India Equity Partners, an India-focussed growth capital firm, has hired three people for its operations in the country. Sid Khanna, KK Iyer and Sudarshan Sampathkumar have joined the firm from Accenture, the global consulting company.
Sid Khanna is joining as chairman and managing director of India Equity Partners, the firm said in a statement. He was until recently a global managing partner at Accenture in London. In his 30 years at the company, he was the founding country managing partner for Accenture in India, and was responsible for establishing the company's consulting, IT and BPO operations in the country.
Iyer, who was a partner at Accenture in India, has joined the firm as a managing director. In his former role, Iyer was in charge of sales support across the country for the company’s technology outsourcing work. He was also involved in product leadership and oversaw the pharmaceutical, travel and construction industries.
Sampathkumar joins India Equity Partners as a managing director as well. At Accenture, he was a lead partner in the performance improvement practice and responsible for industries in the communications, utilities and natural resource sectors.
Both Sampathkumar and Iyer were part of the team that led Accenture’s early foray into India, the firm said.
India Equity Partners manages an India-focussed $300 million (€190 million) private equity fund that makes growth-oriented investments. It invests between $20 million and $250 million per deal. Deals larger than $50 million rely on additional capital from co-investors and partners.
Its investments include Ikya Human Capital Solutions, an HR solutions company; Bharti Infratel, a telecom infrastructure subsidiary of Indian telecom giant Bharti Airtel; Mannapuram Group, a non-banking finance company based in southern India; steel-manufacturer Jai Balaji; and Ocean Sparkle, a port management company.
The firm manages more than $2 billion for making investments in Indian real estate, private equity and public equity. It has offices in New York and Mumbai.