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Gopal Srinivasan appointed as new chairman of IVCA

Tata Opportunities Fund, Managing Director, Padmanabh Sinha will be the new vice-chairman

BS Reporter  |  Chennai 

Gopal Srinivasan appointed as new chairman of IVCA

Gopal Srinivasan, chairman, has been appointed as the new of Indian Private Equity & Venture Capital Association (IVCA).

At a meeting of its executive committee, Sanjay Nayar, the outgoing of the Indian Private Equity & Venture Capital Association (IVCA), announced its new office bearers.

Srinivasan, chairman, will be the of IVCA, and Padmanabh Sinha, managing partner, Tata Opportunities Fund will be the new vice-chairman.

Read more from our special coverage on "IVCA"

Srinivasan said: "has been instrumental in supporting the major reforms made in this year's budget for ensuring a greater flow of long term private equity and venture capital in India and ease of doing business for the industry.

There is a lot of work remaining with LPs, emerging GPs and the Start-up industry; and that's the developmental agenda for IVCA".

On his new role as Vice-Chairman of Padmanabh Sinha said: "India has excellent prospects for private equity and venture capital. The development of India's domestic alternative investment fund industry is a priority for the government and we whole heartedly support such reforms to encourage the growth of the domestic industry under the aegis of the IVCA".

First Published: Mon, April 04 2016. 17:28 IST