Investcorp Expands its Footprint in India with $120 Million Acquisition of Digital Technology Services Arm

On Monday, Investcorp, a Bahrain-based company, announced its plans to acquire the digital technology services arm of the Indian Stock Exchange for $120 million. This is Investcorp’s largest deal in the South Asian country and marks its continued expansion efforts in India.

The digital technology arm of India’s largest stock market operator, NSIT, offers a range of services such as cyber security, digital transformation, and cloud services in India, North America, and the Middle East. The acquisition aligns with the Indian Stock Exchange’s strategy to focus on its core business areas. However, the transaction does not include NSIT’s digital examination business unit which provides online recruitment and promotion tests as well as digital skills improvement services for companies.

Gaurav Sharma, head of Indian investments at Investcorp, emphasized that this deal represents a significant step in the company’s growth plans in India and highlights its commitment to investing in high-growth sectors. With assets totaling more than $52 billion worldwide, Investcorp has previously invested in Indian companies like Safari Industries, Incred and WakeFit.

In addition to this deal, Investcorp offers investment opportunities across various sectors globally. With a strong track record in asset management, Investcorp aims to continue its growth strategies in emerging markets such as India while also exploring new investment opportunities around the world.