TPG has a longstanding presence in India through its private equity and climate investing platforms. Its India deals include Jio Platforms, the electric vehicle unit of Tata Motors and Aseem Infrastructure Finance.
Ownership and structure
TPG invests in India through its global private equity funds and its TPG Rise Climate fund, holding minority stakes in large Indian businesses and controlling stakes in platforms such as Aseem Infrastructure Finance.
What India does for TPG
India is a major market for TPG's private equity and climate investing, with stakes in telecom, electric vehicles, data centres and infrastructure finance.
Investment and deals
TPG committed Rs 4,546.80 crore to Jio Platforms in 2020, led a Rs 7,500 crore investment with co investors in the Tata Motors passenger electric vehicle business in 2021 and agreed to invest up to Rs 8,820 crore in TCS's HyperVault in 2025.
TPG's India business
In 2020 TPG agreed to invest Rs 4,546.80 crore in Jio Platforms. TPG Rise Climate committed Rs 7,500 crore to the passenger electric vehicle business of Tata Motors.
TPG Rise Climate agreed to acquire Aseem Infrastructure Finance from NIIF. In 2025 TPG formed a strategic alliance with TCS to back its HyperVault AI data centre business.
Key moves in India
- 2020: Agreed in June to invest Rs 4,546.80 crore for a 0.93 percent stake in Jio Platforms.
- 2021: TPG Rise Climate agreed in October to invest Rs 7,500 crore with co investors for an 11 to 15 percent stake in the Tata Motors passenger electric vehicle subsidiary.
- 2025: Formed an alliance with TCS in November to invest up to Rs 8,820 crore for a 27.5 to 49 percent stake in the HyperVault AI data centre business.
- 2026: TPG Rise Climate agreed with GIC and ICICI Bank to acquire all of Aseem Infrastructure Finance from NIIF and other shareholders.
Where it operates
TPG runs its India business from Mumbai.
At a glance
- Home country: United States
- Global headquarters: Fort Worth
- Sector: Private Equity & Investments
- Business: Private equity
- Role of India: Investment portfolio
- India head office: Mumbai
- India offices: Mumbai
- India headcount: Not available
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