ICICI Venture Overview - History -
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Published on: 9/9/2006
Last Visited: 9/9/2006
Sumit Chandwani, Director-Investments
Sumit brings with him over 13 years of private equity, structured finance and project finance experience.Since joining ICICI Venture in 2000 he has been involved in all aspects of investment process; including sourcing, transaction structuring, financing and execution of post closing growth strategies.Located in Mumbai, Sumit serves on the board of PVR Limited, Creative Eye Ltd. and Accel ICIM Ltd.He has worked with companies in variety of industries, with focus on pharmaceutical, services, media and manufacturing.He was responsible for making investments in PVR Ltd, Samtel Color and Infowavz and engineered exits in Infowavz, Medicorp, Biocon and Accel ICIM.He is the fund manager for TCW/ICICI fund based out of Mauritius.He currently heads the Buyout practice for ICICI Venture.
Prior to joining ICICI Venture, Sumit worked with ICICI Ltd. and GE Capital.At ICICI he was part of the project financing group and was involved in financing of cement, steel and manufacturing projects.At GE Capital, Sumit was part of the core team that set up Commercial Finance operations in India.As part of International operations at Stamford, US he was instrumental in setting up the trade finance group and purchase of distressed assets in Asia.His last assignment at GE Capital was as Country Head for Vendor Financing business in India.
Sumit has a bachelor's degree in Industrial Engineering from IIT Roorkee and an MBA from IIM Bangalore.
His team comprises of :