‘India top PE destination for Warburg Pincus outside US’

Warburg Pincus said it is investing ‘a couple of billion dollars each year in India’

- Sneha Shah

India's scale and growth, combined with increasingly sophisticated capital markets, have helped Warburg Pincus's India franchise to become the firm’s largest investment destination outside of the US, senior executives said at a media roundtable in Mumbai on Wednesday.

“India is the largest private equity destination for us outside the US. It's always been one of our most important markets globally. In many ways, I think our presence in India and the ecosystem that we've created here may be one of the most defining features of the firm more broadly, not just inside India, but outside of it,” Chip Kaye, chairman of Warburg Pincus, said.

Kaye and Jeffrey Perlman, the firm’s chief executive, along with other senior management, are in India to celebrate their 30-year investing journey. Starting with backing entrepreneurs and businesses such as Sunil Mittal, HDFC, IDFC, the firm has, over the last three decades, backed 80 companies.