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Bain capital to invest 7B in India, ramp up hiring in 3-5 years
The Business Guardian
|February 02, 2024
Capital has earmarked $7 billion to invest in India over the next three to five years as the country's relatively steady politics and economic growth lift its attractiveness for overseas money managers.
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The Boston-based firm also plans to increase its team of 25 private equity and special situations investment professionals by 15 per cent to 20 per cent over the next two or three years, according to Pavninder Singh, partner and a member of the Asian Pacific private equity team.
Singh said that amount of capital would mark a substantial boost to the prior seven or eight years it took to deploy his firm's first $7 billion in the country.
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