See strong revival in investments in India, says IVCA's Renuka Ramnath

This year has seen heightened activity in the private equity space and a prominent woman in the midst of all this action is Renuka Ramnath. Renuka Ramnath, Chairperson, IVCA and Founder, MD and CEO, Multiples Alternate Asset Management, shared her views on where private money is looking for opportunities.

"India is seen as a highly attractive destination in emerging markets (EMs). So, I do see a strong revival in the sentiments towards investing in India and across the board," she said.

She believed that the foremost interest about India would be the digital stories. "It will be in the new age companies, which are creating new business models, which are driving scales and valuation at a rapid pace. In India, we have many companies addressing the wide variety of opportunities, so we are not stuck with only possibilities in the IT services space or in the technology space but even in the consumer space, healthcare, fintech. The breadth of opportunity is massive, the scale is massive,” she mentioned.

"Financial services will always be at the centrestage of our investing and the breadth of opportunities will only increase from beyond non-banking financial companies (NBFCs) and commercial banks to include insurance companies, fintech companies and new age companies which are bringing the disruption through technology to reach the hinterland of India," she stated.

"Besides that we have continued to look at traditional companies where there are buyout opportunities particularly where some of the large conglomerates could be relooking at their balancesheets and deciding for the next decade what are the businesses that they want to be committed so that they can exit the non-core business, which are very good businesses but not fitting within the thesis for a particular promoter or a family or a conglomerate," she mentioned.