Bain & Company names Karan Singh to steer its India business through its next phase of growth; appoints Sri Rajan as chairman of Bain India

BAIN & COMPANY NAMES KARAN SINGH TO STEER ITS INDIA BUSINESS THROUGH ITS NEXT PHASE OF GROWTH; APPOINTS SRI RAJAN AS CHAIRMAN OF BAIN INDIA

New Delhi – 24 July, 2015 – Bain & Company, the global business and management consultancy, has named Karan Singh as managing director, where he will be responsible for leading growth, operations, people and brand strategy for its India offices. His appointment was announced by Dale Cottrell, head of Bain's Asia Pacific (APAC) region.

"Karan is a trusted advisor to our clients who has successfully led several of our key client relationships and has deep insights on the rapidly evolving business environment in India and across Asia," said Mr. Cottrell. "He takes the helm as Bain India is witnessing strong double digit growth recently, making it one of major drivers of growth in Asia Pacific. I am confident that under his leadership we will continue to strengthen our client and people assets and build an enduring institution in a very important market for Bain."

Mr. Singh was most recently head of Bain's Healthcare Practice in Asia Pacific, leading projects in the medical devices, healthcare delivery and pharmaceuticals industries. His expertise includes transformation, turnaround and growth strategy, M&A and post-merger integration, performance management, and change management. .He also has experience in the consumer products, e-commerce, industrial goods and services, and financial services industries.

"I look forward to working with the talented team in India to steer our expanding business through its next phase of robust growth," said Mr. Singh.  "We serve a broad base of existing clients, helping them address their most pressing business challenges and seize opportunities for greater growth.  At the same time, we are also expanding to serve new clients that are eager to transform their organizations and generate lasting value," added Mr. Singh.

Mr. Singh joined Bain in 1998 and has also worked in the firm's Boston office. Prior to that, he worked at PriceWaterhouseCoopers, in the economic consulting practice, at the Brookings Institution conducting economic research.

Mr. Singh has been quoted and published in a variety of media, including the European edition of The Wall Street Journal, The Economic Times, and Mint. He has been a speaker at World Economic Forum events.

Mr. Singh is the author of several reports, including, "India Healthcare Roadmap for 2025,"  "India Philanthropy Report 2014" and Bain's "Global Healthcare Private Equity Report 2014."

He earned an MBA from the Wharton School of Business at the University of Pennsylvania.

Sri Rajan, who served as managing director of Bain India for four-and-a half years, will become chairman of Bain India.  In this capacity, Mr. Rajan will continue to advise chief executives and boards of directors and lead the firm's engagement with industry and government forums across India.  He will also work closely with Mr. Singh on implementing strategy for the firm in India.

"I look forward to serving as chairman for Bain India," said Mr. Rajan. "This new role is an opportunity to continue to grow the firm's presence in the region, as well as help a diverse mix of major multi-national corporations and prominent local enterprises solve change-driven challenges."

Editor's note: To arrange an interview with Mr. Singh or Mr. Rajan:

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About Bain & Company, Inc.

Bain & Company is the management consulting firm that the world's business leaders come to when they want results. Bain advises clients on strategy, operations, technology, organization, private equity and mergers and acquisition, developing practical insights that clients act on and transferring skills that make change stick. The firm aligns its incentives with clients by linking its fees to their results. Bain clients have outperformed the stock market 4 to 1. Founded in 1973, Bain has 53 offices in 34 countries, and its deep expertise and client roster cross every industry and economic sector. For more information visit: www.bain.com. Follow us on Twitter @BainAlerts.

About Bain India

Bain & Company has been advising clients in India since 1995, with the first formal office opening in New Delhi in 2006 followed by the Mumbai office opening in 2009. Bain India's client work includes advising large Indian companies and family-owned conglomerates, multinational corporations and private equity firms across more than 30 industries, including infrastructure, technology, telecommunications, financial services, healthcare and consumer products on growth strategy, mergers and acquisitions, due diligence, post-merger integration, organizational redesign, market entry and performance improvement. For more information visit: www.bain.in