VIDEO: Crowded Indian market still has room to grow

Though most buyout houses clearly crave a piece of one of the world's fastest-growing economies, India still has a relatively untapped sweet-spot. This is because most global players seek out deals in the $50-100m range, making it a very crowded area, not helped by the fact that the public markets act as something of a competitor in that range. In fact Warburg Pincus recently announced the sale of Vaibbav Gems at a ‘significant loss' - proof that the market This was the message from Nitin Rakesh, CEO and MD at Motilal Oswal Asset Management, as interviewed by Risk Editorial Director Lawrence Gosling.

The mid-market of $10-20m, however, offers an opportunity for local players. This is because, according to Rakesh, global buyout houses deem the spot ‘too expensive' and ill-fitted to their typical remit. This, he argues, creates an opportunity for local players.

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• Topics
• South Asia