Apax India hires veteran Leo Puri

The London based private equity firm Apax Partners LLP has hired industry veteran Leo Puri as an Advisor to Apax and chairman of Apax India.

Leveraging his extensive experience and local network, Puri will partner with Anurag Sud, Head of Apax India and the India investment team, providing mentorship, strategic advice, operational input, and advice in assessing new investment opportunities, said a press statement.

Puri has experience in private capital and the broader financial services industry, having held senior roles at UTI Asset Management, McKinsey & Company, and Warburg Pincus in India, it added.


Puri also previously served as the Chairman of JP Morgan Chase for South and Southeast Asia, and currently sits on the Boards of Tata Sons, Hindustan Unilever, and Dr. Reddy’s.

“Apax India has an impressive heritage and track-record, and I look forward to building on this success, working closely with the team in Mumbai, as well as the wider global Apax team,” said Leo Puri.

Anurag Sud will continue to lead and manage day-to-day operations in India, with support from London-based Partner Rohan Haldea.

“Leo brings a wealth of experience and local knowledge, and we look forward to working closely with him," said Andrew Sillitoe, Co-CEO of Apax.

The Apax India office was established in 2006 and has since facilitated several investments including Azentio Software, Infogain, Global Logic, Zensar, IBS Software, Fractal Analytics, Healthium, and Apollo Hospitals.

In total, the Apax Funds have invested $2.3 billion across 9 deals in India.