KKR & Co. expanded in India with a new office to support its investment activities and serve the company’s customers.
The alternative asset manager plans to hire 150 people for its new office in Gurugram, south of New Delhi, by early next year, KKR said in a statement on Wednesday. According to the statement, the company is looking to hire in finance, operations, human capital and technology roles.
KKR has hired Nisha Awasthi from BlackRock Inc., where she spent nearly two decades, to lead the office, the company said. Awasthi was most recently Head of Financial Markets Advisory at BlackRock India.
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New York-based KKR joins rivals such as Apollo Global Management Inc. and Citadel Securities in expanding in India to support their global operations. Last year, Apollo opened a new office in Mumbai to grow across all businesses in India.
KKR has been investing in India since 2006 and has invested billions of dollars across various asset classes. Last month, the company continued to invest in Indian billionaire Mukesh Ambani’s fast-growing retail division.
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