Renuka Ramnath's PE firm Multiples looks to raise $10 billion by 2030

Elaborating on her strategy, Ramnath, who is CEO, said it was 'fairly ambitious'

Home-grown private equity player Multiples Asset Management, founded by Renuka Ramnath, is targeting to raise up to $10 billion by 2030 out of which it will deploy $8 billion in various companies as part of its blueprint for growth.

So far, the PE company has raised over $2 billion. One concern that Ramnath has is the reluctance of domestic institutions such as banks, insurance companies, and EPFOs, to put mo­n­ey in this asset class, compelling them to depend mainly on foreign money. The dependence will reduce, she said, as Indian family business offices are increasing their allocation for investment and this