US investor KKR has promoted Sanjay Nayar, CEO of KKR India, to a new role as Chairman of KKR India, effective December 31, 2020. It has also promoted Gaurav Trehan as Head of KKR’s private equity business in India.
As chairman, Nayar will advise and assist KKR’s India business by leveraging his connectivity and experience across the country.
“We are grateful to Sanjay for his role in establishing our business in India, partnering with and empowering local entrepreneurs to build their businesses into local and global champions, making KKR a leading investor in India, and helping to grow our Asia Pacific business. We look forward to Sanjay’s continued support in his new role,” said Joseph Bae, Co-President and Co-Chief Operating Officer of KKR.
Gaurav Trehan joined KKR earlier this year from TPG Capital Asia, where he spent more than 15 years and was most recently a Partner in its India office. He has evaluated and executed private equity transactions across a diverse range of sectors in India.
Prior to joining TPG, Trehan worked in the Mergers, Acquisitions, and Restructurings Department of Morgan Stanley with a focus on the technology sector.
“Gaurav has established himself as one of India’s top private equity investors, and we are excited to add an executive of this caliber to our leadership team. 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,” Ming Lu, Head of KKR Asia Pacific, said.
KKR has been investing in India since 2006 and established its Mumbai office in 2009. As of September 30, KKR has deployed more than US$5.8 billion in private equity investments in India and US$10 billion across asset strategies, including credit, infrastructure, and real estate.