Press Release
Blackstone, Kedaara Capital and Tata Capital Growth Fund were awarded as among the top Private Equity investors in India during 2024 as part of Venture Intelligence APEX‘25 Private Equity & Venture Capital awards event in Mumbai.
The Venture Intelligence “Awards for Private Equity Excellence” (APEX) is dedicated to celebrating the best that the Indian Private Equity & Venture Capital industry has to offer. The APEX Awardees are selected based on both Self Nomination by the participating PE-VC firms and "crowd sourced" voting from the Limited Partner, PE-VC and advisory communities. (The main criteria are Return Track Record, New Fund Raises & Follow-on Funding Rounds for Portfolio Companies)
PE Investor of the Year
Blackstone received the Private Equity Investor of the Year 2024 Award on the back of 6 part exits (with returns between 1.6x and over 7x) during the year. The companies that Blackstone exited from (partially during 2024) included International Gemological Institute and Aadhar Housing Finance (via IPO), VFS Global Services and ASK Investment Managers (via sale to other investors), Mphasis (via Public Market Sale) and Quality Care Hospitals (via Strategic Sale). Ganesh Mani and Mukesh Mehta, Senior Managing Directors of Blackstone, received the award on behalf of the firm.
Mukesh Mehta and Ganesh Mani of Blackstone receive PE Investor of the Year 2024 Award
from Raj Nair, Chairman, Avalon Consulting
Ganesh Mani, Senior Managing Director in Blackstone Private Equity, said: “We thank the jury for this incredible recognition of Blackstone’s efforts in India. This is our 20th year in India. Over this period, we have been committed to building businesses and creating lasting value for companies, our investors, and the Indian economy. We love the opportunities in India and will continue with our mission, identifying and partnering with visionary leaders to drive growth. We would also like to thank our ecosystem of aligned partners, management teams, and advisors.”
PE Fund Raise of the Year
Kedaara Capital received the PE Fund Raise of the Year 2024 Award on the back of closing its USD 1.73 Billion Kedaara IV, the largest fund raised by an India private equity firm.
Pratik Ajmera of Kedaara Capital receives the PE Fund Raise of the Year 2024 Award
from Anjani Bagaria, Director - Private Equity Advisory at TH Global Capital
“We are truly honoured to receive the PE Fund Raise of the Year award at the APEX’25 Private Equity - Venture Capital Fund Awards. This recognition is a testament to the trust and collaboration of our stakeholders - our investors (LPs), our portfolio companies, and our team - who have been instrumental in our journey,” said Manish Kejriwal, Founder and Managing Partner, Kedaara Capital. “We sincerely appreciate Venture Intelligence’s efforts in curating these awards and fostering excellence in the private equity and venture capital ecosystem. This honour reinforces our commitment to building meaningful partnerships and driving long-term value creation.” he added.
MidMarket PE Investor of the Year
Tata Capital Growth Fund received the MidMarket PE Investor of the Year 2024 Award on the back of its exit, via Public market sale, from Tata Technologies. Akhil Awasthi, Managing Partner, Tata Capital Growth Fund - along with team members Pramod Ahuja and Sanjay Chaudhary. - received the award on behalf of the firm.
Akhil Awasthi, Pramod Ahuja and Sanjay Chaudhary from Tata Capital Growth Fund receive MidMarket PE Investor of the Year 2024 Award
from Vishal Mahajan, Director, Brand Capital
“We are honoured to be recognized by Venture Intelligence and industry peers for our commitment to value creation and sustainable growth. This award is a testament to the hard work and dedication of our team, whose expertise and relentless efforts drive the funds’ success,” said Akhil Awasthi, Managing Partner, Tata Capital Growth Fund. “We also extend heartfelt gratitude to our investors and portfolio companies for their trust and support. We remain steadfast on delivering long-term impact through disciplined and strategic investing,” he added.
Venture Intelligence is India's longest-serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital, and M&A) & their Valuations in India.