India's Private Credit Market Set to Boom, Reaching USD 10 Billion in 2024
Private credit deployments in India are expected to exceed USD 10 billion in 2024, driven by growth-oriented strategies and increased participation from domestic funds and high-net-worth investors.
Private CreditIndiaEyHighnetworth InvestorsFamily OfficesReal Estate MumbaiSep 11, 2024
According to a report by EY, private credit transactions of over USD 6 billion were recorded in 96 deals during the January-June period. The last two-and-a-half years have seen over USD 20 billion being deployed in the emerging alternative serving the credit needs of Indian companies.
Major deals were witnessed across real estate, infrastructure, and healthcare sectors in the first half of the year. Domestic funds are gaining traction and market share in the private credit space leveraging local expertise and the influence of lower-cost domestic money.
Reliance Logistics and Warehousing, Vedanta Semiconductors, and Matrix Pharma collectively raised approximately USD 1.3 billion in the first half of the year. The real estate sector continued to be a focal point with borrowers such as Prestige Group, Puravankara Group, Kalpataru Group, and Shapoorji Group being active.
Frequently Asked Questions
What is the expected size of India's private credit market in 2024?
USD 10 billion
What sectors saw major deals in the first half of the year?
Real estate, infrastructure, and healthcare
Who are the major players in the private credit space in India?
Domestic funds, high-net-worth investors, and family offices
What is the outlook for private credit investments in India?
Promising, with growth-oriented strategies driving investments
What is the role of EY in the private credit market?
EY provides a range of services to help clients navigate the complexities of private credit investments
Related News Articles
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.