3i Group Plc has appointed Arun Nanda as non-executive chairman of its Indian operations. Nanda currently holds a number of non-executive roles with Mahindra & Mahindra group companies, including that of non-executive chairman of Mahindra Holidays and Resorts India Ltd. and Mahindra Lifespace Developers Ltd. This comes a year after 3i named its infrastructure investments partner in India, Samir Palod, as the new managing director in the country. Palod leads 3i's India team of investment professionals, based in Mumbai and Delhi, who focus on managing infrastructure investments from 3i's India Infrastructure Fund and its private equity portfolio.
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