-border investment strategy, where we synergize with our infrastructure in India and South East Asia,” said Sameer Sain, CEO, The Everstone Group.

Vaswani recently joined the board of Vodafone-Idea and is also an external advisor to Bain Consulting. He has over three decades of leadership experience across global IT/technology majors which includes Dell, IBM and Wipro, Everstone said.

He is an alumnus of Indian Institute of Technology, Kharagpur with an MBA from Indian Institute of Management, Ahmedabad.

Everstone is focused on India and South East Asia, with assets in excess of $5 billion across private equity, real estate, green infrastructure and venture capital.