Gupta to step down from Blackstone’s daily Indian ops
17 Dec 2013 12:16 AM GMT
Global private equity major Blackstone on Monday said that Akhil Gupta, who founded and led its operations in India for eight years, will step into a non-executive role.
‘Amit Dixit and Mathew Cyriac will jointly lead Blackstone India's private equity business,’ it said in a statement. Gupta, who set up the fund's India operations in 2005, ‘will assume the position of non-executive chairman of Blackstone India,’ according to the statement.
He will ‘continue to help and guide Blackstone's activities here, working closely with the heads of its businesses,’ Blackstone said. The company has $1.7 billion in investments in the country. Both Cyriac and Dixit are senior managing directors of the company, according to its website.
‘Amit Dixit and Mathew Cyriac will jointly lead Blackstone India's private equity business,’ it said in a statement. Gupta, who set up the fund's India operations in 2005, ‘will assume the position of non-executive chairman of Blackstone India,’ according to the statement.
He will ‘continue to help and guide Blackstone's activities here, working closely with the heads of its businesses,’ Blackstone said. The company has $1.7 billion in investments in the country. Both Cyriac and Dixit are senior managing directors of the company, according to its website.
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