Bombay Dreams For Private Equity Firms

Oct 23 2007 | 12:14pm ET

India is fast becoming the region of choice for private equity pros. The subcontinent is set to receive US$13.5 billion in private equity funding during 2007, ranking it among the top seven countries in the world, according to a new report. And this funding could rise to almost $20 billion in 2010—a thousand-fold increase from the $20 million invested in 1996, says global research and analytics firm Evalueserve.

The firm also says there are over 366 investment related firms currently operating in India, and another 69 have raised—or are in the process of raising—funds. In total, private equity firms have earmarked US$48 billion for investment in India between July 2007 and December 2010.

“Several firms that we talked to also mentioned they would be willing to invest even more if they saw good investment opportunities,” said Evalueserve Chairman Alok Aggarwal.

Beyond the tech-heavy activity that has driven much of the earlier investment opportunities, there are many new areas that private equity and venture capital firms are now aggressively looking to invest in including manufacturing, financial services, healthcare, real estate and construction.

For new entrants into the market, Evalueserve says that a solid understanding of the market and “some behavioral adjustments” are must-haves such as “subtle and savvy managerial skills” and a “healthy dose of patience.”

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