Private equity firm, General Atlantic is looking forward to invest about half a billion dollars in India. Six sectors have been identified as investment targets including financial services, retail, healthcare, data-driven business process outsourcing, internet advertising and mobile internet.
“Our portfolio is valued at $13 billion in total of existing companies. I would love to have the Indian portfolio represent 20-25% of what we are doing,” the firm’s CEO Bill Ford told ET.
The PE firm had invested in Bengaluru-based big data and analytics solutions provider MU Sigma, Mumbai-based healthcare technology solutions provider Citius Tech, IndusInd Bank, and IT solutions provider to travel, transportation, and logistics companies IBS Software among others in India. The firm has so far invested about $2 billion in 15 companies in India, returning close to $1.8 billion with exists from Genpact, Patni Computers and Hexaware.
“As more consumers in India spend more hours online than what they do with traditional media, more dollars will flow into the sector,” Ford said. “We have seen what then happens all over the world. So, that’s a place where we would want to be active.”