Blue River Capital names Raman Madhok as MD
Blue River Capital, a Mumbai-based private equity investor, has appointed Raman Madhok as managing director, charged with strengthening the firm's India business.
Madhok joins from CMI-FPE, the Indian venture of Belgian industrial engineering company CMI Groupe. At CMI-FPE, he was also managing director. Prior to his role at the company, Madhok was the CEO of iron and steel firm Tradeline LLC Dubai, a unit of the UAE's Al Ghurair Group, and spent 10 years at Jindal Group, becoming joint managing director and CEO of JSW Steel.
His career has also spanned the areas of processes, engineering, pharmaceuticals, fast-moving consumer goods and hotels, according to Blue River's website.
Blue River is a domestic fund with approximately $140 million under management. Its LPs include endowments, foundations, pension funds, development agencies and family offices with a long-term commitment to India. It targets companies with enterprise values of $25-250 million in the healthcare, manufacturing, consumer services, infrastructure, IT and financial services sectors. Its investments sizes range from $5-25 million.
Blue River has invested in firms such as KMC Construction, which claims to be India's third-largest road construction and development company, City Union Bank, and auto parts maker Rane Holdings.
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