JPMorgan Anticipates Strategic Overseas Moves by Indian Firms
Deal News | Jun 19, 2025 | EIN
In light of growing confidence and systemic factors, JPMorgan anticipates an increase in outbound M&A activities by Indian firms, with most transactions expected to be mid-sized, ranging from $500 million to $1 billion. Ravi Shankar and Nitin Maheshwari, co-heads of JPMorgan's India investment banking, underline various trends including an uptick in outbound acquisitions focused on strategic and niche areas, particularly in manufacturing and electronics linked to the rare earth supply chain. Europe's family-owned businesses are likely targets for Indian companies due to the region's active M&A market. Furthermore, Indian indices like Nifty are predicted to continuously outperform global counterparts like the S&P 500, buoyed by strong domestic growth and a shift of savings into the capital markets.
Sectors
- Investment Banking
- Manufacturing
- Technology
Geography
- India – The article focuses on Indian companies and their M&A activities, highlighting trends and predictions for India's investment market.
- Europe – Europe is identified as a key region where Indian firms are looking to make strategic acquisitions, particularly in family-owned businesses.
Industry
- Investment Banking – The article focuses on the predictions and insights of JPMorgan, a major player in investment banking, regarding M&A activities.
- Manufacturing – Manufacturing is a key sector for Indian firms looking to expand through strategic overseas acquisitions, especially related to the rare earth supply chain.
- Technology – Indian companies are pursuing niche acquisitions in emerging technologies, showcasing a trend within the technology industry.
Financials
- $500 million to $1 billion – Expected range for Indian outbound M&A transactions.
- $60 billion – Amount shifted from traditional savings into capital markets in India, supporting market stability.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| JPMorgan | Investment Bank | Companies | JPMorgan is providing insights and predictions regarding the trend of outbound M&A activities by Indian companies. |
| Ravi Shankar | Managing Director and Co-Head of India Investment Banking | People | Ravi Shankar provides insights into the strategic focus of Indian firms on overseas acquisitions. |
| Nitin Maheshwari | Co-Head of India Investment Banking | People | Nitin Maheshwari elaborates on the trends driving Indian M&A activities, including outbound and inbound flows. |