In a move to expand its operations in Asia’s third largest economy, global private equity firm Kohlberg Kravis Roberts has named Dhiren Mehta as director of KKR India.
Based in Mumbai, Mehta will grow KKR’s multi-asset class business in India alongside chief executive Sanjay Nayar and director and head of KKR’s non-banking financial company, B V Krishnan.
Mehta joined KKR from Nomura, where he served as executive director and head of fixed income institutional sales. He started his career at Citigroup, where he worked for more than 17 years across both the equity and fixed income domains. Mehta was instrumental in building Citigroup’s fixed income sales platform in India, and served as the head of Citigroup’s credit trading business in the country.
“As we scale our India franchise, Dhiren will be a terrific addition to further help us strengthen our platform capabilities in India to provide solutions across the capital structure, and provide high quality service to our clients,” Nayar said in a statement.
KKR has invested more than $1.1 billion in India since 2006. The firm’s recent deals in the country include an INR4.4 billion (€69.2million; $97.4million) investment in non-banking finance company Magma Fincorp alongside International Finance Corporation (IFC) made in May and a $166 million investment in Dalmia Cement made in mid 2010.
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