London-headquartered private equity firm Permira Friday said it has appointed Siddharth Narayan as Head of India, based in Mumbai.
Narayan joins Permira from American PE firm Warburg Pincus, where he spent the last decade focusing on investment opportunities in digital and fast-growing businesses across the consumer internet, software, fintech and services sectors in India. Between 2015 and 2017, Narayan was based in Warburg’s New York office as part of its Growth Technology Group.
Prior to joining Warburg, he worked for Lightspeed Venture Partners and McKinsey & Company. He holds an MBA from The Wharton School and an undergraduate degree from the Indian Institute of Technology, Madras.
Permiera said in a statement the new presence in India will add to its global footprint and reinforce the firm’s presence in the Asia-Pacific region. Permira first opened offices in Asia-Pacific nearly 20 years ago, and its funds have invested over €4.0 billion in 12 investments in the region since inception.
Permira says it pursues a sector-driven strategy, backing market-leaders and high-growth disruptors. Its recent investments include digital security provider McAfee, email security company Mimecast, data and analytics provider Reorg and customer service software company Zendesk.
The PE firm’s investments in the Asia-Pacific region include Tricor, the pan-Asia business expansion specialist; Yogiyo, a food delivery platform in South Korea; and I-MED, a diagnostic imaging services provider in Australia.
Permira said it continues to see “significant” opportunity to back high-quality growth businesses across North Asia, Southeast Asia, Australia and India.
Daniel Tan, Head of Asia at Permira, said India presents “an attractive source” of investment opportunities well-aligned to the firm’s investment strategy across consumer, services, technology and select sub-sectors in healthcare.