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19-06-2019 - REEL Strengthens Board of Directors and Senior Leadership Team with New Appointments to Support Next Phase of Growth

MUMBAI, India — June 19, 2019 — Ramky Enviro Engineers Limited (“REEL” or the “Company”), a leading provider of environmental services and solutions where KKR acquired 60% controlling interest, today announced the appointment of highly qualified directors to its Board. The Company also announced four additions to its independent management team in the newly created Joint Managing Director, Chief Financial Officer, Chief Human Resources Officer, and Head of Legal and Compliance roles who all will be under the overall leadership of Mr.M. Goutham Reddy as CEO & Managing Director. The team will work under the guidance of the newly created Board of Directors.

Mr.B. S. Shantharaju will serve as Independent Chairman of the Board. Mr.Narayan Seshadri will also join as an independent director. Ms.Lim Hwee Hua, Mr.Sanjay Nayar and Mr.Rupen Jhaveri will be the other non-executive directors on the Board. Mr.Masood Mallick has joined REEL’s management team as Joint Managing Director overseeing operations of the Company globally across all business verticals and Mr.Anil Khandelwal has joined as CFO and Joint Managing Director. In addition, Mr.Shujath Bin Ali has joined as Head of Legal and Compliance and Mr.Sujiv Nair has joined as CHRO. Messrs. Mallick and Khandelwal will also join the Company’s Board of Directors.

The Chairman, Mr.Shantharaju commented, “With its nationwide footprint, I believe that REEL can play a key role in supporting the Prime Minister’s Swachh Bharat (Clean India) Mission. REEL’s comprehensive and cost-effective set of environmental services and solutions are playing an important role in helping India and other emerging markets address critical waste management needs. With its strong market position, deep leadership team and support from a leading global investor, REEL is well positioned for success and I am excited to join the Company to provide support and guidance as it enters its next phase of growth.”

Biographical Information on the Key New Appointments :

B. S. Shantharaju (Independent Chairman of the Board of Directors) has helped to lead and grow some of India’s largest public services companies, most recently as CEO of Indus Towers, which he helped build into one of the world’s largest operating telecom tower companies. Prior to Indus Towers, Mr. Siddaiah served as CEO of Delhi International Airports and as Managing Director for Gujarat Gas Company Limited. Earlier in his career, he held positions at BG Group, SmithKline Beecham Pharmaceuticals (now part of Glaxo Smithkline), Hindustan Aeronautics and Eicher Tractor.

Narayan Seshadri (Independent Director) is Chairman & CEO of Tranzmute Capital, which he co-founded in 2008, and Halcyon Resources and Management. In addition, he currently serves as independent director on the boards of several companies including AstraZeneca Pharma India, Kalpataru Power Transmission, Magma Fincorp, PI Industries, and WABCO India. In 2006 he established a Special Situations Fund to invest in distressed and undervalued businesses. Prior to that he led KPMG Consulting, India after he merged Andersen’s Business Consulting practice into it.

Lim Hwee Hua is senior advisor to KKR and executive director of Tembusu Partners. She previously served as an elected member of Singapore’s Parliament from December 1996 until May 2011 and served as Minister in the Prime Minister’s Office and Second Minister for Finance and for Transport, as well as in the role of Deputy Speaker of Parliament and Chairman of the Public Accounts Committee. Before joining the Singapore Cabinet, Ms. Lim was Managing Director at Temasek Holdings where she oversaw divestments, company restructurings and sat on a number of corporate boards.

Sanjay Nayar (KKR) joined KKR in 2009 and is a Member and CEO of KKR India. He is also a member of the Asia Portfolio Management Committee and Asian Investment Committee. He is on the board of KKR's portfolio companies Radiant Healthcare, Bharti Infratel, Magma Financial Services, and Coffee Day Holdings, and has had significant involvement with KKR's investment in Apollo Hospitals. He also supports expanding the range of KKR's credit and capital markets offerings across the region. Prior to joining KKR, he served as CEO of Citigroup's Indian and South Asian operations and as a member of Citigroup’s Management Committee and Asia Executive Operating Committee. Currently, he is a member of the board of USISPF, and SEBI’s NISM Board of Governors. Mr. Nayar was additionally the deputy chairman of the Indian Banks Association (IBA) and served on the Committee of the Reserve Bank of India tasked with building the bank’s Centre for Advanced Financial Learning (CAFRAL).

