General Atlantic plans four India deals worth up to $200m each

"We are looking at actively pushing a lot of money into India," Pandit told Bloomberg. "We are looking to do fewer transactions but bigger transactions." General Atlantic typically spends $50-75 million per deal but is looking to ramp up investment in response to declines in the valuation of Indian stocks. Pandit added that deals of up to $400 million would be considered.

The private equity firm, which has $17 billion under management globally, has deployed about $900 million in India since 2002 and owns stakes worth a combined $1.7 billion in eight companies. It paid about $90 million for a 3.75 stake in IndusInd Bank and also has interests in technology companies including Genpact, Hexaware Technologies and Infotech Enterprises.

Pandit said that stakes in some technology companies may be sold, noting that General Atlantic "may be reaching a point of diminishing return from them." He didn't specify which companies could be sold.

General Atlantic has seen several notable departures from its India team in 2011. In January, General Atlantic Managing Director Raul Rai left the firm to head up the private equity unit at Fidelity Growth Partners India. Then last month, Sunish Sharma, also managing director, quit to set up an independent fund with Manish Kejriwal, formerly head of Temasek India. The two, who were previously colleagues at McKinsey & Co., were expected to be joined by Nishant Sharma, a principal at General Atlantic.

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