Blackstone is one of the largest foreign investors in India, with assets spread across real estate, private equity and data centres. The firm has managed about $50 billion in India, mostly in real estate and runs its India business from Mumbai.
Ownership and structure
Blackstone invests in India through its global private equity, real estate and credit funds, advised locally by Blackstone Advisors India Private Limited.
What India does for Blackstone
India is one of Blackstone's largest markets, where it is the largest owner of office buildings and holds controlling stakes in technology, industrial and financial companies.
Investment and deals
Blackstone held about 50 billion dollars of assets in India in March 2025. In March 2024 it outlined plans to add 25 billion dollars of Indian private equity assets over five years.
Blackstone's India business
Blackstone began investing in India in 2005. Its India assets stood at about $50 billion in March 2025, with plans to grow the portfolio to $100 billion.
It has invested in 27 Indian companies and acquired 16 others, including R Systems and Roop Automotives. In 2024 the firm outlined plans to invest $25 billion in Indian private equity assets over five years.
Key moves in India
- 2005: Blackstone began investing in India.
- 2007: Blackstone took over Gokaldas Exports.
- 2016: Blackstone paid about 870 million dollars to take control of Mphasis from Hewlett Packard Enterprise.
- 2019: Embassy Office Parks REIT, sponsored by Blackstone and Embassy Group, listed in April as India's first REIT.
- 2023: Blackstone sold its 23.59 percent stake in Embassy Office Parks REIT in December for about Rs 7,100 crore.
- 2024: Blackstone outlined plans in March to invest 25 billion dollars in Indian private equity assets over five years.
- 2024: Blackstone acquired Roop Automotives in December.
Where it operates
Blackstone runs its India business from Mumbai.
At a glance
- Home country: United States
- Global headquarters: New York
- Sector: Private Equity & Investments
- Business: Alternative assets
- Role of India: Investment portfolio
- India entity: Blackstone Advisors India Private Limited
- India head office: Mumbai
- India offices: Mumbai
- India headcount: Not available
- In India since: 2005
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