KKR on Monday announced that Sanjay Nayar, CEO of KKR India, will transition to a new role as its chairman.
Nayar will don this role from December 31.
The global buyout major also disclosed that Gaurav Trehan, a recent hire from rival TPG, will replace Nayar as head of KKR India.
Trehan joined KKR earlier this year from TPG Capital Asia, where he was a partner in the India office.
“We are grateful to Sanjay for his role in establishing our business in India, partnering with and empowering local entrepreneurs to build their businesses into local and global champions, making KKR a leading investor in India, and helping to grow our Asia Pacific business,” Joseph Bae, KKR’s co-president and co-chief operating officer, said.
KKR entered India in 2006 and established its Mumbai office in 2009. It has so far deployed $5.8 billion in private equity bets and $10 billion across other assets, the statement said.
Nayar will “advise and assist KKR’s India business” by leveraging his connections.
