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Warburg Pincus appoints Leo Puri as MD

Mumbai: Leo Puri, a former executive of McKinsey & Co., has been appointed managing director of U.S. private equity firm Warburg Pincus. The latter is strengthening its focus on India and feels that Puri's deep expertise in financial services and broad India experience will be of great value to the firm.

Puri is a post-graduate in politics, philosophy and economics from Oxford University and was a co-leader of the financial services practice in Asia for McKinsey, Warburg said. Puri will begin at Warburg's New York office in April, and will be relocated to its Mumbai office later.

Warburg has investments in firms such as Bharti Airtel Ltd, the country's largest mobile phone firm, and back-office firm WNS Holdings. It also has stakes in Kotak Mahindra Bank and newspaper publisher Writers and Publishers Ltd., which sells the Dainik Bhaskar and Divya Bhaskar.
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Rahul Kirloskar is Maharashtra CII Chief
Mumbai: Kirloskar Oil Engines (KOEL) director Rahul Kirloskar ahs been elected chairman of CII Maharashtra State Council 2007-08 while Pradeep Bhargava , the managing director of Newage Electrical India was elected vice-chairman, a press release said.

Rahul Kirloskar has been associated with the Kirloskar Group of Companies for more than 19 years at senior levels in different capacities, it said.

Bhargava has been with the Central government and Public Sector in Indian Space Research Organisation and Atomic Energy Commission, Bharat Heavy Electrical India as corporate planner, implementing diversification into Power Electronics.
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Sudheer Kuppam appointed MD of Intel Capital
New Delhi: Sudheer Kuppam has been appointed as the managing director (India, Japan, Australasia and South-East Asia regions) at Intel Capital, Intel's venture capital arm.

Kuppam would be based in Bangalore and report to Intel Capital's president Arvind Sodhani, a company statement said here.

He would be responsible for leading company's investment strategies and expansion plans including placement of the 250 million dollar Intel Capital India Technology Fund.

Kuppam was earlier the director of Intel Capital's flash memory and semiconductor sector.
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domain-B : Indian business : News Review : 23 March 2007 : people