3i today announces the appointment of Arun Nanda as non-executive Chairman of its Indian business.

Arun brings in-depth knowledge of the region, broad insights into the Indian business landscape and an extensive network of relationships. This is a high profile appointment which reinforces our commitment to managing our existing investments and maximising value for our shareholders and the limited partners in our funds.

Arun brings more than 40 years experience with Mahindra & Mahindra, India''s leading utility vehicle and tractor manufacturer with a strong focus on values and ethics. Arun held a number of senior positions across various divisions of Mahindra & Mahindra including in investment, strategic planning and infrastructure. As Infrastructure Sector President, he led Mahindra & Mahindra’s entry into the infrastructure and services sector where he was responsible for the formation of a number of companies including in construction, leisure, property development and in infrastructure privatisation projects.

Arun currently holds a number of non-executive roles with Mahindra & Mahindra companies, including non-executive chairman of Mahindra Holidays and Resorts India Limited and is a non-executive chairman of Mahindra Lifespace Developers Limited.

Simon Borrows, 3i Chief Executive commented: “We are delighted to welcome Arun as Chairman of our Indian business. Arun is a highly experienced business man with an excellent reputation. His insight and advice will be invaluable to our team as we continue to manage our investments to maximise value.”

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For further information, please contact:

3i 
Latika Shah
Tel: +44 (0)207 975 3157
Email: latika.shah@3i.com

Notes to editors:

About 3i

3i is a leading international investor focused on mid-market private equity, infrastructure and debt management across Europe, Asia and the Americas.  www.3i.com