Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
12,086.70114.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Arun Nanda joins equity major 3i as non-executive chairman

Private equity major 3i today announced the appointment of Arun Nanda as its non-executive Chairman of Indian operations.

Updated: Jan 23, 2014, 10.32 PM IST
0Comments
NEW DELHI: Private equity major 3i today announced the appointment of Arun Nanda as its non-executive Chairman of Indian operations.

"We are delighted to welcome Arun as Chairman of our Indian business. Arun is a highly experienced business man with an excellent reputation," 3i Chief Executive Officer Simon Borrows said in a statement.

"His insight and advice will be invaluable to our team as we continue to manage our investments to maximise value," he added.

Nanda has spent around 40 years in Mahindra and Mahindra (M&M) and held a number of senior positions across various divisions. He is still holding non-executive role in some group firms.

As infrastructure sector president, Nanda led M&M's entry into various related sectors and the formation of a number of companies.

"This is a high profile appointment which reinforces our commitment to managing our existing investments and maximising value for our shareholders and the limited partners in our funds," 3i said.

3i is one of the world's leading international investors, with almost 12 billion pound of assets under management.

Also Read

Outgoing NALCO Chairman may continue as chairman of NALCO- MIDHANI JV

Shrikant Vaidya to be the next chairman of IOC

Domino's Pizza chairman Stephen Hemsley to step down

Duggal may be chairman of Shriram Group Companies, again

NSE appoints Girish Chandra Chaturvedi as chairman

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service