KKR Capstone, a business operations firm that supports the investment teams and portfolio companies of global private equity giant KKR & Co., has appointed fashion portal Myntra’s chief strategy officer Ananya Tripathi as a director for its India operations.
KKR Capstone said in a statement that Tripathi will come on board in January next year.
“Ananya joins KKR Capstone at an opportune time for KKR’s India team, when we are looking forward to making more control investments and where her role at KKR Capstone will be very important in adding value throughout the investment lifecycle,” said Sanjay Nayar, chief executive officer of KKR India.
At Flipkart-owned Myntra, Tripathi was head of categories as well as strategy and planning.
A Myntra spokesperson had told TechCircle last week that Tripathi and chief marketing officer Gunjan Soni would leave the firm by the end of the year to pursue opportunities elsewhere.
Before joining Myntra, Tripathi was an associate partner at consulting giant McKinsey, where she worked with clients across financial services, insurance and the industrial goods sectors on strategy, operations and implementation across UK, Singapore, Canada and India.
Tripathi is an MBA graduate from Indian Institute of Management-Kozhikode.
Her appointment comes three months after The Economic Times reported that Mayank Tiwari had resigned as the director and country head of KKR Capstone in India.
KKR Capstone has more than 90 team members globally, with more than 20 based in Asia.
It is neither a subsidiary nor an affiliate of KKR and largely operates independently. The firm is owned and controlled by its senior management and uses the brand KKR under a licence, according to its website.
KKR has been investing in India since 2006, focusing on private equity, credit, capital markets and real estate opportunities. Its private equity portfolio includes Avendus Capital, Bharti Infratel, Cafe Coffee Day, Emerald Media and Magma Fincorp.
It has struck a couple of control deals in recent months.
In August, KKR had agreed to acquire a 60% stake in environmental services provider Ramky Enviro Engineers Ltd for about $530 million (Rs 3,667 crore).
A fortnight later, the firm said it would acquire the petrochemicals subsidiary of JBF Industries Ltd in a deal that would help the Mumbai-based polyester maker avoid bankruptcy.