Which states and cities have made the highest deals in private equity in the first half of FY25?

A report by 360 One Wealth shows that Karnataka, Maharashtra and Haryana have recorded the highest number of deals in private equity during the first half of the current financial year from April 2024 to September 2024. Karnataka has seen the highest number of private equity deals during this period at 161.

Maharashtra is second on the list with 147 deals during this period while Haryana is a distant third with 72. Delhi and Telangana complete the top 5 with 59 and 32 deals in private equity during this period, respectively.

Compared to the first half of the last financial year i.e. FY24, Karnataka has seen a 13% increase in number of deals from 142 to 161. Delhi has seen a very marginal increase in number of deals from 58 to 59 while Haryana has seen a similarly marginal decrease in deals from 73 to 72.

Telangana and Maharashtra, on the other hand, have seen noticeable decrease in number of deals in comparison. While Telangana has seen a decrease of about 18% in its number of private equity deals from 39 to 32, Maharashtra has seen an 10% decrease from 163 to 147.

Let us look at the table to know more.

Deal value in private equity

When it comes to deal value of the private equity deals in this six-month period, the top spots are reversed. Maharashtra is the leader with deals of Rs. 35100 crore while Karnataka occupies the second spot with deals of value Rs. 17,500 crore.

Delhi is third with deals of the value of Rs. 6,900 crore while Telangana has come fourth with PE deals of Rs. 6,300 crore. Haryana completes the top 5 with deal value of Rs. 5,000 crore.

In comparison to the first half of the last financial year, Delhi and Karnataka have seen an increase in deal value. While Delhi has seen an increase of 38% from Rs. 5,000 crore to Rs. 6,900 crore, Karnataka has seen an increase in deal value by 27% from Rs. 13,800 crore to Rs. 17,450 crore.

On the other hand, Telangana has recorded the biggest decrease in deal value. The value of private equity deals of the state has decreased by 34% from Rs. 9,500 crore to Rs. 6,300 crore. Maharashtra has recorded a 17% decrease in deal value from Rs. 42,200 crore to Rs. 35,100 crore. Haryana has also seen its PE deal value decline by 10% from Rs. 5,500 crore to Rs. 5,000 crore.

Let us look at the table to know more.

Top 5 cities

Bengaluru is the city with the most PE deals in the first half of the current financial year at 160. Delhi-NCR is at the second spot with 154. Mumbai is a distant third with 109 deals.   

Hyderabad and Pune complete the top 5 with 32 and 25 deals, respectively.

In comparison to the first half of the last financial year, Bengaluru has seen an increase in number of deals by 15% from 139 to 160. Pune has also recorded a marginal 4% increase in deals from 24 to 25.

Mumbai, on the other hand, has seen an 11% decrease in number of deals from 123 to 109. Delhi-NCR and Hyderabad have a seen a marginal 3% decrease in number of deals from 158 to 154 and 33 to 32, respectively.

Let us look at the table to know more.

Top 5 cities by deal value

When it comes to deal value, Mumbai has recorded the highest value at Rs. 39,100 crore. Delhi-NCR is second at Rs. 21,300 crore while Bengaluru is third at Rs. 13,800 crore.

Hyderabad and Pune complete the top 5 with deal value of Rs. 7,100 crore and Rs. 3,900 crore, respectively.

In comparison to the first half of the financial year, Mumbai has seen an astonishing 685% increase in its PE deal value from Rs. 5,000 crore to Rs. 39,100 crore. Pune has also recorded an impressive 61% increase from Rs. 2,400 crore to Rs. 3,900 crore. Bengaluru has seen a marginal increase of 1% from Rs. 13,700 crore to Rs. 13,800 crore.

On the other hand, Delhi-NCR has seen a 49% drop in its deal value from Rs. 42,200 crore to Rs. 21,300 crore. Hyderabad has also seen its deal value fall from Rs. 9,500 crore to Rs. 7,100 crore comparatively.

Let us look at the table to know more.