TPG Growth appoints Mumbai MD

The growth capital firm has hired Anjali Bansal as a managing director and partner.

TPG Growth, the mid-market growth equity platform of US-based TPG, has appointed Anjali Bansal as a managing director and partner based in Mumbai, the firm said in a statement. Her remit covers Asia and Africa and she will focus on human resources, the statement said.

Previously she was managing director of the executive search company Spencer Stuart’s Indian business where she co-led its Asia Pacific board and CEO practice. Prior to that, she was a strategy consultant with McKinsey & Company in New York and Mumbai.

Her board roles include GlaxoSmithKline Pharmaceuticals India, Bata India and Tata Enterprise’s Voltas.

Previously, she has served on the managing committee of the Bombay Chamber of Commerce and Industry.

TPG Growth, which has $7 billion of assets under management, focuses on the US and large emerging markets such as China, India, Brazil and Southeast Asia. Its investments in India include Sutres, AGS, Landmark Auto, Lenskart and Flexituff, the statement said.

In June, TPG Growth announced it was partnering with London-based Satya Capital to target $1 billion of investments in Africa, as reported by Private Equity International. The platform will focus on growth investments in health care, TMT, consumer and financial services sectors.