Warburg Pincus targets USD 8 billion investments in 10 years in India

Private equity group Warburg Pincus is planning to invest USD 8 billion in India over the next 10 years, twice of what it did in two decades as the frm is quiote bullish on one of its “most important markets in the world”. 

Warburg, which has deployed USD 3.8 billion in 51 companies as diverse as Kotak Mahindra Bank, Alliance Tire, Ambuja Cement and Laurus Labs in India since 1997, is looking to deepen its involvement, Co-Chief Executives Charles R Kaye and Joseph P Landy told Economic Times in an interview. 

“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.

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. As mavericks instrumental in establishing the PE cult in India in the 1990s, Kaye and Landy are modest.