Bahrain-based alternative asset manager, Investcorp, has announced its acquisition of the digital technology business of India’s National Stock Exchange (NSE) for a sum of US$ 120 million. The acquisition marks a significant move for Investcorp, aligning with its strategy of investing in technology and IT services companies globally, with a particular focus on the US market. NSEIT, the digital technology arm of India’s leading stock exchange, offers cutting-edge digital transformation and cybersecurity solutions to clients across various sectors, including capital markets, insurance, and banking, spanning regions such as India, North America, and the Middle East.
With a strong emphasis on digital engineering, data analytics, artificial intelligence, cloud services, and cybersecurity, NSEIT has witnessed remarkable growth, boasting a compound annual growth rate of over 50 percent in the past four years. Investcorp’s decision to acquire NSEIT underscores its commitment to expanding its footprint in the technology sector, leveraging the expertise and market presence of established players like NSEIT to drive further growth and innovation. The move also reflects Investcorp’s broader investment strategy, which encompasses both asset-light (private equity) and asset-heavy (real estate) sectors in India’s thriving mid-market landscape.
Investcorp’s investment in NSEIT adds another milestone to its portfolio of investments in India, where it has been a significant player in both private equity and real estate sectors. With assets under management totaling US$50 billion across the GCC, the US, Europe, and Asia, Investcorp’s acquisition of NSEIT reaffirms its position as a key player in the global alternative asset management space. The Bahraini company’s strategic focus on technology and IT services aligns with the growing demand for digital solutions worldwide, offering promising opportunities for continued growth and success in the evolving landscape of digital transformation and cybersecurity services.