Lack of exits and poor returns have been the biggest bane of private equity (PE) firms in India. While returns remain an issue, PE funds in India have returned around $18 billion to investors in the past two years — $8.12 billion in 2015 and $9.77 billion in 2016, according to research firm Venture Intelligence.
A PE firm estimate exits of $10.9 billion in 2015 and $9.8 billion in 2016. Exits as a percentage of investments increased from 43 per cent between 2006 and 2010 to 53 per cent between 2011 and 2016, despite a spurt in investments in the past