Forbes India shows the new face of private equity

The latest issue of Forbes India explores the reshaping of the Private Equity (PE) industry by independent expert players. Fifteen years back, a bunch of private equity guys quit their jobs and started their own funds. Things didn't work out as they planned and they burnt their fingers. Today, another slew of PE heavyweights are branching out on their own.

And they are creating their own path, away from the way they used to operate at their previous jobs at bigger firms. They include veterans like Ajay Relan (formerly of Citigroup), Renuka Ramnath (ex-ICICI Ventures), and Rajesh Khanna (former Warburg Pincus). This time around, the article argues, the environment may just be right.