Blackstone betting big on India-its most profitable market

Holding over USD 50 billion in assets under management already, the Wall Street major Blackstone is increasing its bet on the country, promising to pump in more dollars than it has already invested in the past decade, going forward.

For the American alternate investment management giant with close to USD 620 billion in AUMs globally, India is its most profitable market in terms of returns — its seed investment of around USD 25 billion is worth over USD 50 billion at present, according to co-founder, chairman and chief executive Stephen A Schwarzman.

In the past decade, Blackstone has invested more than USD 22 billion in the country and some of its existing investments include Mphasis, (its largest investment so far– USD 2 billion already invested and an additional USD 2.8 billion commitment),