Shikha Sharma Appointed Industry Advisor to KKR’s Alternative Credit Businesses
MUMBAI — January 31, 2019 — KKR today announced the appointment of Shikha Sharma as an Industry Advisor to the Firm’s corporate- and real estate-focused non-bank finance companies (“NBFCs”) in India. These alternative credit businesses have a combined net worth of approximately INR 4,640 crores (US$660 million).
Ms. Sharma was Managing Director & CEO of Axis Bank, one of the largest banks in India, until December 2018. Prior to her time at Axis Bank, she was Managing Director & CEO of ICICI Prudential Life Insurance Co., one of the largest private life insurance companies in India, and was previously a founding Managing Director & CEO of ICICI Personal Financial Services, where she helped establish ICICI Bank’s retail lending business and ICICI Securities’ joint venture with JP Morgan.
As an Industry Advisor, Ms. Sharma will assist KKR’s NBFCs by advising them on areas for business growth, value-creation opportunities, and strategic mergers and acquisitions, among other duties.
Sanjay Nayar, Member & CEO of KKR India, said, “I am very excited that we will be able to benefit from Shikha’s deep expertise and counsel. India is structurally short of long-term capital, and this provides a compelling opportunity for our NBFCs to diversify and scale in many areas, including working with mid-market companies and SMEs. Having built a broader financial services business, Shikha’s experience will help us expand our presence in the financing sector and build on our NBFC’s large equity base to meet the ongoing need for capital in corporate India.”
“I look forward to working alongside the team and help them to identify further areas of growth and opportunity,” said Ms. Sharma.
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.
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