Rupen Jhaveri has been named Group President of Piramal Enterprises Limited (‘PEL’), with a primary focus on financial services.
Rupen will be in charge of business development, strategy, M&A, capital allocation, and corporate finance in his newly created position. The appointment will begin on January 24, 2022, and will end on January 24, 2023.
PEL announced in October 2021 that it will demerge its financials, prompting Rupen’s appointment.
Rupen comes to PEL from KKR, where he was a Managing Director in the firm’s India private equity unit. He had been with KKR India for 13 years and was a founding member of the organisation. Alliance Tires, Magma Fincorp (Poonawalla Finance), Dalmia Cement, Max Financial Services, Emerald Media, SBI Life Insurance, Bharti Infratel, HDFC Ltd., Ramky Enviro Engineers, Jio Platforms, and Reliance Retail are just a few of the companies he has led.
He worked at Goldman Sachs & Co. in its Principal Investment Area (PIA) and Warburg Pincus in Mumbai before joining KKR.
Rupen is a member of the Corporate Governance Council of the Confederation of Indian Industry (CII) and the Global Investor Council of the Indian Private Equity & Venture Capital Association (IVCA). He graduated from New York University’s Leonard N. Stern School of Business with a B.S., magna cum laude. He’s also won awards from The Economic Times and Fortune.