Satish Mandhana Set to become IDFC PE Head
2010-10-29IDFC Private Equity has elevated Satish Mandhana, a Managing Director, to the head of one of the country's largest alternative asset management firms. He will be designated as Managing Partner, which is a newly created post.
Mandhana has 28 years of private equity and corporate finance/business strategy experience. During his previous stint as director of CDC Advisors (now Actis), he was involved in privatization of Punjab Tractor and investing initial capital in IDFC. He was also CFO and Head of Business Strategy at JK Paper for nearly three years.
Mandhana replaces the outgoing chief executive Luis Miranda who will now move into the role of non-executive Chairman of IDFC Private Equity. He will serve in this role till December 2011. The other two managing directors at IDFC PE are SG Shyam Sundar and Raja Parthasarthy.
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