US-based Blackstone Inc. is one of the leading global investors in India, having invested $50 billion across real estate ($20 billion) and other companies ($30 billion). It is now scouting for investments in the infrastructure and real estate sectors.[0] Blackstone has been investing in India since 2006 and is the largest owner of commercial and retail real estate in the country, with a portfolio worth over $20 billion. It has also made investments in Mphasis, VFS, TaskUs, IBS Software, Xpressbees, and Simplilearn.
In a media interaction in Mumbai, Jonathan Gray, President and Chief Operating Officer of Blackstone, expressed his confidence in India’s growth prospects. “We have a long-term view on India as growth will be higher here. We have invested half of our Asia exposure in India. Our extraordinary performance in India has made us bullish. Picture Abhi Baki Hai,” he said in Hindi.[0]
Gray also added that Blackstone is now open to non-control transactions in India.[1] Amit Dixit, Head of Asia for Blackstone Private Equity, said the fund will look for minority investments in high-growth companies.[1] This move is to capture technological advances in India, even as global investors grow cautious after a short seller report rattled the empire of one of the nation’s richest men.[2] With such a strong focus on India, Blackstone is looking to make the most of the nation’s booming economy.
0. “India a bright spot for investments despite current volatility: Blackstone” Business Standard, 14 Feb. 2023, https://www.business-standard.com/article/companies/india-a-bright-spot-for-investments-despite-current-volatility-blackstone-123021401654_1.html
1. “‘Fundamentals for long-term growth in India are outstanding’: Blackstone’s Jonathan Gray” Moneycontrol, 14 Feb. 2023, https://www.moneycontrol.com/news/business/fundamentals-for-long-term-growth-in-india-are-outstanding-blackstones-jonathan-gray-10083911.html
2. “Blackstone Turns to India as Global Investors Grow Cautious” Bloomberg, 15 Feb. 2023, https://www.bloomberg.com/news/articles/2023-02-15/blackstone-turns-to-india-as-global-investors-grow-cautious