British International Investment is the UK development finance institution and has invested in India since 1987. Its Indian portfolio of nearly $2.2 billion covers more than 290 businesses, with a growing focus on climate finance.
Ownership and structure
British International Investment, the UK government owned development finance institution, invests in Indian businesses directly and through funds from the United Kingdom, supported by its offices in Mumbai and Bengaluru.
What India does for British International Investment
India is a major market for BII's development capital, with a portfolio spanning financial services, renewable energy, infrastructure, technology and agriculture.
Investment and deals
BII committed more than US$1 billion to Indian businesses between 2020 and 2022 and plans to invest up to US$1 billion in Indian climate finance from 2022 to 2026. Its India portfolio was worth nearly US$2.2 billion across more than 290 businesses in 2023.
British International Investment's India business
BII made its first Indian investment, in PNG Venture Finance, in 1987. Its India portfolio was nearly $2.2 billion across more than 290 businesses in 2023.
It invested about $1 billion in India in the three years to 2023. BII has offices in Mumbai and Bengaluru.
Key moves in India
- 1987: Made its first Indian investment, in PNG Venture Finance.
- 2022: Invested more than US$300 million in Indian climate finance, including renewable energy, electric mobility and sustainable agriculture.
- 2022: Set a plan to invest up to US$1 billion in Indian climate projects through 2026, after committing more than US$1 billion to Indian businesses from 2020 to 2022.
- 2023: Its India portfolio reached nearly US$2.2 billion across more than 290 businesses.
Where it operates
British International Investment runs its India business from Mumbai. It also has a presence in Bengaluru.
At a glance
- Home country: United Kingdom
- Global headquarters: London
- Sector: Private Equity & Investments
- Business: Development finance
- Role of India: Investment portfolio
- India head office: Mumbai
- India offices: Mumbai, Bengaluru
- India headcount: Not available
- In India since: 1987
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