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ASSOCHAM appoints former KKR India head Sanjay Nayar as President – ​​Industry News

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) on Tuesday said it has appointed Sanjay Nayar, founder and chairman of Sorin Investment Fund and a veteran of global financial markets, as its president. Sanjay Nayar will replace Ajay Singh, who has completed his term in the chamber.

Sanjay Nayar has four decades of experience in global financial and capital markets, including 25 years at Citi and nearly 14 years at KKR before retiring last year. He founded KKR India in 2009 after leaving Citigroup. “At KKR, Sanjay led approximately $14 billion in investments across private equity, real estate, infrastructure and credit, with private equity being the largest at a valuation of approximately $10 billion,” ASSOCHAM said in a statement.

Sanjay Nayar spent 25 years in senior leadership roles at Citigroup in India, the UK and the US. He served as CEO of Citigroup's India and South Asia operations and was a member of Citigroup's Global Management Committee and Asia Executive Operating Committee.

He is also a non-executive director of the new-age e-commerce company NYKAA, founded by him and his wife Falguni Nayar. Sanjay was recently appointed as an unofficial member of the Board of Trade, Government of India, representing the private sector, and is a member of the National Startup Advisory Council. H

“It is indeed a great honor for me to be elected as the President of ASSOCHAM, the apex institution with a history of serving the nation spanning over 100 years. During my Presidency, my ASSOCHAM colleagues and I will work closely with the Government towards our Honorable Prime Minister Shri Narendra Modi's visionary goal of making India a developed country with multi-fold increase in per capita income and sustaining bold economic growth . I look forward to supporting the industry’s efforts to achieve the country’s sustainability goals,” he explains

“India remains a bright spot in the global economy and we must continue to build on this position. Given the recent success of ASSOCHAM-led startup Mahakumbh, I look forward to driving the startup culture supported by private and public savings,” he added.

Welcoming the new President, ASSOCHAM General Secretary Deepak Sood said, “Sanjay's leadership would help the Chamber strengthen its four pillars of growth.” In the coming year, ASSOCHAM will draw on Sanjay's experience and network to drive the growth of the MSME segment, in particular, to further promote the use of new technologies such as AI.”

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