Sanjay Nayar joins the Board of Grameen Capital India

Grameen Capital India today said that it has appointed Sanjay Nayar as a Director on its Board.

Sanjay Nayar is the CEO and Country Head for Kohlberg Kravis Roberts & Co (KKR) in India, a leading global alternative asset manager.

Prior to KKR, Nayar was the CEO of Citigroup, India and South Asia, and a member of Citigroup's Asia Executive Operating Committee and Senior Leadership Committee.

Grameen Capital's CEO Royston Braganza, said in a statement "the microfinance sector is at a key inflection point-–how does it sustainably scale-up to meet the huge need without losing sight of the larger good. Strong commitment to social impact and fresh ideas are needed to continue to attract capital and new investor classes to the base of the pyramid."

"We are delighted that Sanjay has chosen to join the board of Grameen Capital. His vast experience and deep insight into the capital markets will be an invaluable asset in the fight against poverty."

On his decision to join Grameen Capital's Board, Nayar said, "Grameen Capital has played an important role in paving the way and enabling access to capital for microfinance institutions. As the requirement for accessible capital from India's rapidly developing rural markets increases, my role here will be to provide counsel as Grameen Capital India evolves into a company of scale.”

First Published: Jun 29, 2010 17:10 IST