Temasek India Private Equity gains MD and loses CIO

India's private equity market continues to witness high profile shuffles as Temasek India brings on board a new MD from Bessemer Venture Partners in place of a departing CIO.
Temasek Holdings Advisors India, TemasekÆs private equity arm in the country, has hired Dinesh Vaswani from Bessemer Venture Partners as managing director. Vaswani joins Manish Kejriwal who leads the Mumbai operation. Vaswani will fill the gap created by the departure of chief investment officer, Akash Prakash who has been bitten by the entrepreneurial bug.

Vaswani himself had moved to Bessemer as entrepreneur-in-residence in September 2004 from Walden International where he was managing director. Bessemer is one of Silicon ValleyÆs early venture capital firms and Vaswani came on board to evaluate investment opportunities among firms with US-India cross-border activities. Vaswani had previously joined Walden in early 2002 with dual responsibility for India as country head...
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