Investcorp appoints Vivek Agarwal as senior operating partner for India

Investcorp, a global alternative investment manager, has announced the appointment of Vivek Agarwal as senior operating partner for its India operations.

He will steer the firm’s expansion into the software and software services sectors, an area Investcorp sees as a key opportunity for mid-market growth.

Vivek Agarwal's experience

Agarwal brings more than 25 years of leadership experience, having most recently served as president at Tech Mahindra, where he led strategy, mergers and acquisitions, and global businesses in healthcare and financial services.

He has also guided large-scale business transformations, focusing on technology-driven expansion in both private equity and M&A settings. 

At Investcorp, his role will include identifying growth opportunities across the technology landscape and strengthening the firm’s India portfolio.  

Joining NuSummit board  

As part of his responsibilities, Agarwal will also join the board of directors at NuSummit, formerly known as NSEIT. Investcorp acquired NuSummit last year in a move to broaden its technology footprint, paying about Rs 1,000 crore for the digital transformation and cybersecurity services firm.

NuSummit provides a range of services to global clients in the capital markets, insurance and banking sectors. Investcorp sees Agarwal’s extensive background in tech leadership as a crucial factor in driving strategic growth and innovation for NuSummit.  

Leadership comments

Commenting on the appointment, Gaurav Sharma, Head of India Investment Business at Investcorp, said: “We are excited to have Vivek join Investcorp. His experience of global scale technology businesses is exactly what we need to grow in the mid-market technology sector. We are confident that Vivek’s presence will help strengthen our India franchise and deliver significant value to our portfolio.”

Vivek Agarwal, Senior Operating Partner, Investcorp, said: “I am excited to take on the role of Senior Operating Partner at Investcorp, focusing on technology investments. Technology evolution is dramatically reshaping the IT services industry, driving innovation and altering how our clients approach adoption. I am confident that firms with unique offerings and deep expertise in both technical and industry-specific areas will lead the way. I look forward to collaborating with the talented team at NuSummit and contributing to Investcorp’s ambitious plans. Together, I believe we can unlock new opportunities and deliver value to our stakeholders.”

Track record of local investment  

Founded in 1982 and based in Bahrain, Investcorp manages private equity, real estate, credit and other alternative assets worldwide. In India, it gained a stronger foothold in 2019 when it acquired IDFC Alternatives’ private equity and real estate investment businesses. That move built on earlier Indian investments, such as Medi Assist Healthcare, InCred Finance and ASG Eye Hospitals.  

Investcorp has completed 18 investments in India, with notable exits that include ASG Eye Hospitals, Medi Assist Healthcare, Safari Industries, NephroPlus and Bewakoof. Its current India portfolio includes Wakefit, InsuranceDekho and Wingreens Farms, among others.