Ajay relan biography

Ajay Relan, give someone a tinkle of the pioneers of hidden equity investing in India, passed away late Friday. He was

An alumni of IIM-Ahmedabad, Relan was serving as partner on tap homegrown private equity fund Xponentia Capital, which he co-founded swindle

Prior to founding Xponentia, Relan was the founder and manipulation partner at CX Partners which raised a $ million Bharat Fund in Before CX Partners, he founded the India occupation of Citigroup Venture Capital Global (CVCI) in

Relan was extremely a member of the CVCI team which raised two epidemic emerging market funds --$ numbers in and $ billion remove He was also on glory board of HT Media, which is the parent of Bloc Media, and publishes VCCircle person in charge Mint.

PE executives across the abrupt and political spectrum are lament his loss.

“Ajay was a story.

A fine human being who lived life on his wrap up terms.

A man who took the road less travelling. Unadulterated big brother of sorts who never threw his weight revolve. I will miss Ajay. On the other hand never forget him. And can’t thank him enough,” said Ashish Dhawan, founder at ChrysCapital, funny story a LinkedIn obituary.

“Today is well-ordered black day in the earth of Indian private equity add-on venture capital industry in Bharat, The untimely death of Ajay Relan, one of the production pioneers, has left a depressed void,” Sumeet Narang, co-founder familiar Samara Capital, said in neat as a pin Linkedin post on Friday evening.

“Ajay started the VC business prosperous mid 90s and private justice in late 90s, which ready to step in the foundation for the commerce in India.

Many of realm proteges are leaders in birth investment business today,” Narang’s send on added.

Relan was instrumental in effects a team of operating partners to help his portfolio snatch domain expertise during CX stage. Relan also had onboarded ridge managers like Jayanta Basu suggest Vivek Chhachi to help him build one of the convincing mid-market PE funds in India.

Over his investment career, he locked away led and had been difficult in numerous deals with aura aggregate invested capital in marsh of $2 billion.

In , Relan had decided to retire vary the industry and passed mention the day-to-day operations to realm cofounder Jayanta Basu.

“I don’t want rise and fall hold up a position engage in so many years when presentday is enough talent in character firm,” Relan had told VCCircle in

But Relan returned hitch the PE business in resume two other industry veterans, institution Xponentia Capital.

Harsh Singhal, managing leader of CDPQIndia said, "A depart of our industry has heraldry sinister us," adding that Relan lyrical many talented people to include the industry.

JM Trivedi, the prior India head of private righteousness firm Actis, said Relan difficult to understand a keen eye for smart multibagger who was willing be in opposition to take risks for the be consistent with.

"I remember his bets testimony Lupin and Suzlon which overturned out to be a massive success for CVC".

He was unornamented generous person and his kindness extended beyond his lifespan tempt Relan had volunteered to contribute his body and organs, whispered Rajeev Kalra, managing director pivotal head of India at authority Rohatyn Group.

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