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Anurag Sud, MD and Indian head at Apax Partners is stepping down from his role after a three-year stint to pursue other opportunities
On the back of this, Apax has also brought in Harjot Dhaliwal as new partner to spearhead the India office
It is pertinent to note that, Dhaliwal joined the Apax Mumbai team back in 2018
Apax Partners, which counts AI-powered SaaS platform Fractal Analytics among its portfolio, has seen its managing director and India head Anurag Sud stepping down from his role after a three-year stint.
Confirming the development, a PE firm spokesperson said, “Sud is pursuing other opportunities and will leave with the firm’s best wishes.”
ET reported the development first.
On the back of this, Apax has also brought in Harjot Dhaliwal as new partner to spearhead the India office.
It is pertinent to note that, Dhaliwal joined the Apax Mumbai team back in 2018 and after four years, she relocated to the company’s New York office to focus on technology and software deals.
“Bringing in a partner is a proactive move to drive deal activity across high-potential sectors, particularly technology. Dhaliwal brings strong deal-making credentials to the role and an understanding of the India market and team – having spent the first few years of her career in our India office,” the spokesperson added.
With over 10 years of experience, Sud’s roles span across multiple PE firms, including Eight Roads and Baring Private Equity Partners.
As per his LinkedIn profile, he is also a board member on multiple ventures such as Fractal and Infogain.
An alumna of IIT Delhi and Harvard Business School, Dhaliwal has spent more than six years with Apax Partners, where she played a crucial role working with its global and Indian team.
Apax Partners key focus sectors include technology, internet and consumer services. Some of its other portfolio companies include Azentio Software, Infogain, Global Logic, Zensar, Fractal Analytics, Healthium and Apollo Hospitals.
Apax has also undergone some major leadership reshuffles last year. For instance, Leo Puri was appointed as an advisor to Apax Partners and chairman of its Indian arm. In July, Shashank Singh stepped down as partner and head of Apax’s India office.
Also, the firm said that between 2004 and 2024, it has invested close to $3.5 Bn in India and plans to ramp up its local investments across domestic pharmaceuticals, consumer, and consumer derivative markets.
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