New York City based private equity firm KKR & Co. will acquire a 60 percent stake in Hyderabad, India based Ramky Enviro Engineers Ltd., (REEL) for $530 million, marking the acquisition as one of India’s largest buyouts. KKR will buy the stake via a combination of primary and secondary investments, in a deal that gives the waste management company an enterprise value of over $900 million.
KKR India’s CEO Sanjay Nayar said REEL is the only comprehensive environmental management company offering end-to-end services across India and that its work uniquely supports the Swachh Bharat (Clean India) Mission – an initiative launched by Prime Minister Narendra Modi.
Additionally, REEL recycles paper, plastic, and chemicals, and focuses on renewable energy generation using waste. It operates 14 hazardous waste management facilities, 15 biomedical waste disposal facilities, and over 28 county solid waste management facilities in India. It also operates in Southeast Asia, the Middle East, and Africa.
Last updated: December 26th, 2025
