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For Rajeev Gupta, there was no specific ‘Eureka!’ moment. Rather, the revelation that led the Mumbai-based investment banker to alter the course of his career for a third time, discarding the comfortable world of private equity and opening his own boutique advisory house, Arpwood Capital, was a long, slow burn.
It was 2010 and Gupta was happily ensconced at The Carlyle Group in charge of the US buyout group’s bustling India operations. Life was good, deals were flowing and the after-shocks of the financial crisis, which largely bypassed India, were a faraway problem.
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