Bala Deshpande is the Senior Managing Director of the

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

firm, New Enterprise Associates (

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

) since 2008. NEA is a venture capital firm with over US$13 billion in committed capital. NEA started direct investments in India during the downturn in 2008 and has since built a portfolio of 14 companies. According to Fortune India (2016), she is the 49th most powerful women in

Education and personal life

She has completed her post-graduation in Economics from the

University of Mumbai The University of Mumbai is a collegiate university, collegiate, State university (India), state-owned, Public university, public research university in Mumbai. The University of Mumbai is one of the largest universities in the world. , the un ...

. She also holds a master's degree in Management Studies from the

Jamnalal Bajaj Institute of Management Studies Jamnalal Bajaj Institute of Management Studies is the Department of Management Studies of the University of Mumbai. The institute is named after industrialist and philanthropist, Jamnalal Bajaj. Programmes JBIMS offers full-time Masters in ...

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

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

Career

She has over 23 years of professional experience, including 14 years 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. 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. 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. 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.

Recognition

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

Directorship

Bala is associated with several leading organization in the capacity of a Director. She is currently on the board of: * Air Works India Engineering Private Ltd * Naaptol Online Shopping Pvt Ltd * Financial Software & Systems Private Ltd. * IndiaHomes * inTarvo Technologies Ltd. * VISHWA Infrastructures & Services Pvt. Ltd * Future Retail Limited (formerly, Pantaloon Retail (India) Ltd) * Nova Medical Centers Private Ltd * Naukri Internet Services Pvt. Ltd * Info Edge (India) Ltd

References

External links

Bala Deshpande
{{DEFAULTSORT:Deshpande, Bala Living people Indian women chief executives Indian chief executives Year of birth missing (living people) University of Mumbai alumni