Sanjay Kukreja

Sanjay Kukreja is Managing Partner and Chief Investment Officer at ChrysCapital, one of India’s largest and longest-running homegrown private equity firms. ChrysCapital says he has been with the firm since April 2000 and manages overall investment strategy and portfolio construction. The firm’s history also identifies Kukreja, Kunal Shroff, and Ashley Menezes as among its earliest hires around ChrysCapital’s 1999 founding.

Kukreja was elevated to Managing Partner in 2026, after serving as Partner and CIO. In ChrysCapital’s announcement, Kunal Shroff credited him with shaping the firm’s investment philosophy, portfolio construction, and long-term value creation, and said he had led several of the firm’s most successful investments.

His education includes an MBA from the Indian Institute of Management Bangalore and a BA in Economics from Delhi University. Xoriant’s leadership profile also lists him as a board member or director connected with Xoriant, Hero FinCorp, Intas Pharma, ResultsCX, GeBBS Healthcare, ChrysCapital Advisors LLP, and Nuvo ChrysCapital Advisors Pvt. Ltd.; LinkedIn also lists board roles at Livguard Batteries, Infogain, LiquidHub, KPIT Technologies, and Shriram Transport.

• ChrysCapital’s stated investment philosophy is to find “best-in-class companies in high-growth, high-ROCE sectors” that are open to investor partnership and change.
• Kukreja’s strategy centers on enterprise tech, pharma/healthcare, consumer, and financial services; in a 2025 Moneycontrol interview, he said these four sectors account for roughly 80% to 90% of ChrysCapital fund deployment.
• The firm invests with a 5-7 year horizon and evaluates both growth and control investments through a disciplined risk-versus-reward lens.
• ChrysCapital has increasingly moved into control and joint-control transactions: Kukreja said the firm moved from almost no control deals in its first decade to about half of its latest fund being control or joint-control.
• For new-economy companies, Kukreja described the approach as opportunistic and generally consumer-oriented, rather than broad early-stage venture investing.
• In consumer, Kukreja has emphasized brands with growth, management quality, margin-improvement potential, international potential, and attractive risk/reward.