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Advent expands Mumbai office

Private equity player Advent International has hired a new director to lead the business development of its India operations.

Shweta Jalan joins Advent from ICICI Venture in Mumbai where she was also director. Jalan has experience in investments, portfolio management, exits, fundraisings and managing relationships with institutional investors.

Prior to ICICI, she spent a year in the corporate finance division focusing on private equity placements and valuations at Ernst & Young.

Jalan’s appointment was announced following the receipt of Advent’s company registration in India and as it sets up its Mumbai office. In addition, P. Jayendra Nayak has been appointed operating partner to the firm to advise on Indian investment opportunities, focusing mainly on the financial services sector.