Sanjay Nayar takes over as President of ASSOCHAM in place of Ajay Singh

Utkarsh Classes Last Updated 03-04-2024

Sanjay Nayar takes over as President of ASSOCHAM in place of Ajay Singh

Appointment 3 min read

April 2, 2024 Sanjay Nayar, chairman of Sorin Investment Fund, has taken over as president of industry body ASSOCHAM for 2024-25. Sanjay Nair replaces Ajay Singh, Chairman and MD of SpiceJet.

Ajay Singh completed his tenure as President of the Chamber. Earlier, Ajay Singh was the head of SpiceJet. Ajay Singh is the President of the Boxing Federation of India and the Vice President of the International Boxing Association.

About Sanjay Nayar:

Sanjay Nayar has four decades of experience in the global financial and capital markets. Sanjay Nair worked at Citigroup for 25 years and KKR for about 14 years before retiring last year in 2023.
Sanjay Nair setup KKR India operations in 2009 after leaving Citigroup.
Sanjay Nayar has held senior leadership positions at Citigroup for 25 years in India, UK and US.
Serves as a non-executive director at Nykaa, founded by Sanjay Nayar and his wife Falguni Nayar.
Sanjay Nayar was appointed as a non-official member of the Board of Trade representing the private sector and is also a member of the National Startup Advisory Council.
Sanjay Nayar is also a board member of the US-India Strategic Partnership Forum.
Sanjay Nayar expressed his anticipation to support industry initiatives aimed at accomplishing the country's sustainability objectives.

About Associated Chambers of Commerce and Industry of India :

ASSOCHAM is a non-governmental trade association and advocacy group based in New Delhi (headquarters). This organization represents the interests of trade and commerce in India.
The Associated Chambers of Commerce and Industry of India is one of the largest trade associations in India. ASSOCHAM was established in the year 1920 to create value for Indian industry.
ASSOCHAM has more than 200 chambers and trade organizations across India. It has more than 450,000 members.
ASSOCHAM has played an important role in shaping the business, commerce and industrial environment of the country.
At the same time, ASSOCHAM has made a significant contribution in achieving a special place in international trade and the emergence of a new Indian corporate world with global ambitions.