KKR India Appoints Former Goldman Sachs MD Heramb Hajarnavis

Former Goldman Sachs Managing Director Heramb Hajarnavis has been appointed by KKR India Advisors as Director and he will be based in Mumbai.

At KKR, Hajarnavis will work closely with Sanjay Nayar, member of KKR and CEO of KKR India, to grow KKR's private equity business in India.

At Goldman Sachs he was an MD, Principal Investment Area for India.

Hajarnavis is an MIT grad and an MBA from Harvard Business School.

He started his career with Goldman Sachs in 1996 as an investment banker and a private equity investor in New York, Singapore and Hong Kong.

He left the firm in 1999, and post business school he served for two years as a member of the senior management team of Centennial Communications, a NASDAQ listed telecommunications services provider with operations in the United States, Puerto Rico, Dominican Republic and Jamaica, subsequently acquired by AT&T.

Heramb rejoined Goldman Sachs in 2003 and was named managing director in 2009.

"Heramb brings to KKR the global expertise and local experience that we provide to support portfolio companies in India and across the world," said Nayar. "Having worked across North America, South-East Asia and India, Heramb’s extensive knowledge of finance and private equity functions will strengthen KKR’s operations in India."

Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global alternative asset manager with $54.4 billion in assets under management as of June 30, 2010. With over 600 people and 14 offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes.

KKR has closed two private equity investments in India this year - $75 million in Coffee Day Resorts & Hotels Ltd and $165.59 million infusion in Dalmia Cement.

Through its NBFC Multiflow Financial Services Pvt Ltd, KKR had invested Rs.650 Cr Sajjan Jindal group’s privately-held investment company.

Reference: ET

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