The New MD of The Carlyle Group (India)

Well, this not exactly a "news", since it happened a few months back - but I discovered it only today...

Global private equity firm The Carlyle Group today announced that Shankar Narayanan has joined as Managing Director in India to lead venture and growth capital investments there.


M Shankar Narayanan (89BMD)
Said Wayne Tsou, Carlyle Managing Director and Head of the Carlyle Asia Venture Group, "I am pleased to welcome Shankar to Carlyle. He has a very impressive track record in India having invested in a wide range of businesses spanning a variety of sectors in both traditional private equity and venture capital. Shankar’s rich experience in building and running private equity businesses will be a major asset to our expanding investment activities in India.... Shankar’s appointment in India is a reflection of Carlyle’s strong commitment to enlarging our Indian private equity business and funding the growth and vibrancy of the private sector in India."

....
Mr. Narayanan, 42, has more than ten years of private equity experience in India. He started his career with Citibank, was Managing Director and Chief Executive Officer of Hathway Investments in India, and was then based in Hong Kong covering India for Deutsche Bank Capital Partners. He has served on the Board of Directors of Johnson Tiles, Exide Industries, Hathway Cable, Asianet Satellite Communications, Prism Cement, Tata Infomedia, Kirloskar Systems, AFL Limted and Pushpa Polymers, all were private equity investments with which he was associated.

Mediocre But Arrogant - Abhijit Bhaduri's Forthcoming Novel

Abhijit Bhaduri's (84PMIR) debut novel "Mediocre But Arrogant" is getting published in June'05.



The announcement reads:

"Mediocre But Arrogant is the debut novel of Abhijit Bhaduri. Set against the backdrop of a fictitious business school in the steel city of Jamshedpur, India, this is a story of how the two years of doing an MBA transforms Abbey's life, perspective and relationships. Anyone who has lived in a school or college hostel will be able to identify with the characters of this funny but insightful novel.

Abbey - the narrator and protagonist is in MIJ - the coveted Management Institute of Jamshedpur, as an act of "serendipity". That is where he meets several classmates in the Boys Hostel - Harpal Singh alias Hairy, David Chummanoor - Chumma for short, Arunesh Nanda - the guitarist who sings Dylan songs and the mysterious, enigmatic Rascal Rusty. And then there are girls ... Ayesha for one.

There is Dadus Dhaba. Basanto, the Mess Bearer who doles out pieces of chicken to the select few as if it was a state secret. Ganauri - the dhobi who comes to pick up the laundry on his moped.


Will Abbey find the love of his life? In a Darwinian microcosm of the corporate world, MIJ has taught Abbey to hone his survival instincts and shave off jagged edges of his character. Is this what he wants to be?"

Here is a shade of Abbey's Micro-Economics class-notes:


So Folks!... Watch out for the release

...and for more info, check:
http://mediocrebutarrogant.blogspot.com

[As the EBC Radio (NJ & Eastern Pennsylvania, USA), on which Abhijit hosts the popular show called "Movie Magic" which is on the air every Sunday (1:00-2:00pm) describes him: "Abhijit is a versatile cartoonist, singer and mimic who works in Human Resources for a large Fortune 500 company"]

Vineet Nayar takes over as President of HCL Tech

The Economic Times (April 6th, 2005) reports this news about Vineet Nayar (85BMD):



"NEW DELHI: HCL Technologies has appointed Vineet Nayar as President. He will be responsible for HCL's Software & Infrastructure business accounting for 86% of HCL's $750 million revenue run rate global services business.

Nayar started his career with HCL in 1985 as a management trainee and has held diverse portfolios in Sales and Strategic Marketing and has been an integral part of building HCL's business to its global scale and stature. He pioneered HCL's foray into the Remote Infrastructure Management business.

"Vineet has demonstrated strong leadership skills during his 20 years with HCL. I feel confident that his global outlook, leadership skills and demonstrated track record of building new businesses will take HCL's Software & Infrastructure business to the next trajectory of growth,’’ says Shiv Nadar, Founder HCL, and Chairman & CEO HCL Technologies.

Nayar takes over the reins from Mr. S Raman, Co Founder of HCL and President and COO of HCL's software business.. "

Self Worth over Net Worth

Sanjay Anand (80PMIR), earlier Head-HR for Amex, is featured in Business World (April 4, 2005) issue:



"It's a dilemma that also strikes many a man at some point in his career; but it is much harder to resolve than for a woman!

After 15 years in the business, Sanjay Anand knew corporate life wasn't giving him a buzz anymore. "Something was nagging away inside," he says. "I realised what I really wanted to do was to be closely involved with young minds, because that's where you can really make a difference."

Today, Anand is doing just that - teaching business and economics at Pathways World school in Gurgaon. But the leap from Amex to education took 10 agonising years. "My goal was to move out by age 50," says Anand. It finally happened in 2004, with a couple of years to spare.

Anand is thoroughly enjoying himself. Every day there is a sense of achievement. In a reversal of gender stereotypes, the 1980 batch XLRI graduate says he can "afford" to teach because he has the luxury of having a wife who's earning well (spouse Smita is head of consulting at Hewitt Associates). "She enjoys the corporate world much more than I did," he admits."