Private equity investor ChrysCapital Funds has appointed Sanjay Jalona as an operating partner for investments in the business services sector.
He will be based out of the US and will work closely with the advisory team, led by Akshat Babbar, in the sourcing, identifying, evaluation, management and exit related activities in relation to investments made in this sector.
Jalona brings over three decades of rich experience in the IT services industry. Most recently, he was the CEO and managing director at Larsen & Toubro Infotech (LTI) where he led a rapid and comprehensive transformation of LTI into a leading technology consulting and digital solutions company, building deep digital capabilities and an enviable culture of client-centric innovation.
Jalona guided LTI through one of the sector’s most successful IPOs in a decade and under his leadership, the company crossed $2 billion in revenue. Prior to LTI, he held leadership roles at Infosys, Gemplus and Wipro.
“Sanjay is one of the most admired and recognised CEOs and adds a wealth of global expertise and experience to the business services sector for ChrysCapital. Given his phenomenal track record and experience working with some of the largest IT services firms, he will play an instrumental role in helping accelerate the growth for the fund’s portfolio companies,” said Kunal Shroff, managing partner, ChrysCapital.
“During several years of interactions with ChrysCapital, I have come away thoroughly impressed with their focus, ability to spot trends early, and long-term horizon. I’m excited to partner with ChrysCapital and play a critical role in building the transformational companies of tomorrow,” Jalona added.
Established in 1999, the ChrysCapital group has approximately $5 billion of assets under management across nine funds. Its marquee investors include institutions with a long-term horizon such as sovereign wealth funds, endowments, pension funds and fund of funds among others.
ChrysCapital's current investments in business services include ResultsCX, Quest Global and GeBBS Healthcare. Past investments in the sector include Infogain, LiquidHub, HCL Technologies, Infosys, LTI, Hexaware, Mphasis, KPIT, Cyient, SpectraMind and NIIT.