Four of Sequoia Capital’s top mgmt quit

Their exits come at a time when speculation is rife that private investing in India has lost out to China where valuations of firms are lower.

Post-the resignations,a new team comprising of Abhay Pandey,G V Ravishankar,Mohit Bhatnagar,Shailendra Singh and V T Bharadwaj have been entrusted with the responsibility of running the firm’s business in India,it said.

The officials who have resigned were at Sequoia for five-years and will continue to represent it on the Boards of a variety of private and public investee companies,it said.

Chadha and Balaraj founded a firm called WestBridge Capital Partners in the year 2000 when venture capital investing in the country was at a nascent stage and were joined by Jain and Singhal in a year’s time.

For the last five-years,WestBridge had been operating as Sequoia Capital,it said.

The four are reportedly considering to revive WestBridge and plan to be up and running with a fund by the end of 2011 to invest in the more profitable private investment in public enterprises (PIPE) deals.

Sequoia,a global firm,invests in venture,growth and late-stage opportunities and has invested in multiple sectors into companies like SKS Microfinance,Idea Cellular,Cafe Coffee Day and FirstSource,among others.