The Carlyle Group Opens Office in Mumbai

Mumbai, India - Global private equity firm The Carlyle Group said on Thursday it has opened a new office in Mumbai. The Mumbai office houses seven investment professionals who conduct growth capital and buyout deals throughout India.

These two teams invest out of three separate funds, totaling $1 billion in assets. Carlyle has been investing in India since June 2000, and is now significantly increasing its investments in the country.

"Mumbai is the epicenter of business and investment activity in India. Our new office in Mumbai will afford us better access to market players, including bankers, investors and prospective investment opportunities," said Managing Director Rajeev Gupta, who oversees the Carlyle India Buyout team.

Managing Director Shankar Narayanan, who oversees the Carlyle India Growth Capital team, adds, "We see great opportunity in India. Our growth capital investments have done well and we expect to put significant resources to work in India in the coming years. Through Carlyle's global network and industry expertise, we can help companies achieve their growth potential."

India Growth Capital Team

Managing Director Shankar Narayanan oversees the India Growth Capital team.

• The growth capital team has a total of four investment professionals and targets opportunities with equity requirements of up to $35 million.


• The team invests out of Carlyle's two Asia growth capital funds, which have $323 million in equity commitments. These funds make investments throughout Asia, including India.


• Carlyle has growth capital teams based in China, India, Japan and Korea.

India Buyout Team

Managing Director Rajeev Gupta oversees the India Buyout team.

• The buyout team has a total of three investment professionals and targets opportunities with equity requirements of more than $35 million.


• The team invests out of Carlyle's one Asia buyout fund, which has $750 million in equity commitments.


• This fund makes buyout investments throughout Asia, including India.


• Carlyle has buyout teams based in China, India and Korea.

New Office Contact Information

Carlyle India Advisors Private Ltd.
1st Floor, Quadrant 'A', Plot C-22, 'G' Block
Bandra-Kurla Complex
Mumbai 400 051
Tel. +91 22 5647-0800
Fax. +91 22 5647-0801

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