Goldman Sachs rejigs regional PE ops; bullish on India

Goldman Sachs has clubbed three regions together which includes Asia (excluding Japan), Japan and India. These three regions will be headed by two people.

Ankur Sahu will head private equity portfolio in India. Sahu has already been moved to India to handle and crack deals. In the last one month, Sahu has bagged two large deals and is currently working on four potential deals each worth over USD 150 million. To scale up India operations, Goldman Sachs has moved its employees from China, Japan to India.

Sources say, Goldman Sachs has increased their headcount in Mumbai from current 100 to 150 employees. The company also plans to add another 100 employees within the next one or two quarters.

“Board meeting in India reinforced the potential that India currently holds" an official statement said. Goldman Sachs has confirmed that they met couple of clients and the Prime Minister to discuss the strategy for India. The company is clearly bullish on India.

Despite the fact that investment banks globally are retrenching and cutting down costs, In India, the talk has been about investment banks slowing down; probably selling out altogether. Here is a company that despite global issues is very confident about India’s growth.

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