Kohlberg Kravis Roberts and Co., a private equity firm based in the United States, has opened a new office in Gurugram, India. This will be KKR's second office in India, following its entry into the nation in 2006 and the establishment of its Mumbai office in 2009.
By the end of the year, the office will have hired approximately 150 new personnel in Gurugram by early 2024, including finance, operations, human resources and technological talent.
"Today's milestone marks the beginning of a sizable investment in talent in India, as the new location is an important part of how we scale our global operations and service our clients," Ryan Stork, chief operating officer, said in a statement.
As part of the expansion, Nisha Awasthi has been appointed as managing director to oversee the new office. She comes to KKR following nearly two decades at BlackRock, where she most recently served as head of financial markets advisory. KKR's expansion comes after Gaurav Trehan, the firm's India chief executive officer, was promoted to manage the firm's Asia-Pacific private equity operations as well.
KKR has made investments in a variety of Indian companies, including Jio Platforms, Lenskart, Reliance Retail Ventures, Avendus Capital, and Five Star Business Finance.