Sanjay Nayar Assumes Presidency of ASSOCHAM, Pledges to Drive India’s Economic Growth

Mr. Sanjay Nayar, a prominent figure in global financial markets and the Founder and Chairman of Sorin Investment Fund, has taken over as the President of the Associated Chambers of Commerce and Industry of India (ASSOCHAM). Mr. Nayar, known for his extensive experience in international finance, succeeds Mr. Ajay Singh, who completed his tenure at the Chamber.

With a career spanning four decades in global financial and capital markets, including 25 years at Citi and nearly 14 at KKR, where he led investments totaling around USD 14 billion in Private Equity, Real Estate, Infrastructure, and Credit, Sanjay Nayar brings a wealth of expertise to his new role.

Mr. Nayar’s tenure at Citigroup included senior leadership positions in India, the UK, and the USA. He served as the CEO of Citigroup’s Indian and South Asian operations and was a member of Citigroup’s Global Management Committee and Asia Executive Operating Committee.

In addition to his role at ASSOCHAM, Sanjay Nayar serves as a Non-Executive Director at the e-commerce company NYKAA, which he co-founded with his wife, Falguni Nayar. He was recently appointed as a non-official member of the Board of Trade, Government of India, representing the private sector, and is also a member of the National Startup Advisory Council and the Board of the US-India Strategic Partnership Forum (USISPF), among other positions.

“It is a great honor for me to be elected as the President of ASSOCHAM, an institution with a distinguished history of over 100 years in serving the nation,” said Mr. Nayar. “During my presidency, my colleagues and I will work closely with the government to achieve the visionary goal set by our Hon’ble Prime Minister Shri Narendra Modi for India to become a developed nation with a substantial increase in per capita income and continued bold economic growth. I am committed to supporting the industry’s efforts to achieve the country’s sustainability goals.”

“India remains a bright spot in the global economy, and we must leverage this position further,” he added. “I look forward to catalyzing the startup culture backed by private and public savings, building on the recent success of Startup Mahakumbh led by ASSOCHAM.”

ASSOCHAM Secretary General, Mr. Deepak Sood, welcomed Mr. Nayar as the new President, expressing confidence that his leadership would strengthen the Chamber’s four pillars of growth. In the coming year, ASSOCHAM aims to leverage Mr. Nayar’s experience and network to facilitate the growth of the MSME segment, particularly through the use of emerging technologies such as AI. The Chamber remains committed to its four growth pillars of Sustainable, Entrepreneurship, Empowerment, and Digitization, working towards India’s objective of becoming a developed country in the next two decades.