Growth Equity Investor, General Atlantic Announces its Expanded Team in India

Growth Equity Investor, General Atlantic Announces its Expanded Team in India

PR Newswire

GREENWICH, Conn. and MUMBAI, India, April 22, 2013

GREENWICH, Conn.and MUMBAI, India, April 22, 2013 /PRNewswire/ --General
Atlantic LLC ("GA"), a leading global growth equity firm, today announced that
it has strengthened and expanded its investment team in India with several new
hires, underscoring the firm's long-term commitment to pursuing growth equity
investment opportunities in India and South East Asia. Under the leadership
of Sandeep Naik, who joined the firm as a managing director and head of the
firm's Mumbai, India office in late 2012, GA's India team now includes eight
full-time investment professionals and two Advisory Directors.

"As an important high-growth economy, India will continue to be a core element
of General Atlantic's strategy of investing in growth companies around the
world," said William Ford, CEO of General Atlantic, who is visiting India this
week. "GA is active in several Indian sectors opening up to new investment,
including financial services, healthcare, technology, business services, and
consumer retail. We also see attractive investment opportunities arising from
the rapid growth of the emerging middle class."

Mr. Ford continued, "Sandeep has gotten off to a terrific start in leading
GA's highly talented team. GA is better positioned than ever to provide
entrepreneurs and management teams of the region's high-growth businesses with
the long-term expertise and capital they need to scale up, expand and take
full advantage of their market opportunities."

In addition to Mr. Naik, new members of GA's team of investment professionals
in India include Shantanu Rastoogi, as principal; and Vijay Venkat and Varun
Talukdar, both as associates. Existing team members Ranjit Pandit and Abhay
Havaldar have both been named advisory directors, and will continue to be
involved with GA's portfolio companies in an advisory capacity.

Mr. Naik commented, "I am very pleased to be a part of General Atlantic in
pursuing opportunities with Indian growth companies – particularly those with
a desire to expand globally. GA has a fantastic track record as a minority
shareholder and value added partner to management teams, which makes us
perfectly suited for opportunities in India. Our evergreen fund structure
affords us the flexibility to hold investments much longer than traditional
private equity firms allowing us to help build value and manage through market
volatility. In addition, our domain expertise and ability to help scale
companies makes us an ideal partner for India promoters, management and growth
oriented entrepreneurs."

Sandeep 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. He has both led and participated in a number
of investments including Apollo Hospitals, Spectrum Labs, Esprit Pharma and
Xanodyne. He also served as a director of publicly listed Apollo Hospitals.

Prior to joining Apax, Mr. Naik was a global marketing manager at global
medical device leader Medtronic, a scientist at the world renowned 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.

Mr. Naik 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. He is also a Young Global Leader of the World Economic Forum
and serves on the Global Agenda Council on 'New Order of Economic Thinking'.

General Atlantic manages approximately $17 billion and invests between $1.5
billion and $2 billion per year in growth companies globally. Since it opened
an investment advisory office in Mumbai in 2002, General Atlantic has invested
about $1.2 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. In India itself it has returned over
$1.4 billion making it one of the most successful investors in the region.
Other current and prior portfolio companies include Genpact, Mu Sigma,
National Stock Exchange (NSE), InfoTech, IBS Software Services, Jubilant, and

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 75 investment
professionals based in Greenwich, New York, Palo Alto, London, Dusseldorf,
Hong Kong, Beijing, Mumbai and Sao Paulo. For further information and a
listing of GA's public and private portfolio companies, see

Arwa Husain
91 (98) 2032-9833

General Atlantic Contact
Pat Hedley

SOURCE General Atlantic LLC

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