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KKR India Financial Services names Sanjay Nayar as chairman; Gaurav Trehan to head private equity – Business News , Firstpost


Sanjay Nayar serves as director on a number of of KKR’s portfolio corporations together with Radiant LifeCare, Max Healthcare Institute, Avendus Capital, Max Financial Services, Ramky Enviro Engineers, and Sterlite Investment Managers

File picture of KKR India CEO Sanjay Nayar. Moneycontrol

KKR India Financial Services has on 21 December introduced that CEO Sanjay Nayar will tackle the mantle of chairman from 31 December, 2020.

According to a launch by KKR, Gaurav Trehan has joined the agency as Head of KKR’s private equity enterprise in India.

As per the discharge, as chairman, Nayar will advise and help KKR’s India enterprise by leveraging his connectivity and expertise in India.

Joseph Bae, co-president and co-chief Operating Officer of KKR acknowledged that they’re grateful to Sanjay for his function in establishing the enterprise in India, making KKR a number one investor in India, and serving to develop the Asia Pacific enterprise, including that they give the impression of being ahead to his continued assist in a brand new function.

Speaking about Trehan’s appointment, Ming Lu, Head of KKR Asia Pacific acknowledged that he’s certainly one of India’s prime PE buyers, including, “With his strong investment acumen, relationship-oriented mindset, and his track record of creating value in companies, we are confident he will enable us to augment our ability to support the local economy and take homegrown businesses to the next phase of growth and development.”

Trehan joined KKR earlier this yr from TPG Capital Asia. Prior to that he labored with Morgan Stanley.

Nayar serves as director on a number of of KKR’s portfolio corporations together with Radiant LifeCare, Max Healthcare Institute, Avendus Capital, Max Financial Services, Ramky Enviro Engineers, and Sterlite Investment Managers.

As per KKR web site, Nayar joined the corporate in 2009 and can be a member of the Asian Investment Committee and Asia Portfolio Management Committee. Nayar held the place of deputy chairman of the Indian Banks Association (IBA), which was the Committee of the Reserve Bank of India that was given the duty of constructing a Centre for Advanced Financial Learning (CAFRAL).

Mint reported that KKR has invested greater than $5.eight billion in private equity within the county by means of 30 September and $10 billion throughout belongings that embrace, credit score, actual property and infrastructure.

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