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March 26, 2012
MUMBAI, India--(BUSINESS WIRE)--Kohlberg Kravis Roberts & Co. L.P. (together with affiliates, “KKR”) announces the appointment of Tashwinder Singh as Director of KKR India based in Mumbai. Mr. Singh joins KKR after serving over 18 years at Citigroup India. Leveraging his commercial and private banking experience where he advised promoters, Mr. Singh will identify and develop strategic partnerships to grow KKR’s private equity and NBFC operations in India.
“The increasing need for strategic capital has led us to partner with and provide multi-asset solutions to promoters helping them scale-up growth. Tashwinder’s depth of experience and relationships with high potential businesses across India will strengthen our efforts in establishing partnerships with promoters who share our philosophy and gain from the long-term value and operational benefits we seek to provide,” said Mr. Sanjay Nayar, a Member of KKR and CEO of KKR India.
A Citigroup veteran and Managing Director, Mr. Singh was the Business Head, Commercial Banking before moving on to lead the company’s Private Bank. Mr. 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, focusing both on private equity and non-banking financial services. With over $1 billion invested in India, KKR’s flexible approach includes a portfolio of majority and minority stakes in companies including Aricent, Cafe Coffee Day, Dalmia Cement, Bharti Infratel and Magma Fincorp.
KKR and IFC’s investment in Magma was awarded the 2011 Small Deal of the Year in Asia by PEI Asia. The award was granted as both the investors have unique expertise and capabilities to assist Magma in expanding its presence -- IFC, with its core developmental mission, combined with the operational and advisory teams at KKR.
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $59.0 billion in assets under management as of December 31, 2011. With offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments. KKR complements its investment expertise and strengthens interactions with investors through its client relationships and capital markets platform. KKR is publicly traded on the New York Stock Exchange (NYSE: KKR). For additional information, please visit KKR's website at www.kkr.com.