Bharti Airtel’s tower business unit Bharti Infratel today said its non-executive director, Sanjay Nayar, has resigned from the company’s Board. “Mr Sanjay Nayar, a Non-executive Director, on account of other preoccupations, has resigned from the Board of Directors with effect from March 13, 2015,” Bharti Infratel said in a statement. Also Read - Bharti Infratel posts net profit of Rs 620 crore in Q3 2016
Bharti Infratel is the telecom tower arm of Airtel. It has over 35,000 telecom towers used as signal emitting points for the operator’s network and owns 42 per cent in Indus Tower, a telecom tower joint venture with Vodafone and Idea Cellular. Nayar is the Chief Executive Officer at KKR India. He joined KKR in 2009 and is also a member of the Asia Portfolio Management Committee. Also Read - Bharti Infratel shares jump 5 percent as its Q1 net profit rise
He is on the board of KKR’s portfolio companies Alliance Tire Group, Magma Financial Services, Dalmia Bharat Cement, and Coffee Day Holdings, and has had significant involvement with KKR’s investment in Apollo Hospitals and Avantha. Also Read - Bharti Infratel to buy back its 47 million shares valued at Rs 2,000 crore
Prior to joining KKR, he was associated with Citibank NA for a period of 24 years and was its Chief Executive Officer from 2002 to 2009. He holds a bachelors’ degree in Science (Mechanical Engineering) from University of Delhi and a postgraduate diploma in management from the Indian Institute of Management, Ahmadabad.