Leo Puri joins Apax to support growth in India
13th March 2024
Apax Apax Partners LLP (“Apax) is pleased to announce the appointment of Leo Puri as an Advisor to Apax and Chairman of Apax India. In this newly created role,Apax Partners LLP (“Apax) is pleased to announce the appointment of Leo Puri as an Advisor to Apax and Chairman of Apax India.
In this newly created role, Leo Puri will advise Apax on the long-term growth strategy of the firm in the region. Leveraging his extensive experience and local network, Puri will partner with Anurag Sud, Head of Apax India and the ten-strong India investment team, providing mentorship, strategic advice, operational input, and advice in assessing new investment opportunities, where relevant. Anurag Sud will continue to lead and manage day-to-day operations in India, with support from London-based Partner Rohan Haldea.
Commenting on Leo Puri’s appointment, Andrew Sillitoe, Co-CEO of Apax, said: “We are delighted that Leo is joining Apax as an advisor to work closely with our India team. He brings a wealth of experience and local knowledge, and we look forward to working closely with him.”
Rohan Haldea, Partner at Apax, added: “Leo has a truly impressive track-record of building and growing global, people-led organisations, and we’re incredibly pleased to welcome him to the firm. We know he will be an asset to our team as we look to continue strengthening our presence in what is, and continues to be, an incredibly exciting market for us.”
Puri has extensive experience in private capital and the broader financial services industry, having held senior roles at UTI Asset Management, McKinsey & Company, and Warburg Pincus in India. Puri also previously served as the Chairman of JP Morgan Chase for South and Southeast Asia, and currently sits on the Boards of Tata Sons, Hindustan Unilever, and Dr. Reddy’s. He has worked extensively in the UK, USA and Asia over a career spanning across three decades.
On joining Apax India, Leo Puri said: “I’m proud to be working with the talented Apax team in India and supporting the growth of the franchise in the region. Apax India has an impressive heritage and track-record, and I look forward to building on this success, working closely with the team in Mumbai, as well as the wider global Apax team”
The Apax India office was established in 2006 and has since facilitated several successful investments for the Apax Funds, including Azentio Software, Infogain, Global Logic, Zensar, IBS Software, and Fractal Analytics, Healthium, and Apollo Hospitals. In total, the Apax Funds have invested $2.3bn across 9 deals in India.