Founders

Profile of Founding Partners

One of the most experienced partnerships in the Indian Mid-Market space

Devinjit Singh

Devinjit Singh

Managing Partner

  • Member of the Founding Team and the Managing Director of Carlyle Asia Partners in India for over a decade (2008-18)
    • > USD 1.0 billion invested. Marquee investments include:
    • PNB Housing Finance & SBI Cards (among the most successful PE transactions in India)
  • Previously Head of M&A at Citigroup India
    • Several marquee transactions across India's leading corporates over nearly two decades
  • Hindu College, Delhi University and The Fuqua School of Business, Duke University, USA
Perumal Srinivasan

Perumal "P.R." Srinivasan

Managing Partner

  • Former Managing Director & Head of India Private Equity at Citigroup (CVCI)
    • Part of leadership raising USD 1.5B in 2005 and USD 4.3B in 2007
  • Co-founded HSBC India Private Equity, raising a USD 60 million fund in 1995
  • Has invested more than USD 700 million across key sectors. Notable investments include Axis Bank, Yes Bank, Suzlon, Lupin, GMR, Sharekhan, Kurlon, Dishnet, Millennium Software, Geometric Software, Microland
  • CEG, Anna University (Chennai) and IIM Bangalore
Ajay Relan

Ajay Relan

In Memoriam (Founder-Partner)

Ajay Relan was one of the Founder-Partners of Xponentia. He was an investor extraordinaire with an intuitive investing acumen that is part of industry folklore. He was a charmer - entrepreneurs and LPs were enthralled by his wit & humour even as he held colleagues & peers in awe.

He was generous with his time & counsel, and there are many in the industry who owe their successful careers to his mentoring. He was a philanthropist who supported many causes, especially education. Above all, he was a large-hearted person who treasured his family, friends, colleagues and business partners.

Xponentia is humbled to carry forward Ajay Relan's legacy!

With a successful track record of investing over $1billion of capital, Xponentia's Founders have a long and successful history in the Indian market for over three decades, and previously led the investment teams of The Carlyle Group and Citigroup Venture Capital International (CVCI) & HSBC Private Equity.