Nexus Venture Partners (NVS), an Indo-US based venture capital firm, has announced on Tuesday elevation of KG Subramanian to Managing Director - Finance and Operations and CFO. KGS bases in the Mumbai unit of the firm and has been assigned with responsibilities for portfolio and exit management and administrative duties. He has been assigned with these new responsibilities in addition to his existing role in fund administration, compliance and legal functions.
KGS has joined the VC firm in 2010 with rank and status of CFO. He has served Kotak Mahindra Investments Ltd. (KMIL) at various positions in accounting, treasury and various finance functions for more than one and a half decades prior to his joining in Nexus. He has finally served KMIL as senior VP for finance and operations, reports The Hindu.
He has even served KMIL with 5-year assignment to improve the operational and financial processes at Business Standard (BS). BS is familiar as the leading financial newspaper publisher and media house. Prior to KMIL, KGS has worked at Ashok Leyland Finance Ltd., according to a press release of Nexus Venture Partners furnished in its own website.
NVS greatly evaluates KGS' leadership in its financial and administrative functions. The promotion reflects acknowledgement of his strong contribution and his additionally assumed responsibilities towards the VC firm during the five years of his service, reports VC Circle quoting Naren Gupta, co-founder and managing director of Nexus Venture Partners. At present, NVP has five managing directors for its different portfolios including Gupta. Subramanian, by profession, is a chartered accountant and a cost accountant. NVP is one of the leading venture capital funds in India with offices in India and Silicon Valley. Nexus team comprises of some entrepreneurs who have reportedly founded and scaled larger global enterprises. The team has invested in a wide range of companies leading to numerous successful public offerings and M&A transactions. The VC firm has assets under management worth more than $1 billion with an active portfolio of over 60 companies. The portfolio includes companies across Technology, Internet, Consumer and Business Services sectors. The NVP team plays an effective role in helping entrepreneurs and management teams build market leading businesses.
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