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Shankar Narayanan joins Carlyle as managing director in India

Shankar Narayanan has joined private equity firm The Carlyle Group as managing director in India. He will lead venture and growth capital investments.

Narayanan started his career with Citibank and then became managing director and chief executive officer of Hathway Investments in India. Later he covered India for Deutsche Bank Capital Partners.

Wayne Tsou, Carlyle managing director and head of the Carlyle Asia Venture Group, said, 'I am pleased to welcome Shankar to Carlyle. He has a very impressive track record in India having invested in a wide range of businesses spanning a variety of sectors in both traditional private equity and venture capital. Shankar's rich experience in building and running private equity businesses will be a major asset to our expanding investment activities in India.'

'As one of the fastest growing economies in the world, India continues to grow in importance to Carlyle and we plan to expand our presence and investment scope there significantly,' Tsou added.

Carlyle has been rapidly expanding its geographical reach over the last 12 months, building up its activities in China, India and Russia in particular. It is now among the most international of firms, often raising regionally-specific funds from which to invest.

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