KG Subramanian Joins Nexus Venture Partners as CFO

Mumbai, India, November 15, 2010 – Nexus Venture Partners, India’s leading venture capital firm, today announced the appointment of KG Subramanian, 39, as Chief Financial Officer. KGS will be based in the Mumbai office.

Previously, KGS was Sr Vice President-Finance & Operations at Kotak Mahindra Investments Ltd., a leading Non Banking Finance Company. KGS was also the Chief Compliance Officer of the company and member of various management committees like the Asset Liability Committee, Risk Management Committee and Operating Committee. He has played senior roles in accounting, treasury and other finance functions in his 14 year stint at $8 billion+ Kotak Group, a leading financial services player in India. At Kotak, he was also associated with Business Standard Ltd, a leading financial newspaper publisher and media house for 5 years, where he played a key role in improving the operational and financial discipline of the company. Earlier, KGS worked with Ashok Leyland Finance Ltd.

"KGS will help drive world-class corporate governance and financial reporting standards within Nexus and partner companies. We are delighted to have KGS join the Nexus family”, said Naren Gupta, Co-founder, Nexus Venture Partners. 

About Nexus Venture Partners

Nexus Venture Partners (www.nexusvp.com) is India's leading venture capital fund, founded by successful entrepreneurs in India and Silicon Valley. It has $320m under management and an active portfolio of over 25 companies across technology, media, consumer, business services, energy and agribusiness sectors. The Nexus team plays an active role in helping entrepreneurs and management teams build market leading businesses. Some of the companies that Nexus has invested in include Komli (Internet advertisement network), Suminter (Organic farming), Dlight (Solar Lighting), DimDim (Open Source Web Conferencing), Mapmyindia (Digital Navigation), Deccan Pharma (Neutraceuticals), Gluster (Open source storage), WhatsonIndia (TV Guide), Cloud.com (Cloud infrastructure), Pubmatic (Publisher Ad revenue optimization), Prana (Animation services) and Netmagic (Internet Infrastructure).

Investors in Nexus include leading university endowments, foundations and sovereign funds.