Warburg Pincus MD quits

Rajesh Khanna, managing director for Warburg Pincus India, has quit the firm.

Warburg today also announced that Dalip Pathak, who established the firm’s India business in 1994 and is currently leader of the firm’s European effort, will assume direct oversight of Warburg Pincus’ investment activities in India.

Khanna quit the private equity firm after a stint of 15 years. He was instrumental in Warburg Pincus’ growth in the Indian PE space and made investments in companies like Moser Baer, Havells India, Amtek Auto, DB Corp, Max India and ICICI Bank, among others. He departs to pursue the formation of an independent investment business in India.