General Atlantic continues India expansion

The global private equity firm has hired Alok Misra as a senior vice president to provide financial and strategic advice to its Mumbai-based investment team.

General Atlantic has hired Alok C. Misra as senior vice president in its Resources Group, according to a company statement. He will be based in the firm’s Mumbai office. 

He becomes General Atlantic’s first India-based member of its Resources Group, which consists of several experienced industry executives providing expertise to the firm’s investment teams and portfolio companies.  

Misra joins the firm from business process outsourcing firm WNS Group where he served as chief financial officer and helped the company through significant expansion and transformation, the statement said. He has previously worked at a number of other firms including PricewaterhouseCoopers. 

GA continues to strengthen our team in India by recruiting and developing the industry's best talent.  We are extremely pleased to have Alok join our team in this senior role to help our professionals diligence potential portfolio companies as well as support existing portfolios in their growth

Sandeep Naik, head of India, General Atlantic

“GA continues to strengthen our team in India by recruiting and developing the industry's best talent.  We are extremely pleased to have Alok join our team in this senior role to help our professionals diligence potential portfolio companies as well as support existing portfolios in their growth,” Sandeep Naik, managing director and head of General Atlantic India, said in a statement.

In April, GA enhanced its Mumbai-based team by hiring and promoting a number of investment professionals, according to an earlier statement from the firm. 

The new hires included Shantanu Rastoogi as principal, and Vijay Venkat and Varun Talukdar as associates. Existing team members Ranjit Pandit and Abhay Havaldar were also both named advisory directors, bringing team size to eight investment professionals in India. The moves came shortly after Naik joined in 2012 as India head. 

General Atlantic was the seller in one of India’s largest exits last year, selling its 30 percent stake in business process outsourcing firm Genpact alongside Oakhill Capital Partners to Bain Capital in a $1 billion secondary buyout, Private Equity International reported earlier.  

General Atlantic has $17 billion in assets under management and invests up to $2 billion each year in growth companies globally. Since it opened its Mumbai office in 2002, the firm has invested about $1.2 billion in Indian growth companies, including its most recent deals with Fourcee, a logistics company, and IndusInd Bank, a bank and financial services provider. In India itself it has returned over $1.4 billion to LPs, according to the firm.