10 Top Private Equity Firms in India: International & Domestic

Private equity firms manage investment capital obtained from institutional investors or HNWIs to invest in companies through a variety of ways. Private equity houses operate with long-term investment horizons ranging from five to seven years. As per a report by Private Equity International (PEI), we have listed the top 10 private equity firms ranked by their assets under management (AUM) and success in returning profits to investors. Here we will list the top private equity firms in India – international players as well as domestic players. 

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10 Top Private Equity Firms in India
10 Top Private Equity Firms in India

Top Private Equity Firms in India     

Companies can raise money from two types of sources – equity and debt. Equity is further divided into 2 categories – public equity and private equity. When a company issues shares through IPO or stock exchange, the equity raised is known as public equity. When the equity is raised through private sources or institutions, it is termed as private equity. 

List of Top 10 Private Equity Companies in India

(i) Top international private equity firms in India

  • The Blackstone Group Inc.
  • KKR & Co. Inc.
  • CVC Capital Partners
  • The Carlyle Group Inc.
  • TPG Growth Capital
  • Warburg Pincus LLC
  • Bain Capital
  • Everstone Capital
  • Baring Private Equity
  • CLSA Capital Partners

The Blackstone Group Inc.

Blackstone is a leading private equity firm with $881 billion in total AUM. Founded in 1985, the company invests across a broad spectrum of market sectors including energy, retail and technology. Key details of the company are as follows:

  • Headquarters: New York, United States
  • India Office: Mumbai

KKR & Co. Inc.

KKR & Co. Inc., formerly known as Kohlberg Kravis Roberts & Co., is a global asset management firm with $459 billion AUM. Founded in 1976, KRR is one of the first firms to engage in large-scale leveraged buyouts. Key details of the company are as under:

  • Headquarters: New York, United States
  • India office: Mumbai

CVC Capital Partners

CVC Capital Partners was established in 1981 and is a private equity and asset management firm with nearly $122 billion of total AUM, and $92 billion of assets managed by its private equity platform. CVC Capital has 24 offices worldwide. Its private equity portfolio includes 114 companies around the world. 

Headquarters: Luxembourg

India office: Mumbai

The Carlyle Group Inc.

Founded in 1987, The Carlyle Inc. (CG) is one of the largest private equity companies with a total AUM of $293 billion. Headquartered in Washington, D.C. the company operates through 26 offices across five continents. Its private equity unit has AUM of $161 billion. The company primarily invests across sectors such as healthcare, manufacturing, consumer, etc. Some of the reputed current holdings include Supreme, Workforce Logiq, and Orion Breweries Ltd. of Japan.

Headquarters: Washington, DC, United States

India office: Mumbai

TPG Growth Capital

TPG Growth Capital is a private equity investment firm that engages in leverage buyout and growth capital. Founded in 1992, the company has a total of $109 billion AUM. Some of its notable transactions include its buyout of Continental Airlines, its acquisition of Petco, and its leveraged buyout of Burger King. Current portfolio holdings are Airbnb, Chobani, and Fender. 

Headquarters: San Francisco, United States

India Office: Mumbai

Warburg Pincus LLC

Warburg Pincus LLC is a New York based private equity company with more than $73 billion in total AUM, invested in more than 235 companies. Established in 1966, it has offices in 13 countries. 

Headquarters: New York, United States

India Office: Mumbai

  1. Bain Capital

Bain Capital is a private multi-asset investment company. Headquartered in Boston, Massachusetts, it is a sector Agnostic company that invests across all sectors without preference to any specific sector. 

Headquarters: Boston, Massachusetts

India Office: Mumbai

  1. Everstone Capital

Everstone Capital is a India-focused private equity and real estate investment firm. Founded in 2006, the company has presence in India and South East Asia. 

Headquarters: Singapore

India office: Mumbai

  1. Baring Private Equity

One of the leading private alternative investment firms of Asia, Baring Private Equity has a total of $21 billion of FPAUM. 

Headquarters: 2IFC, Central, Hong Kong

India office: Mumbai, Delhi

  1. CLSA Capital Partners

CLSA is a pan Asian private equity firm managing more than $5 billion assets across multiple sectors. Headquartered in Hong Kong/ Singapore, CLSA has offices in around 20 cities. 

 Headquarters: Hong Kong/ Singapore

India Office: Mumbai

Top domestic PE firms in India

  1. Kotak Private Equity

Kotak Investment Advisors Limited is a part of Kotak Mahindra Group and invests in promising private companies. Kotak Investment Advisors focuses on various businesses other than private equity, like real estate, infrastructure, etc.  

Location: Mumbai, India

Sector focus: Consumer, Real Estate, Healthcare, Infra, Financial Services

2. Chrys Capital

One of the leading alternative investment firms, Chrys Capital manages a total of over $4 billion assets. The company focuses on consumer, Healthcare, IT, Financial Services.

Location: New Delhi

Sector focus: Consumer, Healthcare, IT, IT services, Financial Services

3. True North India Value Fund

True North is India’s 1st private equity fund which raised money from the domestic market. It launched India value fund with a combined investment size of around $2 million.

Location: Mumbai   

Sector Focus: Financial Services, Healthcare, IT and Consumer

4. Motilal Oswal Private Equity

Established in 2006, MOPE Advisors Private Limited is an asset management arm of Motilal Oswal group. The company engages in investing in mid-market space.

Location: Mumbai   

Sector focus: Consumer, Financial Services, Real Estate 

5. IDFC Private Equity Fund

IDFC Private Equity, known as Investcorp, is a leading alternative investment firm providing investment services across all sectors. The company exclusively focuses on infrastructure services. 

Location: Mumbai

Sector Focus: Infrastructure – Social, Rural (agri related), Financial Services, Consumer, etc.

The Indian private equity market has become a hot investment destination. Investors made 25-30% annual returns in the last 5-6 years by investing in Pre-IPOs. However, it may be risky to invest your hard-earned money without market research and investment guidelines. SBNRI is an online platform exclusively designed to cater investment and transactional needs of NRIs living around the world. The investment experts at SBNRI guide NRIs throughout the investment process. 

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