KKR opens second India office

The Gurugram office will be headed by Nisha Awashthi, who joins the firm after almost 20 years at BlackRock, where she rose to head of financial markets advisory for India. Her team – expected to include about 150 new employees by early 2024 – will support KKR’s growth and business operations.

“[Awasthi] brings to KKR her extensive experience building and managing teams in Gurugram, and her perspectives and leadership will be invaluable as we look to deliver on our strategic priorities and develop talent through our new office,” Gaurav Trehan, KKR’s head of Asia Pacific private equity and head of India, said in a statement.

The office is in Gurugram’s newly developed DLF Downtown neighbourhood, which is recognised for being a new prime location in the city spanning both commercial offices and retail due to its convenience and accessibility.

KKR noted that Gurugram has established itself as a hub for international corporations because of its proximity to New Delhi, as well as a major business and economic centre. It also flagged advantages around modernized infrastructure and nearby universities and institutions expected to deliver access to a large talent base.

KKR has become one of the largest and most active investors in India since it entered the market in 2006. As recently as last month, the firm agreed to invest about USD 250m in local grocery and consumer goods giant Reliance Retail, topping up an approximately USD 755m investment in the business in 2020.

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