India's Edelweiss names Pranav Parikh as head of PE

In a statement Edelweiss said Pranav - who worked with multi-asset firm Q-India Investment Advisors, the Indian arm of Texas-based investment firm Q Investments, until 2012 - will run the firm's growth private equity and early-stage venture funds, targeting both tech and non-tech companies.

Parikh also worked with Q-Investments in the US for almost six years as a portfolio manager. Prior to that, he worked as a senior credit rating analyst with Indian credit rating agency ICRA.

"His appointment will further focus our efforts on the growing private equity and venture capital businesses that signify India's growth potential and the burgeoning start-up space," said Rashesh Shah, chairman and CEO of Edelweiss.

As a diversified financial services firm, Edelweiss operates four major businesses areas: credit, financial markets & asset management, life insurance and commodities. Last year it bought Forefront Capital, a Mumbai-based hedge fund management firm focused on high net-worth individuals (HNWIs).

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