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Warburg Pincus names new India co-heads

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Warburg Pincus has elevated managing directors Niten Malhan and Vishal Mahadevia to the roles of co-heads of the firm's India business, assuming the responsibilities held by Managing Director Dalip Pathak, who founded the India office. Their appointments will be effective from January 1.

According to the firm, Pathak will "remain engaged in India and focus on a broader range of firm-wide initiatives including sourcing cross-border opportunities."

"We have been planning this for some time and are delighted to announce that Niten and Vishal are assuming leadership of the India office. Their contributions have been essential to our success in India, as they worked closely with Dalip to grow our business," Chip Kaye, co-president of Warburg Pincus, said in a statement. "We look forward to Dalip's continued contributions while serving as a resource to Niten and Vishal."

Pathak assumed his leadership role in March of last year, when Rajesh Khanna, ex-managing director and head of Indian operations, departed the firm to establish his own fund. Pathak previously oversaw the firm's European investment activities.

Warburg Pincus has been an active investor in India since 1994, and opened its Mumbai office in 2001. The firm claims to have invested approximately $3 billion in Indian companies, and counts firms including Bharti Airtel, Kotak Mahindra Bank and Max India among its key portfolio companies.

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