Bio

Varun leads the Mumbai office of Baring Private Equity Partners India, and heads the real estate, retail, media and telecom sectors. He led investments in RMZ Corp, Sintex, Vardhman Textiles, Redington, and ENIL, and worked closely with the consumer goods team on the investment in Marico. In his prior position, Varun was a managing director at Citigroup where he set up and headed its proprietary investment Special Situations Group in India. In 2010, his responsibilities were extended to Southeast Asia. He made investments across the capital structure of companies including senior and subordinated debt, preference shares, hybrids, and private and public equity, successfully investing a total of US$ 450 million over four years. Prior to that, Varun led the Corporate Finance & Capital Markets Group at Citigroup in India, where he led a team dealing with loan syndications, debt capital markets, structured trade finance, and securitization. Earlier in his career he was responsible for origination, credit, and relationship management for both financial institution clients (Citigroup) and corporate clients (ANZ Grindlays). Varun brings to his role multi-asset investing experience, risk management, product, credit, and relationship skills. Varun holds a Bachelor’s degree in Mathematics from St. Xavier’s College, Mumbai and an MBA from the Indian Institute of Management (IIM), Ahmedabad.