Private equity funds--investment funding made without stock being issued--have raised over $17 billion since the year 2000, according to the research agency Preqin. The private equity sector in India declined about 60 percent in 2009 due to recession in overseas markets, but as of 2010, the Indian markets have stabilized despite volatility and uncertainty in global finances. When determining the top 10 private equity firms in India, one measure of success is the amount of funds raised.
ICICI Venture
ICICI Venture Fund management, headquartered in Mumbai, has raised funds to the tune of $3 billion over the last decade. As one of the largest funds, it's a subsidiary of ICICI bank, the largest private sector bank in India.
ChrysCapital
This New Delhi-based fund launched in 1999 and has raised $1.9 billion in private equity funds. It has made more than 45 investments since its inception, according its website.
Sequoia Capital
Sequoia Capital India, formerly known as WestBridge Capital Partners, mainly invests in consumer, energy and financial services in India. Headquartered in Bangalore, it focuses on investment in the seed, early and growth stages of industry.
India Value Fund
India Value Fund, a Mumbai-based fund, was established in 1999 and boasts more than $1.4 billion distributed across four funds. It was formerly known as GW Capital.
Kotak Private Equity Group
This firm stands as one of the early investors in Indian private equity, launched in 1997. Kotak's pumped $1.4 billion into the Indian market mainly in the infrastructure and health care sectors.
Baring Private Equity Partners
Established in 1998, Gurgaon-based BPEP has over $3 billion invested mainly in the American, Latin and Indian markets. It generally invests in manufacturing, pharmaceutical and information technology.
Ascent Capital
Ascent Capital, as one of India’s largest private equity funds, has invested $600 million across three funds, helping more than 40 entrepreneurs access its funds.
CX Partners
CX Partners--promoted by former Citigroup Venture Capital Investment--made "a final close of its debut fund in excess of $500 million," according to a July 7, 2010, report from Reuters.
Everstone Capital
Everstone Capital, the equity subsidiary of Future Holdings, raised its first fund in 2006, for $425 million, and set its sights on a $550-million fund in 2010, reports AltAssets.com. Everstone's invested in engineering firms, a renowned children’s clothing producer and other industries.
Blackstone Group
Blackstone, a U.S.-based firm, remains an emerging player, announcing plans to invest as much as $1.5 billion in Indian infrastructure. In April 2010, it invested $50 million in a regional Indian newspaper, "Jagran Prakashan."
Tips & Warnings
References
Preqin: News and Research
ChrysCapital: About ChrysCapital
India Private Equity Website
Career Finance: Private Equity--Top of the League
India Findouter: Venture Capital
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