Olympus Capital to set up shop in the country
An Asia-focused private equity (PE) fund, Olympus Capital Holdings, that has already invested around $1.5 bn in growing economies such as Japan, Korea and Greater China, is setting up shop in India.
By Mahima Puri, |
NEW DELHI : An Asia-focused private equity (PE) fund, Olympus Capital Holdings, that has already invested around $1.5 bn in growing economies such as Japan, Korea and Greater China, is setting up shop in India. The PE fund till now had a representative office here, but has now decided to set up full-fledged office with a six-member team.
It has appointed Gaurav Malik as the MD for its India operations, which would be based in the Delhi NCR region. Mr Malik was earlier based out of the firm���s Hong Kong office and has worked with it since the last six years.
���India is emerging as a very important market for PE players like us. We are hopeful that the country will see a huge inflow of investments,��� said Mr Malik.
Olympus has so far made few investments in India. These include Raman Roy���s Quatrro BPO, Sanghvi Movers, HDFC Bank and Nipuna (Satyam���s BPO), which it exited last year.
In addition to India, its portfolio consists of over 30 companies, including recent investments in Sichuan Emeishan Special Cement (China), Kyoto Kimono Yuzen (Japan) and China Zhongwang Holdings Limited (China).
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