IndiaSphere

Global private equity giant Kohlberg Kravis Roberts & Co (KKR) has finally decided to set up its India shop. It has hired Citigroup veteran Sanjay Nayar to be chief executive of KKR India, said the New York based firm in a statement. VCCircle was the first to report as long as a year ago that Sanjay Nayar is going to be India head for the legendary buyout giant. KKR will set up its office in Mumbai and is also planning to hire more people.
In Asia, KKR has offices in Hong Kong, Beijing and Tokyo. Other private equity biggies as Apax Partners, Blackstone and Carlyle have already set up their India offices in last couple of years. Earlier this year Bain Capital and Apollo also opened their India offices. Bain Capital has hired ex-DSP Merrill Lynch banker Amit Chandra to head its India operations.