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Manoj Thakur, CEO, Avendus Private Equity has quit the company. Thakur was part of the founding team which set up private equity business for Avendus. The reason for his exit is not known.
Prior to Avendus, where he spent more than 6 years, Thakur worked as head - M&A - Hutchison Whampoa (A S Watson), and managing direct investments in the Asia Pacific region for the a Canadian pension fund.
Thakur said, "It has been a professionally satisfying journey to help grow Avendus PE as a strong alternate asset management platform in India." In Thakur's absence, Shrikant Bandaru, Principal, Avendus PE Investment Advisors will take care of the PE business.
Avendus which runs 2 PE funds with a focus on investments in listed entities has major portfolios such as V Guard, Baja Corp, Kajaria Ceramics, Magma Fincorp, Prestige, Camlin and Zydus Wellness.
It currently invests from Rs 500-crore Alternative Investment Fund in listed Indian small-cap and mid-cap companies.
