Mumbai, Dec 22: Piramal Enterprises Ltd (PEL) on Wednesday said it has appointed Rupen Jhaveri as Group President, with primary focus on financial services.
Jhaveri will be responsible for business development, strategy, M&A, capital allocation and corporate finance. The appointment is effective January 24, 2022.
The appointment is pursuant to PEL’s announcement in October 2021 that it will de-merge its financial services and pharmaceuticals operations to simplify PEL’s corporate structure and unlocking value.
Anand Piramal, Executive Director, Piramal Group, said: ”I am delighted to welcome Rupen to the PEL family.
“His extensive background in the financial services industry and strong entrepreneurial perspective will be valuable assets to PEL at this pivotal time for the business. Rupen brings with him rich experience of investing and managing multiple businesses over the past two decades.”
Jhaveri joins PEL from global investment firm KKR, where he was a Managing Director at its India private equity team. He had been with KKR India for 13 years and was part of the founding team.
Prior to joining KKR, he was with Goldman Sachs & Co in its Principal Investment Area (PIA) and Warburg Pincus in Mumbai.
(UNI)
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