In the latest people moves, Lighthouse has appointed FMCG veteran PK Hariharan as an operating partner while Aditya Birla Private Equity chief executive officer D Muthukumaran has put in papers.
Lighthouse names PK Hariharan as operating partner
Mid-market private equity firm Lighthouse has appointed FMCG veteran PK Hariharan as an operating partner, it said in a statement.
Hariharan has over 40 years of experience in the FMCG industry. He spent 35 years alone working with consumer goods giant Procter & Gamble in different roles across sales, market strategy, and planning. He also spent more than six years in Singapore and overseeing South Asia business.
At Lighthouse, Hariharan is expected to leverage his extensive experience in sales and distribution, marketing, as well as leadership training.
Aditya Birla PE CEO D Muthukumaran quits
Aditya Birla Private Equity chief executive officer D Muthukumaran has put in papers. He is currently serving his notice period and is exploring options including starting his own venture, , VCCircle reported.
Prior to joining the PE firm, Muthukumaran was in Group Corporate Finance at the Aditya Birla Group for 12 years, where he was driving mergers and acquisitions and long term capital raising across the businesses.
Meanwhile, Aditya Birla PE is looking to raise about Rs 1,500 crore (around $214 million) in its third fundraising outing, which will be managed by Ajay Srinivasan, the chief executive of financial services provider Aditya Birla Capital, in the interim.