Blackstone's Amit Jain jumps ship to rival Carlyle as India co-head of PE

At Blackstone, Jain sat on the boards of Essel Propack, Aakash Educational Services, Sona Comstar, Fino Payments Bank

Private equity firm Carlyle on Monday announced that Amit Jain has joined the company as a managing director based in Mumbai and co-head of Carlyle’s India investment advisory team. Jain’s previous stint was with rival Blackstone, where he worked for 10 years and was most recently a senior managing director in its Mumbai office.

At Blackstone, Jain sat on a number of boards including Essel Propack where Blackstone had acquired a majority stake for $470 million in 2019, Aakash Educational Services which was acquired by edtech giant Byju’s in an estimated billion-dollar deal, Sona Comstar which went public in June,