Rupen Jhaveri (KKR) joined KKR in 2009 and has been a member of the India investing team since its founding. At KKR, he has led investments in Ramky Enviro, Alliance Tires, Magma Fincorp, Dalmia Cement, Max Financial Services, Emerald Media, SBI Life Insurance, Bharti Infratel and HDFC. Prior to joining KKR, he was with Goldman, Sachs & Co. in its principal investment area and Warburg Pincus in Mumbai where he was involved in a number of investments including Mahindra & Mahindra, NDTV, Amtek Auto, Sigma Electric, Sintex, Dainik Bhaskar, amongst others.

Masood Mallick (Joint Managing Director and Executive Director) has advised leading international corporations, investors, financial institutions and law firms on environmental issue management in India and internationally for close to 25 years. He is a recognized subject matter expert in management of hazardous materials, waste management and rehabilitation of contaminated sites. Prior to joining REEL, Mr. Mallick served as a Managing Director and a member of the Global Senior Leadership Team at Environmental Resources Management (ERM), a global provider of environmental, health, safety, risk and social consulting services. He led ERM’s operations in South Asia and co-led its Global Innovation initiative. Mr. Mallick has also advised the Government of India on environmental policy and legislation, including regulatory standards and the country’s Sustainable Development Goals.

Anil Khandelwal (CFO and Joint Managing Director and Executive Director) brings over 30 years of corporate financial experience to REEL. He previously served as CFO for several Tata Group businesses, including Tata Projects, Tata Power and Tata Communications. Among his notable achievements, Mr. Khandelwal improved financial reporting, risk management and control systems at each of the business units, which contributed to increased profitability and improved credit ratings. Prior to joining Tata Group, Mr. Khandelwal served as CFO at Ashapura Aluminum, Vice President of Finance for Sterlite Industries and in a number of other financial and commercial roles.

Shujath Bin Ali (Head of Legal and Compliance) brings more than 17 years of experience in corporate law, governance, compliance and risk management. Most recently, Mr. Bin Ali served as Senior Director – General Counsel, Compliance Officer, and Company Secretary at PAREXEL International –India, where he was responsible for providing strategic legal advice and operational legal support for India Operations. Previously, Mr. Bin Ali served as Senior Legal Counsel & Corporate Secretary for International Paper-India and Associate Vice President - Legal & Corporate Secretary for Deloitte US-India offices.

Sujiv Nair (CHRO) brings 25 years of leadership experience developing multinational and government organizations. He previously served as Chief Executive Officer of Telangana Academy for Skill and Knowledge. In addition, Mr. Nair has served in various [leadership] roles at corporations including E I DuPont India, Tech Mahindra, Dr. Reddy’s Laboratories, and Bakelite Hylam.

11-02-2019 - KKR Completes Acquisition of Ramky Enviro Engineers

KKR Completes Acquisition of Ramky Enviro Engineers

KKR Global Impact Makes Second Investment

MUMBAI — February 11, 2019 — Global investment firm KKR and Ramky Enviro Engineers Limited ("REEL" or the "Company"), a leading provider of environmental services and solutions in India and overseas, today announced the completion of their previously announced transaction. Under the terms of the transaction, KKR has acquired a 60% stake in REEL for approximately US$510 million via a combination of primary and secondary investments. In addition to investing in REEL from its KKR Asian Fund III, the investment is part of KKR’s Global Impact strategy, which is focused on identifying and investing behind businesses with positive social or environmental impact that measurably contribute solutions to one or more of the United Nations Sustainable Development Goals.

M. Goutham Reddy, Managing Director & CEO of REEL, said, “India is home to some of the world’s most pressing waste management needs, and REEL has an important role to play in providing critical solutions to communities across the country. KKR’s expertise in environmental issue management, extensive global and local resources, and aligned vision to enact positive change makes KKR the ideal partner to help us keep pace with the environmental challenges facing our society and provide impactful solutions. We are off to a great start with multiple strong hires added to the management team and process enhancements work to better our ESG efforts.”

