Blackstone has tapped Amit Dixit and Mathew Cyriac to lead its private equity business in India as the man formerly in that post, Akhil Gupta, becomes non-executive chair of Blackstone India.
Blackstone said Gupta will “continue to help and guide Blackstone’s activities in India, working closely with the heads of its businesses.” Blackstone has a team of 19 investment and portfolio operations professionals in private equity and nine professionals in real estate in India, where it has invested $1.7 billion of equity in 20 transactions over the last eight years.
Tony James, Blackstone’s president, said, “Blackstone is a force in Indian private equity thanks in large part to Akhil’s leadership. We appreciate his tremendous contribution to the firm as the head of our business in India, and we look forward to his continued involvement as Chairman of Blackstone India. Akhil has built a terrific team and we are confident that Amit and Mathew will continue driving our performance in Indian private equity.”