Rajeev Kalra, Managing Director and Head of India is a member of the Asia Private Equity, Credit & Infrastructure investment team, overseeing investments in India. He works from TRG offices in Delhi NCR and Mumbai.
Mr. Kalra focuses on sourcing, evaluating, executing and monitoring investments across India. Mr. Kalra has broad experience across consumer, industrial, healthcare, financial, energy and services sectors. Currently he is a nominee director on the Board of several portfolio companies in India, including Leap Green Energy (a leading renewable power generating business), Nandi Economic Corridor Enterprises (an integrated toll road and real estate development business), DB Power (a thermal power generating business), Bhilwara Energy (a leading hydro power generating business). Mr Kalra earlier served as a nominee director on the boards of several other portfolio companies including Prometheon Holdings (an education and travel services business in UK, being a joint venture with Cox & Kings, a travel business in India exited by TRG), Sansera Engineering (an automotive components business currently preparing for an IPO), Globe Capital Markets (a financial services business where he continues as an independent director after TRG’s exit).
Prior to joining TRG in December 2013, Mr. Kalra was a member of the Citi Venture Capital International (CVCI) investment team from 2010. Mr. Kalra has been active in private equity in India since 1996, prior to which he was employed with SBI Capital Markets’ investment banking and corporate finance divisions. He worked with HSBC Private Equity (now Headland Capital Partners) and led their India team from 2002 to 2007. This included experience with multiple funds, starting with a small India fund and subsequently investing from a technology/services focused regional fund and a mid-market regional private equity fund. Thereafter, Mr. Kalra worked with AIF Capital, an Asian private equity fund manager, as a Managing Director up to 2010 and was a key member of their India team and worked on mid-market growth capital transactions across sectors.
Mr. Kalra earned several academic awards while qualifying as a CA, CFA and as a graduate from Shri Ram College of Commerce. Mr. Kalra is fluent in English and Hindi and has a working knowledge of Punjabi.