TA Associates hires director in India

The mid-market firm has named Dhiraj Poddar as a director focusing on growth investments in India and other emerging markets.

TA Associates has hired Dhiraj Poddar as a director in the firm’s Mumbai office.  Poddar will focus on investments in growth companies in India and other emerging markets.

Prior to joining TA, Poddar was a director at Standard Chartered, where he was responsible for origination and evaluation of investment opportunities, managing portfolio companies and handling exits. He previously was a senior manager at Infosys BPO, a provider of business outsourcing services, prior to which he held the position of assistant vice president of corporate finance at ICICI Securities, India’s largest equity house.

Dhiraj Poddar

TA Associates’ Mumbai office was established in the first quarter of 2009. The firm has made investments in India in companies such as Dr Lal Pathlabs, one the country’s largest diagnostic chains of pathology laboratories; Idea Cellular, a mobile operator and Micromax Informatics, a mobile handset provider.

TA Associates focuses on buyouts and minority recapitalisations in the technology, financial services, business services, healthcare and consumer industries, and manages more than $16 billion in capital.