In a response to questions, KKR said its India credit unit enjoys a strong liquidity position and will keep looking for ways to expand. The India credit unit recorded a pre-tax profit of about $9.7 million in 2020, according to one person familiar with the matter. By 2013, KKR’s India credit team was riding high. Investors in KKR’s separate India credit fund were becoming more circumspect too, in part because of the turbulence in Indian markets. B.V. Krishnan, the CEO of KKR’s India credit unit, left the same month.

Source: Mint January 28, 2021 15:33 UTC