Rupen Jhaveri, Managing Director at KKR, added, “Supporting promising companies that offer solutions to global challenges in areas such as the environment, health and human capital has become an increasingly important focus for KKR worldwide. REEL is exemplary in being a comprehensive environmental management company whose work supports the Swachh Bharat (Clean India) Mission to reduce pollution and improve critical sanitation infrastructure nationwide. We are confident that, with our industry experience and resources, REEL will be better positioned to achieve its social mission over the long term.”

Robert Antablin and Ken Mehlman, Co-Heads of KKR Global Impact, said, “Responsibly managing waste is a critical global challenge, particularly in one of the world’s fastest growing nations. We believe REEL will address this critical need while advancing two of the United Nations Sustainable Development Goals.”

Over the last decade, KKR has been a leader in driving and protecting value throughout the firm’s private markets portfolio through thoughtful Environmental, Social and Governance (“ESG”) management, as well as measuring and reporting on performance to the public and investors. The firm also has a history of investing in businesses that promote sustainable solutions to societal challenges. This experience of responsible investment combined with a changing landscape of global challenges led to KKR’s decision to create a dedicated Global Impact business in 2018. KKR’s Impact strategy and investment in REEL will build on this experience.

13-09-2018 - A vision for waste management in India

A vision for waste management in India

Envint | 13th September 2018

The first half of 2016 saw significant changes in waste management rules, after a gap of almost 16 years. Almost two years thereafter, the market is currently abuzz with KKR, one of the world’s largest investment firms completing the first PE buyout in India’s environment sector. It is planning to invest in Ramky Enviro Engineers Ltd, India’s leading waste management company, valuing Ramky at $925 million.

07-09-2018 - Four agencies selected to clean Noida

While three private agencies will be engaged in the collection of solid waste and the treatment of construction waste, NGO Adarsh Sewa Samiti will help develop civic sense among the general public.

Hindustan Times

https://www.hindustantimes.com/noida/four-agencies-selected-to-clean-noida/story-O6gfpQavYRypxttPuexByI.html

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Ramky Enviro, Chinese firm to take up waste to energy projects

Ramky Enviro, Chinese firm to take up waste to energy projects Hyderabad, Nov. 27: Ramky Enviro Engineers Ltd along with Chinese company Chongqing Sanfeng Environmental Industry Group plans to address the waste to energy project market in India through a joint venture.

“Hitherto, the Chinese company was an equipment supplier and an EPC contractor for some of the projects Ramky is currently executing. We are now set to expanding this engagement through a joint venture company to take up more projects together,” said Mr. Goutham Reddy, Director of the Rs 6,500-crore Ramky Group.

Gautham Reddy told Business Line that this venture is aimed at expanding the scope of the work to be handled together. A memorandum of understanding was signed with the Chinese company and the efforts will be to make use of each others expertise in waste to energy projects.

The joint venture will be formed within two months. Already the venture partners have build, operate and transfer waste to energy projects in Mumbai Metropolitan Development Authority, Hyderabad, New Delhi and Chennai worth about $300 million (about Rs 1,650 crore). This includes a 24-MW project in Delhi at about $60 million (about Rs 330 crore).

The metropolitan areas generate huge waste and its disposal is a big challenge. Projects that help waste disposal and also enable in power generation is the way to go forward. Most of the major cities are looking at setting up waste to energy projects, he said.

Ramky Enviro, Chinese firm to take up waste to energy projects - The Hindu Business Line

Ramky Enviro, Chinese firm to take up waste to energy projects Hyderabad, Nov. 27: Ramky Enviro Engineers Ltd along with Chinese company Chongqing Sanfeng Environmental Industry Group plans to address the waste to energy project market in India through a joint venture.

“Hitherto, the Chinese company was an equipment supplier and an EPC contractor for some of the projects Ramky is currently executing. We are now set to expanding this engagement through a joint venture company to take up more projects together,” said Mr. Goutham Reddy, Director of the Rs 6,500-crore Ramky Group.

Gautham Reddy told Business Line that this venture is aimed at expanding the scope of the work to be handled together. A memorandum of understanding was signed with the Chinese company and the efforts will be to make use of each others expertise in waste to energy projects.

