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Investcorp, a trailblazing global investment manager specializing in alternative assets, has unveiled its latest feat in the Indian market. On July 4, Investcorp announced its infusion of Rs 500 crore (approximately $60.8 million) into NDR Warehousing, a dominant force revolutionizing India's warehouse development and operations. This strategic move follows Investcorp's pioneering role at the helm of a $55 million investment round for NDR Warehousing last year.
NDR, an unrivalled powerhouse, exhibits a well-diversified array of warehouse assets elegantly dispersed across 10 thriving Indian cities. From Chennai to Mumbai, the National Capital Region (NCR) to Bangalore, Pune to Coimbatore, and Kolkata, the NDR's expansive presence leaves an indelible mark. Currently boasting a remarkable 14 million square feet of operational assets, accompanied by an aggregate occupancy rate surpassing 95 percent and an additional 5 million square feet earmarked for construction or proposed development, NDR is actively considering listing of a fraction of its warehousing portfolio as an Infrastructure Trust (InvIT).
Ritesh Vohra, the visionary Partner and Head of Real Estate at Investcorp India, reaffirmed his profound faith in NDR's market leadership and exceptional performance. Vohra's resolute conviction in India's burgeoning warehousing sector fuels Investcorp's unwavering commitment. A promising future awaits, with a favourable market climate poised to be skilfully harnessed by NDR through a strategic InvIT listing. Niraj Sirsalewal, the astute Director of Real Estate at Investcorp India, accentuated Investcorp's unwavering dedication to the warehousing domain as a high-potential investment theme on a global scale. Sirsalewal further underscored the significance of fortifying and expanding the fruitful partnership with NDR. United in purpose, Investcorp and NDR strive to create a resilient and diversified warehousing platform that will redefine excellence within the Indian market.
The tenacious India Real Estate team at Investcorp remains steadfast in their pursuit of strategic investments in premier cities across the nation. To date, Investcorp has deployed an impressive sum exceeding $350 million across diverse sectors, including ground breaking ventures in warehousing, residential developments, and transformative social infrastructure initiatives. Beyond the realm of real estate, Investcorp boldly ventures into mid-market private equity undertakings, driving innovation and propelling growth across a myriad of sectors. From disruptive consumer tech solutions to visionary healthcare initiatives, from cutting-edge financial services to immersive retail experiences, and from trailblazing SaaS platforms to game-changing e-commerce ventures and technological breakthroughs, Investcorp's bold investments continue to shape India's dynamic business landscape.
Noteworthy investments over the past four years include Intergrow Brands, Freshtohome, Zolo Stays, InCred Finance, Citykart, Wakefit, InsuranceDekho, NephroPlus, Unilog, and XpressBees, serving as a testament to Investcorp's unwavering commitment to fuelling progress and inspiring success in India's ever-evolving business sphere.
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