Goldman Sachs has been serving clients in India since the early 1990s and established an onshore presence in Mumbai, India in December 2006 following a ten-year joint venture.
Today, our businesses serve leading corporate and institutional clients through corporate finance advisory, equity sales and trading and fixed income securities businesses, as well as providing macro-economic and investment research.
The firm has advised on a number of India’s most significant transactions, including:
- Flipkart’s $17.0 billion sale to Walmart in 2018, the largest-ever M&A in India
- Daiichi Sankyo’s $3.2 billion stake of sale of Sun Pharmaceutical in 2015, the largest-ever block trade in India
- ICICI Bank’s $5.0 billion follow on offering in 2007, the largest-ever follow on offering in India
Goldman Sachs is also an active investor in India, deploying more than $3.6 billion in capital since 2006.
Investments include ReNew Power, a leading independent power producer with one the country’s fastest-growing wind and solar power platforms, and Global Consumer Products, a leading consumer brands and confectionaries company.
In 2004, Goldman Sachs opened its office in Bengaluru. Today, as an integral part of the firm’s global activities, the Bengaluru office with approximately 5,000 professionals is one of the firm’s largest offices in the world.
In 2014, the firm broke ground on a new campus in Bengaluru and invested approximately $250 million on the construction and the completion of a state of the art complex, which was opened in May of 2019.