Kamath joins KKR as senior advisor

Kamath is counted among the most recognized names in India’s financial services sector, having held leadership positions in institutions such as ICICI Bank and the first chairman of the New Development Bank, a multilateral development bank recently set up by BRICS countries. In form of. He has also served as the chairman of IT services major Infosys Ltd. Last year, the Reserve Bank of India constituted a committee under Kamath to formulate a debt resolution package for sectors and companies affected by the pandemic.

“We are delighted to welcome KV as Senior Advisor to our team in India, and are excited to learn from his brilliant insights as we continue to invest in India’s growth. KV has a truly excellent track record of working with stakeholders. I am confident that he will bring value to our franchisees and businesses,” said Gaurav Trehan, Partner and Chief Executive, KKR India.

Kamath’s appointment comes at a time when PE firms like KKR are looking to invest an ever-increasing amount of capital in India, aiming to acquire large businesses in sectors that benefit from the country’s growing consumption story.