Apollo Hospitals Enterprise Ltd, largest hospital chain in India by market capitalisation, has appointed Kohlberg Kravis Roberts (KKR)’s Sanjay Nayar as an additional director, as per a stock market disclosure.
He assumed the role of independent director with effect from February 10, 2014.
Nayar, who has almost three decades of experience in financial services, currently heads KKR’s India operations. KKR is a leading global alternative asset manager with over $50 billion in assets under management.
Last October, Apollo Hospitals’ promoters raised Rs 550 crore ($89 million) from US-based KKR and its affiliates.
Nayar joined KKR India Advisors as its CEO in 2009. He worked for 25 years at Citigroup, including a stint as CEO of Citi’s Indian and South Asian operations, as well as a member of Citigroup’s Asia Executive Committee. He did his bachelor’s in mechanical engineering from Delhi
University and also holds an MBA in finance from IIM Ahemadabad.
In India, KKR has also invested in Dalmia Cement, Café Coffee Day, Magma Finance, Aricent, Bharti Infratel and Alliance Tires.
(Edited by Joby Puthuparampil Johnson)