Companies

Akhil Gupta steps down as Blackstone India MD

| Updated on: Dec 16, 2013
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Akhil Gupta, who has been the face of private equity major Blackstone India for the last eight years, has stepped down as its Managing Director.

Gupta, 61, however will continue with the company as its non-executive chairman. In this role, Akhil Gupta will continue to help and guide Blackstone’s activities in India, working closely with the heads of its businesses, the PE firm said in a statement.

“Blackstone is a force in Indian private equity thanks in large part to Akhil’s leadership. We appreciate his tremendous contribution to the firm as the head of our business in India, and we look forward to his continued involvement as Chairman of Blackstone India,” said Tony James, President, Blackstone.

Gupta has been the Managing Director of Blackstone India after the PE firm commenced operations in the country in 2005. Blackstone has named Amit Dixit and Mathew Cyriac to jointly lead its private equity business in India.

“We have built one of the strongest team of investing and operating professionals in India, who will carry the momentum forward,” said Akhil Gupta.

>manisha.jha@thehindu.co.in

Published on December 16, 2013

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