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Altico general counsel Mrinal Chandran to join Bain-Piramal Distressed Fund JV

Mrinal Chandran to join India Resurgent Fund (IRF)Mrinal Chandran to join India Resurgent Fund (IRF)

Altico Capital managing director, head of structuring and general counsel (GC) Mrinal Chandran, who was part of the founding team of the fund, will join Bain Capital and Piramal Enterprises joint venture India Resurgent Fund (IRF) as GC some time next month.

He will move from the non-banking financial company (NBFC) Altico to the Bain-Piramal JV, which was founded last year with reportedly and expectedly a $1bn kitty to invest in Indian distressed assets.

It is understood that he will be the first in a GC role at the fund.

We have reached out to Chandran but have not received a comment in response.

Chandran is a 2000 NLSIU Bangalore graduate who had been with Altico since 2007, when it was still called Clearwater Capital Partners.

Before that, he was a corporate and private equity lawyer at erstwhile Amarchand Mangaldas and DSK Legal. In 2005 he completed an LLM in banking and finance law from Boston University’s School of Law, and in 2015-16, he completed Harvard Business School’s program for leadership and development.

Chandran is also independent director of the VW Group’s non-banking financial company, Volkswagen Finance Private Limited.

The Altico Capital legal team also includes former Phoenix Legal partner Kartikeya Singh, who had moved to Bank of America Merrill Lynch as assistant general counsel (GC) in 2015, joining Altico in 2016 as senior vice president legal, which is now an executive director position.

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Like +2 Object -0 Guest 14 Jun 18, 09:46
Congratulations and best of luck! VGJ
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Like +0 Object -0 Guest 14 Jun 18, 12:21
How big is the legal team at Altico?
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Like +1 Object -0 Huge 14 Jun 18, 14:34
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Like +1 Object -0 CuriousGirl 14 Jun 18, 14:11
Is he taking the others from Altico legal team (Pramit, Prateek, Megha, etc) with him?
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Like +0 Object -0 CuriousCat 14 Jun 18, 16:40
No, i dont think so.
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Like +2 Object -2 PM for President 15 Jun 18, 09:54
Pramit maybe his best bet though.
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Like +0 Object -0 Anonnn 13 Jul 18, 13:05
best bet as in likely to quit? or best bet as good resource to take?
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Like +3 Object -1 Lexpert 14 Jun 18, 15:28
Best wishes, Mrinal! Great show over the last decade or so.. And congrats to Kartikeya for taking over at Altico!!
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Like +3 Object -0 Guest 15 Jun 18, 19:05
Congratulations Mirnal
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Like +1 Object -0 best wishes 17 Jun 18, 19:57
good luck mrinal your future team will have a decent boss
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Like +0 Object -0 Guest 02 Jul 18, 01:25
A brilliant guy to work with and against! Congratulations
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