Brookfield seeks to invest more capital in India

Photo: Bloomberg

Anuj Ranjan, managing partner and CEO of Middle East and South Asia, Brookfield Asset Management, today said that his company is ready to stay in India for “another 11 years” where it aims to pump more capital in the country.

Speaking at the fireside chat with Sridhar Gorthi of Trilegal at Mint India Investment Summit 2020 in Mumbai, Ranjan said, “We genuinely think India has all the right ingredients to be a five trillion dollar or more economy.”

Ranjan also added that they have been here 11 years and they will be here another 11 years, and keep investing and look at opportunities relative limited competition. He also further went on to say, “India is Brookfield’s number one market in the world.”

Emphasising on Indian market conditions and retail credit, Ranjan suggested that retail credit can be rescaled dramatically in the country.

Highlighting the role of Non-Banking Financial Company, Ranjan said that banks are “critical infrastructure” for a country and NBFCs do things which banks can’t do. He also added that they were well cautious about corporate governance.

Ranjan, during the chat also added that most investors get nervous about 100% transaction or buyout because they are not sure they can run the business as well as a partner can.

During the chat at the summit, he said,”We are not averse to development.” He also added, “Demand deferred is not demand destroyed.”

This article was first published on livemint.com.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.