Avendus Capital

A sale would mark one of the larger pvt equity exits in India's financial services sector, signaling strong investor appetite for country's fast-growing capital markets and wealth management industry

India's data centre industry is on the brink of exponential growth, with total capacity expected to reach 3 GW by 2030, according to a report. The sector is also seeing a surge in annual investments, currently at USD 1-1.5 billion (around Rs 12,870 crore), and this figure is expected to double in the coming years, according to the report A Multi-Year Growth Proxy on India's Data Explosion and Localisation Wave by Avendus Capital. The data centre capacity of the country was estimated at 1.1 GW in 2024. Rising data consumption, AI and cloud adoption, and policy initiatives focused on data localisation are the main drivers of data centre demand, the report stated. The demand is expected to reach around 6 GW by 2033, but the supply is expected to be only 4.5 GW, leaving a gap of 1.5 GW. Much of the demand is expected to be met through large-format, hyperscale-ready infrastructure in core markets, alongside edge-ready capacity in Tier 2 and Tier 3 cities for latency-sensitive workloads

With assets under management of over ₹12 billion, Infinity offers loans to entrepreneurs and small business owners in India's smaller cities, supporting them in achieving their growth goals

Holland was previously the chief executive officer of Avendus Capital Public Markets Alternate Strategies

Avendus Capital, the investment bank, which is backed by KKR & Co, is raising as much as Rs 3,000 crore ($343 million) for its Future Leaders Fund III

Avendus Capital said that while its products in structured credit, private equity, and long-only public markets continue to garner significant investor interest

Wealthy Indians offer 'significant growth potential' for such assets, it says

Holland says that flows - especially passive - will favour the US and developed markets over emerging markets

KKR and Avendus management are working together on the sale, the people said

India's data center capacity has nearly doubled since 2019, drawing interest from a wide range of investors, according to a report from Avendus Capital

The report, *Powering Digital India* Volume II, stated that the sector doubled from 540 MW in 2019 to 1,011 MW in 2023, making India one of the fastest-growing data centre markets globally

Budget with BS: The Fine Print: 'Atithi Devo Bhava' is good for tourism not for financial markets; there should be no differential treatment, said Nilesh Shah, managing director of Kotak Mutual Fund

"The markets may have run up recently, but we do not believe it to be an irrational exuberance bubble"

Avendus Capital study says low penetration coupled with rising disposable incomes, and product innovation by insurers could act as catalysts for the segment

Company will use money to promote brands, increase offline distribution, and expand internationally

US and European markets gained in October after a sharp sell-off in September

The private equity titan is close to appointing two banks to manage the formal process for the transaction, the people said, asking not to be named as the information is not public

The investment will be focused on strengthening the company's leadership position in the country. VerSe plans to both deepen and broaden its AI and ML (machine learning) and data science capabilities

The main worry for the markets remains a policy misstep by central banks in not tackling inflation or being too aggressive, leading to a sharp economic slowdown, says Andrew Holland

Is too much money chasing too few stocks in Indian markets? Which themes and sectors will do well in Samvat 2078? Avendus Capital CEO Andrew Holland answers these questions in this exclusive interview