3i Appoint Managing Director, India

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3i has announced that Samir Palod has been appointed Managing Director, India, with immediate effect.

Palod joined 3i’s Mumbai office in 2005 and is a Partner in the company’s Infrastructure business. During his time with 3i, Palod has worked on a number of investments both in private equity and infrastructure.

Prior to joining 3i, Samir worked at Citigroup and Arthur Andersen. Palod will report to Cressida Hogg, Managing Partner Infrastructure, who is based in London.

Palod will lead 3i’s Indian team of investment professionals, based in Mumbai and Delhi, who are focused on managing the infrastructure investments in 3i’s India Infrastructure Fund and its private equity portfolio.

At the same time, Anil Ahuja, Managing Partner, and Girish Baliga, Partner, will be leaving 3i to pursue other opportunities, with 3i retaining their expertise through a part-time consultancy agreement.

Simon Borrows, 3i Chief Executive, commented: 'India is an important market for 3i, and I’m delighted that Samir will be leading our Indian team going forward. Samir has worked on a number of successful deals for 3i and has a deep understanding across our portfolio in India. I would also like to thank Anil Ahuja and Girish Baliga for their contribution to 3i and am pleased we will be retaining their expertise going forward'.

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