Parag Saxena is the Founding General Partner and CEO of New Silk Route

New Silk Route

- History and leadership :NSR was initially named Taj Capital. Its founding team included, at various points:* Rajat Gupta, former managing partner at McKinsey & Company* Parag Saxena, former managing partner of Invesco Capital and Vedanta Capital...

. Other NSR partners include Rajat Gupta

Rajat Gupta

Rajat Kumar Gupta was the managing director of management consultancy McKinsey & Company from 1994 to 2003 and a business leader in India and the United States...

, Victor Menezes

Victor Menezes

Victor J. Menezes is an engineer and banker, who acts as a top official in international financial organizations.-Early life:...

 and formerly Hafeez Shaikh

Abdul Hafeez Shaikh

Abdul Hafeez Shaikh is a Pakistani economist and a politician from Sindh province, Pakistan. Dr. Shaikh is the current Finance Minister in the Cabinet of Pakistan. Dr. Shaikh was elected as a Member of the Senate from the Pakistan Peoples Party platform....

Education

Saxena earned a B.Tech from the Indian Institute of Technology, an M.S. in Chemical Engineering

Chemical engineering

Chemical engineering is the branch of engineering that deals with physical science , and life sciences with mathematics and economics, to the process of converting raw materials or chemicals into more useful or valuable forms...

 from the West Virginia College of Graduate Studies and an M.B.A. from the Wharton School of the University of Pennsylvania

University of Pennsylvania

The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...

.

Career

Saxena is also a co-founder and managing partner of Vedanta Capital, a New York-based venture capital firm founded in 2006. He has been the president of TiE

TiE

TiE is a global nonprofit dedicated to fostering entrepreneurship. TiE has 54 chapters in 13 countries, with a total membership exceeding 13,000. TiE is most closely affiliated with the South Asian business community, and is recognized as an important networking forum for entrepreneurs and investors...

 Tri-State branch since 2003.

Previously, Saxena was the Managing Partner and founded Invesco Private Capital, a subsidiary of Invesco. Parag is a member of the Foreign Direct Investment task force for the Prime Minister of India. Parag, over the course of four years, consistently qualified for Forbes Midas List. Parag was named the 23rd, 38th, 31st and 28th best deal maker in venture capital

Venture capital

Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...

in the 2006, 2007, 2008 and 2009 lists, respectively.