Kohlberg Kravis Roberts & Co LP (KKR), one of the largest private equity giants, has a different strategy for India. Besides, PE, KKR India explores the vast opportunities in other financial services areas such as non-banking financial company (NBFC) and debt financing. Obviously, the shift is reflected in its hiring too.
KKR, which had appointed former CitiIndia CEO, Sanjay Nayar, to head its Indian operations, hired another Citibank veteran, Tashwinder Singh, for its Indian team. Singh, who joined as director of KKR India, has an experience of 18 years at Citigroup India.
Singh will identify and develop strategic partnerships to grow private equity and NBFC operations of KKR India, which wanted to leverage Singh's commercial and private banking experience while at Citigroup.
“The increasing need for strategic capital has led us to partner with and provide multi-asset solutions to promoters helping them scale up growth," said Sanjay Nayar, CEO of KKR India.
A Citigroup veteran and Managing Director, Singh was the business head, commercial banking, before moving on to lead the company’s private bank. Singh is an alumnus of the Delhi College of Engineering and received his MBA from the Faculty of Management Studies (Delhi).
KKR India has 15 investment professionals based in Mumbai, focussing both on private equity and non-banking financial services. With over $1 billion invested in India, KKR owns majority and minority stakes in companies including Aricent, Cafe Coffee Day, Dalmia Cement, Bharti Infratel and Magma Fincorp.