MORRISTOWN, N.J., Jan. 18, 2021 /PRNewswire-PRWeb/ -- Leading global private equity firm TA Associates has announced the acquisition of a significant stake in Mumbai-based OmniActive Health Technologies. Co-founder Hiren Doshi along with other investors will exit.
Industry veteran Hiren Doshi played a pivotal role in establishing OmniActive's dominant presence in the global supply marketplace. He has been co-founder, President and Board Member since 2004 and helped take the company from concept to a global enterprise with nearly 500 employees. As part of the TA transaction, Doshi formally exits OmniActive and sells his shares.
"I am proud of the work done by my team and I, along with my mentor Sanjaya Mariwala, to build OmniActive into a global Nutritional Ingredient powerhouse, setting the strong foundation and valuation for this investment by TA Associates," said Doshi. "Our collective efforts over the past 16 years have certainly been recognized and rewarded."
"Hiren's leadership of our global business development effort was outstanding. He built an international clientele and a sales team which are simply exceptional," said Sanjaya Mariwala, Chairman, Founder and Managing Director. "We wish him much success moving forward."
The transaction creates a unique opportunity for Doshi to pursue newer adventures. This is his second significant transaction in less than twelve months, having successfully sold Paragon Private Health in April 2020, a concierge medicine company he founded.
"I am always looking out for on-trend, innovative business opportunities in the marketplace," added Doshi. "I plan to stay active in the health & wellness space for many years to come."
OmniActive Health Technologies offers scientifically validated, sustainable, IP-protected, health benefit solutions from natural sources for customers in the nutrition industry.
Hiren Doshi is a three-time Inc 500/5000-recognized veteran of the healthy lifestyles industry, and has provided two decades of thought leadership and innovation strategy for the branded ingredients, finished products, physician services, and digital health industry sectors.
Stephanie Gasper, Hiren Doshi, +1 804-516-3838, [email protected]
SOURCE Hiren Doshi