CPP Investments manages the Canada Pension Plan fund and ranks among the five largest institutional investors in India. Its India portfolio tripled in five years to about C$29.5 billion in 2025, spanning real estate, infrastructure, credit and equities.
Ownership and structure
CPP Investments invests in India from Canada through direct stakes, joint ventures with local partners and fund commitments, supported by its Mumbai office opened in 2015.
What India does for CPP Investments
India is CPP Investments' third largest market in Asia Pacific, with holdings across financial services, technology, logistics, roads and renewable energy.
Investment and deals
CPP Investments' India portfolio grew from about C$10 billion in 2020 to about C$29.5 billion in 2025.
CPP Investments's India business
CPP Investments entered India in 2009 and opened its Mumbai office in 2015. Its India portfolio grew from C$10 billion in 2020 to about C$29.5 billion in 2025.
Holdings include National Stock Exchange of India, Kotak Mahindra Bank, Flipkart and IndoSpace. India is its third largest market in Asia Pacific after Japan and China.
Key moves in India
- 2009: Gained its first India exposure through private equity fund investments.
- 2015: Opened its Mumbai office.
- 2017: Formed IndoSpace Core, a logistics joint venture with IndoSpace.
- 2021: Made an initial US$190 million investment in National Highways Infra Trust.
- 2023: Committed a US$205 million anchor investment to IndoSpace's fourth logistics development fund.
- 2025: Its India portfolio reached about C$29.5 billion.
Where it operates
CPP Investments runs its India business from Mumbai.
At a glance
- Home country: Canada
- Global headquarters: Toronto
- Sector: Private Equity & Investments
- Business: Pension fund
- Role of India: Investment portfolio
- India head office: Mumbai
- India offices: Mumbai
- India headcount: Not available
- In India since: 2009
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