US-based Blackstone, the largest owner of commercial and retail real estate in India, has been investing in India since 2006.[0] The global investment giant has pumped in an impressive $50 billion across sectors ranging from IT services and asset & wealth management to auto components and online learning. With roughly half of its Asia exposure in India, the company is looking to scale its real estate portfolio, investing in logistics, retail, office and data centres.[1]
Blackstone President and Chief Operating Officer, Jonathan Gray, expressed his bullishness on India’s growth prospects in a recent media interaction in Mumbai, saying “The fundamentals for long-term growth in India are outstanding. We control $50bn of assets here and the best is yet to come.”[0] Gray, a billionaire, added in Hindi “Picture Abhi Baki Hai”, signifying that India is far from reaching its full potential.[1]
The PE company has recorded extraordinary performance in India, with investments in Mphasis, VFS, TaskUs, IBS Software, Xpressbees, and Simplilearn. Last year, the firm sold Aakash Educational Services to edtech major Byju’s.[0] With its long-term view on India, Blackstone looks forward to continuing its successful investment journey in India.
0. “‘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
1. “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