The joint venture will be formed within two months. Already the venture partners have build, operate and transfer waste to energy projects in Mumbai Metropolitan Development Authority, Hyderabad, New Delhi and Chennai worth about $300 million (about Rs 1,650 crore). This includes a 24-MW project in Delhi at about $60 million (about Rs 330 crore).

The metropolitan areas generate huge waste and its disposal is a big challenge. Projects that help waste disposal and also enable in power generation is the way to go forward. Most of the major cities are looking at setting up waste to energy projects, he said.

Biodiversity meet generates 9.2 tonnes of trash!

It was generated by over 1,000 delegates from 65 countries in five days

Ramky personnel handling the waste generated at the biodiversity meet in Hyderabad.

Biodiversity is all about the variety of life on earth and how to protect it. But the ongoing global summit on this important subject has generated a variety of trash.

An incredible 9.2 tonnes of solid waste was generated during the five-day Meeting of Parties (MoP) which concluded on Friday. This huge waste was generated by over 1,000 delegates from 65 countries in just five days. It includes paper, plastic, metal, glass and food.

When the conference opened on October 1 the waste was mere 130 kg. The next day it increased to 630 kg and the third day touched 2.1 tonnes. On the fifth day when the MoP ended, a whopping 3.4 tonnes waste was generated.

Ramky Enviro Engineers, who are handling the waste produced in biodiversity event, are surprised at the sheer amount of waste produced. No prizes for guessing how much litter will be generated during the 12 day Conference of Parties 11 (CoP) beginning on Monday.

Two trucks

Blue, green, red, white, terracotta bins can be seen strategically placed at the sprawling HICC and HITEX with paper, food, plastic, glass and metal waste labelled on them. A total of 20 sets are placed. Ramky has deployed two managers, four supervisors and 20 house keeping staff to manage the waste. Two trucks have made as many trips to shift the waste to the GHMC dumping site at Jawaharnagar.

“All this will be recycled to reduce the impact of waste to a sustainable manner,” a Ramky official said. Of course, the whole thing is being done according to the guidelines of Municipal Solid Waste (Management & Handling) Rules, 2000.

Many delegates throw away the left over food along with the paper plate in a bin. “We tell them to dispose the food in the food bin and plate in other bin,” the official said.

In fact, the multicoloured bins are intended to educate delegates and visitors alike about segregation of waste at source. It is a proactive education that Ramky engineers have taken up to create awareness among the participants about collection, segregation and disposal of waste.

Covered by black disposable covers, the filled in bags are carried by the housekeeping staff to designated places for bulk collection through pull push 1100 litre carts at Hitex and HICC areas.

Newspaper Coverages

Hindu
Publication: Hindu (Chennai)
Dated:20.07.2012
Times of India
Publication: TOI ( Hyderabad)
Dated: 21.06.2012
Deccan Herald
Publication: Deccan Herald (Bengaluru)
Dated: 09.07.2012
Economic Times
Publication: Economic Times
Dated: 09.07.2012

Newspaper Clippings

The Hindu
Publication: The Hindu
Dated: 30.3.12
Deccan Chronicle
Publication: Deccan Chronicle
Dated:17.3.12
Economic Times
Publication: Economic Times
Dated:10.3.12
TOI
Publication: TOI ( Chennai)
Dated: 19.1.12
The New Indian Express
Publication: The New Indian Express
(Chennai)
Dated: 13.1.12
Deccan Chronicle
Publication: Deccan Chronicle
( Hyderabad)
Dated:13.1.12
DNA
Publication: DNA ( Indore)
Dated: 12.1.12
HBL
Publication: HBL
Dated: 29.2.12
Times of India
Publication: Times of India ( Chennai)
Dated:11.1.12
Business World
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Dated:10.1.12
Business World
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Dated:10.1.12
Business World
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Dated: 10.1.12
Deccan Chronicle
Publication: Deccan Chronicle
(Hyderabad)
Dated: 24.2.12
Business Today
Publication: Business Today
Dated:16.9.11
The New Indian Express
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Dated:24.9.11
The Hindu
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Dated:24.9.11
Namaste Telengana
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Dated:4.7.11
Sakshi
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Dated:30.6.11
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