Private equity's next leap hinges on local fund needs, buyouts

India's private equity industry is evolving, with local funds securing substantial capital and achieving consistent returns.

- JADEN MATHEW PAUL

During a panel discussion at TiEcon Mumbai 2025, industry leaders emphasized growing opportunities in scaling buyouts and expanding domestic investor participation.

Renuka Ramnath, founder, MD, and CEO of Multiples Alternate Asset Management, stated that domestic capital has become a crucial source of funding for Indian private equity with about $120 billion deployed in the Securities and Exchange Board of India (Sebi)-registered Cat I and Cat II funds. "This includes the entire spectrum of private equity, infrastructure, and real estate, which is a massive number. Every year, we are growing at about 30 per cent from the previous year in terms of the total amount of capital we are able to attract into this sector," she said.