As part of its intention to foster next-generation leadership inside the company, Warburg Pincus announced that Vishal Mahadevia, its longtime head of India, will take on the newly established role of head of Asia private equity.
As the company emphasizes overseas business support and industrial activities, Warburg has chosen Narendra Ostawal, who joined the company in 2007, as its head of India. Anish Saraf and Viraj Sawhney will also assume larger responsibilities, as reported by livemint.
“We were the first Private Equity firm to achieve scale in Asia, and we continue to benefit from the transformation of the economy and the rise of the middle class,” Chip Kaye, CEO,
Warburg Pincus is the third private equity company to elevate its India head to a senior position in Asia with Mahadevia. Amit Dixit was elevated by Blackstone in 2021 to head of private equity for Asia. Early this year, KKR promoted Gaurav Trehan, its head of private equity in India, to head of private equity in Asia.
Through its capital solutions, real estate, and private equity strategies, Warburg Pincus has invested over $113 billion in over 1,000 firms in over 40 countries since its establishment in 1966. With offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore, the company has its headquarters in New York.
About Warburg Pincus
Global growth investment leader Warburg Pincus LLC. The company manages assets valued at about $84 billion. The almost 250 companies in the firm’s active portfolio are widely varied in terms of stage, industry, and geography. When management teams are looking to create long-lasting businesses with sustainable value, Warburg Pincus is a knowledgeable partner.