Sanjay Jalona, the former chief executive and managing director of Larsen & Toubro Infotech (LTI), will be joining private equity fund ChrysCapital as an operating partner.

In May, L&T announced a merger of LTI and Mindtree, its group companies engaged in information technology services, to create the sixth biggest company in the sector by revenues.

Mindtree’s Debashis Chatterjee was named as the head of the combined entity, while Jalona, who headed the bigger of the two merging companies, moved out.

Jalona will be the operating partner for the business services sector based in the US for the PE investor and work closely with the advisory team led by Akshat Babbar in sourcing, identifying, evaluating and managing investments made in the sector, according to a statement.

“...he will play an instrumental role in helping accelerate the growth of the fund’s portfolio companies.

“The company has ambitions of creating a far bigger impact in global IT in the years to come and hands with Sanjay is a crucial step in that journey,” ChrysCapital’s managing partner Kunal Shroff said.

Jalona said he is impressed with ChrysCapital’s focus, the ability to spot trends early, and long-term horizon.

Established in 1999, Chryscapital has nine funds and has approximately $5 billion of assets under management.