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Greater Pacific Capital (“GPC”), a leading UK-based private equity firm focused on investing in India, today announced a leadership transition in its India business.

Nandan Desai, Managing Director and Co-Head of India, will assume leadership of the India business, and join Ketan Patel, Joe Sealy and Christian Hansmeyer as part of the firm’s senior leadership team. GPC also announced the promotion of Aditya Ajit, who has been with the firm since 2017, to Vice President.

In October 2023, Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan Group, received approval from the Securities and Exchange Board of India for its initial public offer.

Muthoot’s assets under management have crossed the INR 10,000 crore (c.US$1.2bn) in the current fiscal and the Company has registered profit after tax of more than INR 200 crores (c.US$24m) in FY23 (up from c.INR80 crores (c.US$10m) in FY22). Muthoot remains well positioned to continue this momentum and deliver long-term sustainable growth and value creation.

Muthoot’s approval for listing further validates GPC’s investment strategy of partnering with Indian entrepreneurs and helping them build scaled and market-leading businesses.

Force for Good contributing to progress on the SDGs

Upskilling company NxtWave has raised US$33 million in its latest fundraising round, led by Greater Pacific Capital (GPC), a leading international private equity firm. NxtWave’s existing venture investor Orios Venture Partners also participated in the current round.

Technology will transform the world and define a more inclusive, sustainable, secure, and superior future, and in the process close c.40% of the world's sustainable development gap to 2030.

London-based private equity fund Greater Pacific Capital (GPC) has picked up around 14 per cent stake in Muthoot Microfin for $50 million (Rs 375 crore in local currency), in one of the largest capital infusions in India's microfinance sector post-Covid, reaffirming the faith of overseas investors in the sector that is subject to periodic ups and downs.

Muthoot Microfin Ltd (MML), the microfinance business of the Muthoot Pappachan Group, has received $50 million from private equity firm Greater Pacific Capital.

Currently, MML has 850 branches across 16 States, covering 257 districts. With this round of funding, the company will look to double its assets under management from ₹5,000 crore ($670 million) currently to ₹ 10,000 crore ($1.3 billion) over the next 2-3 years. The plan includes opening 500 new branches.

The report has been produced in support of the UN Secretary General’s strategy and roadmap for financing the 2030 Agenda for Sustainable Development, and spotlights the substantial and growing ‘common ground’ in the finance industry’s focus on ESG sustainability and broader stakeholder engagement which has the potential to transform capitalism for a sustainable future.

Panel discussion: Leadership for financing the implementation of the SDGs I Global Leadership for the 21^st Century

Introducing SALT Talks, an ongoing series of digital interviews with the world's foremost investors, creators and thinkers. SALT Talks provide a window into the minds of noteworthy business leaders, policy experts and innovators. Through in-depth conversations moderated by SALT Chairman Anthony Scaramucci, global leaders provide their view about the trends shaping the future. Previous interviews include including General John Kelly, Dr. Richard Haas and David Rubinstein. In this wide ranging interview, Anthony Scaramucci and John Darsie interview Ketan Patel on the rise of Quadrilateral Powers, the implications for the US and the impact of the pandemic on the world order

The COVID-19 pandemic has reinforced global rifts. What does this mean for our ability to respond to the intertwined medical emergency and economic crisis? How does the increased tension affect our capacity to address other global emergencies and challenges? What is the future of multilateralism? Can the global architecture cope with these tectonic shifts? Many countries, especially those in the developing world, rely heavily on the multilateral institutions. How will they fare in a more fractured world? Who will defend the global commons? Is there a way to restore the common ground?

Panel discussion: The Role of Finance in Addressing Global Challenges

Ketan Patel, CEO and Founder of Greater Pacific Capital addresses CEDA (the Committee for Economic Development of Australia) on the rise of India and how this may help create a more peaceful world order where the US-China superpower rivalry is balanced by a long standing multi-lateral democracy

Investment in free zones (SEZs) has been rising steadily due to their proximity to logistics hubs and corridors as well as one-stop services that facilitate ease of doing business. In partnership with Qatar Free Zones Authority, this panel explores ways in which free economic zones foster socio-economic development, security, and international commerce

Panel discussion: Incredible India: How to Identify Opportunities Amid Dispersion

Panel discussion: Rise of the East: Investment Opportunities on the New Silk Road

Panel discussion: Evaluating the Global Macro Landscape

The founder of London-based investment company Greater Pacific Capital, Ketan Patel, says India is on an unstoppable trajectory, despite a recent growth slowdown: "It took India over 50 years to become a $US1 trillion economy, it took seven years to become a $US2 trillion economy, and five years to get to three trillion", which it's projected to reach this year. India's government has now declared that it plans to hit $US5 trillion in another five years

Greater Pacific Capital, an Asia-focused private equity firm based in the UK, sees enterprise analytics as an area where growth in the East will do more than provide an opportunity set for global investors seeking new markets. In this case, it will change the very way global markets work. This viewpoint breaks down much of the macro logic behind Greater Pacific’s latest investment in Singapore-based number cruncher Near

OPIC will contribute to a USD 700 million fund established  by GPC to expand access for growing Indian companies operating in the healthcare, energy, technology, and services sectors                                                                 

Private equity firm Greater Pacific Capital (GPC) has received commitments of $300 million for the first close of a $700-million India-focused fund. The new fund will focus largely on investing in Indian companies having a global growth angle, unlike a lot of other PE firms which are focused on domestic consumption themes. It will look at sectors such as financial services, technology, pharma and services

Private investment firm Greater Pacific Capital (GPC) has partially exited its eight-and-half-year old investment in financial services firm Edelweiss Financial Services Ltd. The investor has clocked 4.5x returns in local currency and 3.4x in dollar terms from the latest transaction, as per VCCircle estimates

Greater Pacific Capital is exiting its two- and half-year-old investment in Torrent Pharma with around 2x net returns. It sold almost its entire 4.83% stake in the open market earning Rs 221 crore through a bulk deal at BSE

Greater Pacific Capital, a London-based private equity group set up by former Goldman Sachs bankers, has emerged as a surprise front-runner in the $5 billion (£2.5 billion) race for the generic drugs arm of Merck, of Germany, The Times has learnt. Greater Pacific established two years ago by Ketan Patel, Joe Sealy and Francis Crispino, is bidding jointly with Torrent Pharmaceuticals, of India. Their bid is being backed by Fortess Group and Tudor Investment, sources said

Surrounded by the stimulating atmosphere of the Salzburg Festival, the Trilogue Salzburg convenes leading thinkers, decision-makers and renowned personalities from the arts, civil society, business and politics to engage in cross-cutting, inter-cultural and future-oriented debate

Two experts on global economics tell Jason Nissé why the US and Europe can't keep up with a new global order driven by Eastern dynamism and the technological revolution

Near, the platform that uses AI to make real-world data actionable, announced today that it has raised $100 Mn in a new round of funding. The investment comes from London headquartered private equity firm Greater Pacific Capital (GPC)

Enzen Global Solutions, a global knowledge practitioner in the energy and utilities sector announced that it has raised in excess of US$100 million from Greater Pacific Capital

The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today signed a $125 million commitment with Greater Pacific Capital (GPC) to support growth capital to medium-sized companies in India. OPIC Counselor to the President Frank Dunlevy and Greater Pacific Capital Chief Executive Officer Ketan Patel signed the agreement in London