Anand Mahindra, Chairman of Mahindra Group said that it is a proud moment that Indian business now delivers the highest rate of return for world’s most dominant private equity firms, Blackstone.
Mahindra said this via a post on X responding to Blackstone statement on Davos.
“when the co-founder of one of the world’s most dominant private equity firms states that India provides their highest rate of return globally, that is massive news, even by Davos standards,” Mahindra said in the X post.
India businesses grow at 20%: Schwarzman
Speaking at World Economic Forum, Davos, Blackstone CEO Steve Schwarzman said that India business now delivers the highest rate of return among all its global investments. “Our India business is our number one business in the world in terms of rates of return for the investments that we make,” Schwarzman said, adding that while someone has to be number one, “it’s nice that it’s India.”
Schwarzman pointed out that several Blackstone-backed businesses in India are growing at around 20% annually. He noted that these businesses are not only growing fast but are also “very nicely profitable,” reinforcing confidence in India’s fundamentals.
Mahindra praises Amit Dixit’s role in Blackstone’s India success
Mahindra said that this statement is a far greater validation of India’s trajectory than any claim made by local policymakers or business leaders.
“Davos is ultimately a convening of capital; when the “smart money” speaks this clearly, the impact is enormous,” he said in the X post.
Mahindra also complimented Amit Dixit, Head of Blackstone Private Equity in Asia, for achieving this podium position.
“I’m particularly proud because, many moons ago, Amit spent a year at Mahindra before heading to Harvard Business School. He helped launch Automartindia which evolved into Mahindra First Choice, now a premier player in the pre-owned vehicle industry,” he added.