US-based private equity major Warburg Pincus is likely to double its investments in India to $8 billion in the next 10 years as compared to the last two decades, according to a report in The Economic Times.
The global investor has deployed $3.8 billion in 51 companies in India in diverse com as Kotak Mahindra Bank, Alliance Tire, Ambuja Cement and Laurus Labs in India since 1997, and is now looking to further deepen its involvement, Co-Chief Executives Charles R Kaye and Joseph P Landy told the newspaper.
“We never believe in numerical targets and do not set investment allocations by region. But frankly, if we couldn’t deploy more than double that amount within half the time, I would say, all of us will be disappointed. India is at an interesting inflection point and is a very compelling investment destination for us,” Kaye said.
“This is one of the most prolific regions for us. Warburg Pincus has represented approximately 4% of PE-type money in India over the last 20 years and 10% of returns, making India an extremely successful market for us,” Landy said.
They see investments in the country with opportunities opening up through financial inclusion, the digital economy, migration from unorganised to branded products and services and development of logistics, infrastructure and energy.