Alok Gupta

Managing Director and Senior Advisor
Mumbai, India

Alok Gupta is an accomplished leader with a rich and varied experience in private equity, corporate venture capital, and general management.  Alok was the Founder, CEO & MD of Axis Private Equity, set up by India’s fourth largest bank by market capitalization. Axis India Fund held its first closing in April 2008 with commitments of around US $150 million from Indian and international institutional investors. He deployed about two-thirds of the capital in five investments in hospitality, renewable energy, water supply and sanitation services, oil and gas services, and railway EPC sectors. One investment provided an $80M exit at 5.8x in 3 years, and the other received a commitment of $15M from IFC at 1.7x in 18 months. Prior to founding Axis PE, he was chairman and CEO of a two million ton integrated steel plant in Europe with 8,000 employees, and a director of Global Steel, the holding company of the Ispat Group of the Mittal family.  Earlier, he was a partner and managing director at Asia Equity Infrastructure Fund (AEIF), a US $355 million fund set up by Asian Development Bank, AMP, Axa, CDP, and Nippon Life.  Alok was a director of Hughes India and a member of its audit, supervisory and compensation committees.  He was involved in a number of successful investments in TMT when at COMSAT Corp’s COMSAT International Ventures. As Vice President, Business Development of IWC, a US-based Telco holding company, he was responsible for corporate venturing /business development in Asia. He worked on restructuring three subsidiaries.  At Okura & Co., now a part of Itochu, he was involved with implementing Nissan Motors’ joint venture to produce pickup trucks in India. Alok holds an MBA from The Wharton School at the University of Pennsylvania, and earned a B.Com (Hons) from Shri Ram College of Commerce of the Delhi University. He was President of Wharton Asian Association and recipient of Wharton Class Fellow award for academic excellence, leadership and community service, National Science Talent Scholarship, Rotary Fellowship, and the Best HR Manager of Bulgaria Award in 2005. He serves on the Advisory Committee of American School of Bombay.