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Home / News / Business News / Dhiraj Rajaram new CEO of MuSigma
  • Business

    Dhiraj Rajaram new CEO of MuSigma

    Written by
    Sneha Johny
    Edited by
    Gaurav Jeyaraman
    Last updated on Oct 05, 2016, 05:53 pm
    Dhiraj Rajaram new CEO of MuSigma
    Credits:
  • MuSigma founder Dhiraj Rajaram bought back shares held by his former wife Ambiga Subramanian and took over as the company's new CEO.

    He also signed an agreement with Subramanian to buy back her holding in the company to retain a 51.6% stake in MuSigma.

    Rajaram refused to divulge who funded the buyout, but stated that earlier his wife and him held 25.5% each.

  • In this article
    Mu Sigma Mu Sigma's clients Mu Sigma's CEO, investor, look to sell stake Why consider a combined sale? Private equity funds, pension funds eye stake in Mu Sigma Mu Sigma's Dhiraj Rajaram looks to gain controlling stake Dhiraj Rajaram new CEO of MuSigma
  • About

    Mu Sigma

    Mu Sigma
  • Mu Sigma is a leading data analytics company based in Chicago.

    Founded by an Indian, Dhiraj Rajaram, the company has its main operations in Bengaluru, Karnataka.

    With over 125 major clients under its belt, the company has charted massive growth and is valued at over $1 billion.

    Its investors include Sequoia Capital, MasterCard, General Atlantic and FTV Capital.

  • Do you know?

    Mu Sigma's clients

  • The data sciences company lists companies such as Microsoft, Wal-Mart stores, Dell Inc and Pfizer as its clients, and competes with Indian IT giants such as TCS, Infosys and Wipro Limited.

  • 08 Aug 2016

    Mu Sigma's CEO, investor, look to sell stake

    Mu Sigma's CEO, investor, look to sell stake
  • Mu Sigma's CEO Ambiga Subramanian and the company's biggest investor, General Atlantic, were said to consider selling their stake in the data analytics company.

    General Atlantic holds almost 24% of the company, while Ambiga Subramanian controls the same amount of stake.

    Reports said that General Atlantic has roped in Credit Suisse and Citigroup to sell the stake, at a valuation of $1.5 billion.

  • Quote

    Why consider a combined sale?

  • "The combined stake may fetch a better valuation as the buyer can get hold of a large minority stake in a single deal than if each investor is selling separately", reports said, citing persons familiar with the matter.

  • 22 Aug 2016

    Private equity funds, pension funds eye stake in Mu Sigma

    Private equity funds, pension funds eye stake in Mu Sigma
  • With Mu Sigma's CEO and General Atlantic looking to sell their combined controlling stake of 48% in the company, reports surfaced on private equity and pension funds expressing interest in acquiring the stake.

    It would generate both sellers nearly $600 million each.

    Some of the funds eyeing the stake are investors such as Blackstone, Bain Capital, Warburg Pincus and Ontario Teachers' Pension Plan.

  • 21 Sep 2016

    Mu Sigma's Dhiraj Rajaram looks to gain controlling stake

    Mu Sigma's Dhiraj Rajaram looks to gain controlling stake
  • Mu Sigma's founder Dhiraj Rajaram, is looking to acquire controlling stake in the company.

    The founder is eyeing the 48% stake that is being put for sale by its CEO and investor, General Atlantic.

    Reports said that Rajaram would buy the entire 48%, pitching the company's valuation at $800 million.

    His ex-wife and CEO Ambiga Subramanian and General Atlantic, value it at $1.5 billion.

  • 05 Oct 2016

    Dhiraj Rajaram new CEO of MuSigma

    Dhiraj Rajaram new CEO of MuSigma
    Credits:
  • MuSigma founder Dhiraj Rajaram bought back shares held by his former wife Ambiga Subramanian and took over as the company's new CEO.

    He also signed an agreement with Subramanian to buy back her holding in the company to retain a 51.6% stake in MuSigma.

    Rajaram refused to divulge who funded the buyout, but stated that earlier his wife and him held 25.5% each.

  • Sequoia Capital
  • Chicago
  • TCS
  • Mu Sigma
  • Warburg Pincus
  •  
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