Tata Capital's PE Head Shailendra Bhandari Quits

Shailendra Bhandari, the head of Tata Capital’s private equity business, has quit less than a year after he joined the firm. Bhandari, who was former managing director and CEO of PE-controlled Centurion Bank of Punjab (CBoP), will leave to pursue other opportunities by the end of July 09, a Tata Capital statement said. It is not yet known where Bhandari is headed.
Bhandari had earlier worked with HDFC Bank, and thereafter became the CEO of ICICI Prudential Mutual Fund. He later became the CEO of Centurion Bank, and spearheaded its acquisitions like Bank of Punjab and then Lord Krishna Bank before Centurion Bank of Punjab itself was bought out by HDFC Bank.
The company added in its statement that "Tata Capital remains fully committed to it’s Private Equity strategy and the launch of the Company’s funds are well on track."
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