Warburg Pincus India head steps down

New Delhi: Rajesh Khanna, managing director of private equity firm Warburg Pincus India Pvt. Ltd, is leaving the firm to form an independent investment business in India, the company said in a media statement on Thursday. Dalip Pathak, managing director, who established the firm’s India business in 1994 and leads the firm’s European effort, will now also head the firm’s investments in India. Warburg Pincus has invested around $2 billion (Rs9,160 crore) in Indian companies such as Bharti Airtel Ltd, Gangavaram Port Ltd, Max India Ltd, Punj Lloyd Ltd, Kotak Mahindra Bank Ltd and WNS Global Services.