Managing Director of Levis Strauss, Sanjay Purohit, has decided to join India-focused private equity fund Samara Capital as partner – consumer and retail practice.
Sanjay Purohit will be joining Samara Capital in July. In this immediate role, he has been named chief executive of Sapphire Foods – the entity set up by Samara Capital last year to acquire and lead the Yum Restaurants business in India.
He will be leading the consumer retail at Sapphire Foods and it is expected that he might explore getting in other food services brands and new acquisitions under Sapphire Foods. He will also be board member of Paradise Foods.
Mid last year, Samara Capital had bought out 300 KFC and Pizza Hut stores in India and Sri Lanka from diversified franchisees and consolidated them under Sapphire Foods. Sapphire Foods is owned by a consortium of four private equity funds led by Samara Capital.
Samara’s investee companies including Flemingo Duty Free, Monte Carlo Fashions, Guardian GNC, Paradise Foods, and Sapphire Foods.
Sanjay Purohit has done nearly three decades across the consumer goods and retail space. Before Levi Strauss, he was associated with chocolate maker Cadbury, Mobil Gas and Asian Paints.
Samara Capital is an entrepreneurially run India focused private equity firm. Samara invests in Emerging Indian Companies (EICs) – which it defines as those businesses that are poised for rapid transformation due to a strong entrepreneurial minded management team and a favorable external context.
Being an entrepreneurial firm itself, Samara values and understands the importance of relationship comfort, freedom, trust, nimbleness and flexibility, which is what it seeks from and gives to its partner entrepreneurs.