The Indian Private Equity & Venture Capital Association (IVCA) has appointed Mr. Rajat Tandon as its new President. Rajat brings substantial experience from Nasscom both in the start-up and regulatory spheres which are of relevance to IVCA’s work. He comes with a tech background and has actively supported the start-up movement in India which is one of the key priorities of the Government.
Gopal Srinivasan, Chairman,IVCA thanked the outgoing President, Arvind Mathur for his work during the last three years. He stated, “We are pleased to bring Rajat Tandon on board. His key priorities will be the continuing promotion of regulatory reform, and deep engagement with the widening member base of IVCA.” His past experience (promoting Start-ups at Nasscom) will be of great value to our members and the broader eco-system of venture capital and private equity.
Paddy Sinha, Vice Chairman, welcomed Rajat Tandon on board and said, “Rajat has a terrific opportunity to build the private equity and venture capital eco-system in India. There is a lot to be done to promote primate equity and venture capital and we are sure he will add further momentum to the work of IVCA”.
Rajat Tandon, the incoming President said, “I am excited to have the opportunity to serve India’s private equity and venture capital community. This is the most exciting field that adds tremendous value to economic development, growth and job creation. I look forward to meeting members and regulators to help achieve further milestones in the development of private equity and venture capital in India”.
Prior to IVCA, Rajat was part of the leadership team at NASSCOM, the Indian IT and ITES/BPO body. As Vice President, he lead NASSCOM’s 10,000 Startups initiative, supporting technology startups in India. He is very passionate about creating value for entrepreneurs, funding partners and the ecosystem.
Rajat has had an early stint as an entrepreneur and an extensive corporate experience in the IT & Telecom and Location services. Over the past 25 years, Rajat has worked in various positions, ranging from technical support, sales leadership, service delivery to strategic initiatives at Siemens, Nortel, Nokia (NAVTEQ).
In the startups sector, Rajat is extensively networked, having worked with most leaders in the industry. His knowledge of the industry, its constituents, successes, opportunities and challenges is high. He is also deeply connected with the ecosystem around the industy.
The Indian Private Equity & Venture Capital Association has the goal of developing India’s venture capital, angel capital and private equity markets. It has nearly 120 members, leading domestic and international funds, limited partners and sovereign wealth funds. According to a Mckinsey report, in excess of $120 billion of long-term capital has been provided by these funds to ventures and projects in India in vital sectors such as infrastructure, healthcare, real estate, education, fin-tech, E-commerce and other sectors. In this manner, IVCA members assist the economic development of India, create jobs, foster entrepreneurship and innovation in India.