General Atlantic Appoints Sandeep Naik, Managing Director in India
GREENWICH--General Atlantic LLC ("GA"), a leading global growth equity firm, today announced that Sandeep Naik has joined the firm as a managing director and head of the firm's Mumbai, India office. Mr. Naik will lead GA's investment advisory activity in India as part of the firm's continued strategy to invest in growth companies in this important high growth economy.
"We are pleased to welcome Sandeep to our global team and to lead our India office," said William Ford, CEO of General Atlantic. Sandeep's background, expertise and leadership will be a significant addition to our team and underscores our commitment to this very important geography."
Mr. Naik commented, "I have long admired General Atlantic and its unique approach to building regional expertise and helping companies grow globally. I look forward to continuing to expand GA's activity across India andlook forward to being an active partner in GA's global team."
Mr. Naik was previously a partner and co-head of the India office for Apax leading investments in the healthcare, financial & business services and retail & consumer sectors. Sandeep has both led and participated in a number of investments including Apollo Hospitals, Spectrum Labs, Esprit Pharma and Xanodyne. He served as a director of publicly listed Apollo Hospitals.
Prior to joining Apax, Sandeep was a global marketing manager at Medtronic (a leader in medical devices), a scientist at the Mayo Clinic and a consultant with McKinsey and Company. He is the co-founder of a medical device start-up firm, InfraScan Inc. which is focused on detecting bleeding inside the brain using a handheld device.
Sandeep has a BTech in Instrumentation Engineering from the University of Mumbai, an MS in Biomedical Engineering from Medical College of Virginia and an MBA in Finance from The Wharton School of Business, University of Pennsylvania.
Sandeep was also recently selected as a Young Global Leader by the World Economic Forum.
Founded in 1980, GA manages approximately $17 billion, investing more than $2 billion per year in growth companies globally. Since it first opened an investment advisory office in Mumbai in 2002, General Atlantic has invested more than $1 billion in Indian growth companies, including its most recent partnership with Fourcee, a logistics company and IndusInd Bank, a leading bank and financial services provider. Other current and prior portfolio companies include Genpact, Mu Sigma, National Stock Exchange (NSE), InfoTech, IBS Software Services, Jubilant and Patni.
About General Atlantic
GENERAL ATLANTIC is a leading global growth equity firm providing capital and strategic support for growth companies. GA combines a collaborative global approach, sector specific expertise, long-term investment horizon and a deep understanding of growth drivers to partner with great management and build exceptional businesses worldwide. Established in 1980, GA manages approximately $17 billion in capital and has more than 80 investment professionals based in Greenwich, New York, Palo Alto, São Paulo, London, Munich, Hong Kong, Beijing, Singapore and Mumbai. For further information and a listing of GA's public and private portfolio companies, see www.generalatlantic.com.
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