Appointment strengthens KKR Capstone's value-add capabilities in India
MUMBAI, India--(BUSINESS WIRE)--
Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, "KKR")
announced the appointment of Akhil Puri as Director for KKR Capstone.
Mr. Puri joins KKR Capstone from TPG Capital. Leveraging his extensive
operational experience in working with companies throughout Asia, Mr.
Puri will lead KKR Capstone's engagements with KKR's portfolio companies
KKR Capstone has a 16-member operational team of highly experienced
industry executives and functional specialists in Asia. The team works
in partnership with KKR's private equity investment professionals and
portfolio company management teams to help businesses maximize their
potential. KKR Capstone's model is one of trusted collaboration --
working on the ground with management teams in KKR's portfolio to drive
meaningful, sustainable improvement in core business issues of growth,
efficiency and capital allocation. In addition, KKR Capstone leads the
implementation of KKR's Global Green Portfolio program and other
sustainability topics such as responsible sourcing -- two programs which
benefit KKR's investors and portfolio companies' bottom lines and
employees, as well as other stakeholders, the environment, and society
"We are extremely pleased to add Akhil to our regional KKR Capstone
team," said Scott Bookmyer, Head of KKR Capstone Asia. "His
proven track record of helping companies maximize performance throughout
Asia will bring a powerful new capability to the value-add KKR Capstone
brings to KKR's India portfolio companies."
Akhil Puri was a member of TPG Capital's operating team since 2008 where
he supported operational efforts across multiple portfolio companies in
Indonesia, China, Singapore, Japan and India. His most recent assignment
was as Vice-President, Director and COO of BUMA and Director at Delta
"I am excited to join the KKR Capstone team," said Akhil Puri.
"KKR Capstone is a world-class private equity operations team that
combines deep local knowledge with proven global resources and
practices. I look forward to working with the dynamic companies in KKR's
India portfolio - helping them to grow both domestically and
Prior to joining TPG Capital, Akhil held various leadership positions at
General Motors in Detroit, USA and Shanghai, China. His last assignment
was as Managing Director - Exports and Executive Director in Global
Purchasing and Supply function, a role in which he managed a global
organization with a budget of more than $13.5 billion.
Previously, he served at Hindustan Unilever, India in various leadership
roles in Manufacturing and Project Management. Akhil has a degree in
Mechanical Engineering from the Indian Institute of Technology,
Kharagpur and a Master's Degree in International Management from
Thunderbird, The American Graduate School of International Management.
KKR India has 17 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 comprised of both
majority and minority stakes in companies including Aricent, Avantha
Power, Cafe Coffee Day, Dalmia Cement, Magma Fincorp and TVS Logistics.
KKR Capstone's engagements in India include Dalmia Cement and supporting
Go Daddy's business expansion into India.
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a
leading global investment firm with $62.3 billion in assets under
management as of March 31, 2012. With offices around the world,
including in Mumbai, 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 Capstone is not a subsidiary of KKR. KKR is publicly traded on the
New York Stock Exchange (NYSE: KKR). For additional information, please
visit KKR's website at kkr.com.
Steven Okun, +852
Vaishnavi Ramakrishnan, +91 7738015770
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