Bala Deshpande

Bala Deshpande
Nationality Indian
Alma mater Jamnalal Bajaj Institute of Management Studies
Occupation Senior Managing Director, New Enterprise Associates

Bala Deshpande is the Senior Managing Director of the venture capital firm, New Enterprise Associates (India) since 2008.[1] NEA is the world’s largest venture capital firm with over USD 13 billion in committed capital.[2][3] NEA started direct investments in India during the downturn in 2008 and has since built a portfolio of 14 companies.[4]

Education & Personal Life

She has completed her post-graduation in Economics from the University of Mumbai. She also holds a Masters degree in Management Studies from the Jamnalal Bajaj Institute of Management Studies.[5]

She is married to Chaitanya Deshpande, who heads the Investor Relations and M&A functions at Marico Limited.[6] The couple lives in Mumbai.[7]

Career

She has over 23 years of professional experience, including 14 years[8][9] of private equity experience. Her private equity experience has seen the full cycle from nurturing young companies to executing multiple exits, including IPO’s, buybacks, strategic sales, and capital market divestments. Under her leadership, NEA India’s assets under management (AUM) have grown from ~$100mn to over ~$350mn.[10][11] Bala’s investment expertise includes sectors such as retail, media, IT&ITES, telecom, construction as also some manufacturing related industries.

Prior to joining the board of NEA (India), Bala was the Director of Investments at ICICI Ventures since 2000. At ICICI Venture, she used her operational experience to identify opportunities for investment and to play a strategic role in shaping the future of investee companies. She led teams in deals ranging from Rs 6 crore to Rs 300 crore at ICICI Venture.[12] She launched leading e-commerce ventures like Traveljini and BillJunction. Further, she was involved in executing over 10 exits during her tenure with ICICI Ventures.[13]

Before ICICI Ventures, Bala had multi industry exposure and has worked across diverse functions such as sales, distribution and brand management with MNCs such as Bestfoods, Cadbury and ICI. At Bestfoods, she was also part of the strategic planning team.[10]

Recognition

Bala has been nominated among India’s top 50 most powerful women in business by Forbes consecutively in 2011,[14] and 2012.[15] She was also nominated for the Women Leadership Forum held at Bestfoods, New York.[16]

Directorship

Bala is associated with several leading organization in the capacity of a Director. She is currently on the board of:[17]

References

  1. ↑ "ICICI Venture's Bala Deshpande Quits; To Join NEA". vccircle.com. Retrieved 14 September 2014.
  2. ↑ "New Enterprise Associates Closes $2.6 Billion In One Of Largest Venture Funds Ever". forbes.com. Retrieved 14 September 2014.
  3. ↑ "Q&A: Bala Deshpande,Senior MD, New Enterprise Associates (India)". business-standard.com. Retrieved 14 September 2014.
  4. ↑ "E-commerce has become ‘winner takes all’ in terms of fundraising, share of wallet: Bala Deshpande, Senior MD, NEA India". vccircle.com. Retrieved 14 September 2014.
  5. ↑ "Senior Managing Director NEA India". afaqs.com. Retrieved 14 September 2014.
  6. ↑ "Seen great volume growth across different segments: Chaitanya Deshpande, Marico". economictimes.indiatimes.com. Retrieved 14 September 2014.
  7. ↑ "Bala Deshpande". sankalpforum.com. Retrieved 14 September 2014.
  8. ↑ "I have great belief in India’s entrepreneurial talent: Bala Deshpande". entrepreneurindia.in. Retrieved 14 September 2014.
  9. ↑ "Soothing effect: Investors and their spiritual balm at workplaces". forbesindia.com. Retrieved 14 September 2014.
  10. 1 2 "Info Edge India Ltd (INED.NS)". reuters.com. Retrieved 14 September 2014.
  11. ↑ "CD Corporate Governance Seminar 2012: Transformation in India’s Corporate Governance Scenario". indiacsr.in. Retrieved 14 September 2014.
  12. ↑ "India's PE industry opts for new strategy to combat low growth". forbesindia.com. Retrieved 14 September 2014.
  13. ↑ "Bala Deshpande, ICICI Venture". dare.co.in. Retrieved 14 September 2014.
  14. ↑ "Fotune India". indiainfoline.com. Retrieved 9 November 2011.
  15. ↑ "Fotune India Ranking". businessnews.com. Retrieved 16 November 2012.
  16. ↑ "The other 25". intoday.in. Retrieved 14 September 2014.
  17. ↑ "Bala Chaitanya Deshpande". businessweek.com. Retrieved 14 September 2014.
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