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 continues to advise on a number of India’s most significant transactions, including:
- $7 billion rights issue for Reliance Industries in 2020, the largest ever rights issue for an Indian corporate
- ArcelorMittal’s $7 billion acquisition of Essar Steel in 2019, the largest-ever inbound metals & mining acquisition and the largest successful bankruptcy resolution transaction in India
- Flipkart’s $17 billion sale to Walmart in 2018, the largest-ever M&A 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 6,000 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.
Goldman Sachs has identified Hyderabad as a third location to grow its footprint in India. A new office is expected to open in the second half of 2021.