India will continue to be among our top three markets globally: TPG Growth's Ankur Thadani
Ankur Thadani, Business Partner and Head of India for TPG Growth and RISE Funds; image credit: illustration by Sadhana Saxena
Synopsis
The global view of India as an investment destination often swings in a pendulum — between deep scepticism and high optimism. These extremes, however, are never right. The country has never badly disappointed investors, according to Thadani. However, he concurs with the observation that it has always surprised both pessimists and optimists.
Global private-equity (PE) major TPG has spent two decades in India. It has built its legacy by backing portfolio companies for years and staying with them for the long haul. A case in point is Sriram Finance. A couple of months ago, TPG exited its 18-year-old investment in the non-banking finance company via multiple block deals. It made a profit of more than INR1,300 crore. With a portfolio of over 40 companies and a total investment of USD10
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