Rothschild is reportedly expanding its investment banking business in India with the addition of more than half a dozen staff as the country continues to outperform other capital markets.
Rothschild plans to add seven employees in India, according to a “Bloombergreport quoting the country’s chief executive Alok Shah. This will include hiring analysts at VP levels in the healthcare and technology sectors.
Currently, Rothschild has a total of 18 employees in India, where its revenue has doubled over the past five years to become the largest contributor to its business in Asia.
The expansion coincides with growing Indian deal activity – a stark contrast to gloomier global markets – and Rothschild expects the momentum to continue. He estimates an additional $5 billion in deals will come from the country’s renewable energy sector alone over the next 12 months.
“It will be more of a national consolidation game with multiple global funds looking to buy large renewable energy platform assets,” Shah said. “Among renewable energy companies, we will also see a consolidation of companies that supply electricity to central buyers. We will see a lot of fundraising as well as strategic interest in these companies.”