Torbjorn Caesar coverage in The Economic Times: India is one of the best places to deploy capital, says Actis chairman Torbjorn Caesar
Actis Chairman, Managing Director and CEO, Torbjorn Caesar, provided a in-depth interview to The Economic Times about Actis’ view on the Indian infrastructure market and the firm’s investment plans for the region. Click here to read the full article and read on below for a snapshot of Torbjorn’s comments.
Torbjorn Caesar, Managing Director, CEO and Chairman at Actis, commented:
“When we invest, we always start with the exit in mind, and ask what the business will look like when we sell it. We build platforms with scale, growth and diversification, investing in assets valued on discounted cash flow but aiming to exit at an ebitda multiple. Then we consider who will buy it, because a deep and vibrant market delivers better exits and India offers that.
“Ours is a micro business, bottom-up and highly selective. I’ve chaired over 1,000 investment committee meetings over 23 years, reviewing hundreds of deals, each going through a seven-step process. The deal teams compete for capital and we allocate based on risk-return, not geopolitics. Of course, we assess every opportunity for political, regulatory and transparency risk, but we don’t reallocate capital reactively.
”In the infrastructure sector alone, we’ve invested over $2 billion in India so far, primarily across energy, renewables, roads and transportation. We now plan to expand into newer areas such as digital infrastructure. While we don’t follow a top-down approach or set fixed country targets, the amount we deploy in India will certainly exceed what we’ve invested in the past. We also have deep local experience and a strong team here. So, the likelihood of more capital being allocated to India is very high. Over the past 23 years, India has been among our top markets, with several successful exits to show for it.”
Disclaimer
The statements contained herein regarding the Indian market are as of October, 2025 and represent the views of Actis which is not research and should not be treated as research. Historic market trends are not reliable indicators of actual future market behaviour or future performance of any particular investment which may differ materially and should not be relied upon as such. Moreover, there is no assurance historical trends will continue. The case studies and timelines referenced herein are presented for informational purposes only and were selected to demonstrate the type of investments that Actis will seek to make. A prospective investor should not rely on the included transaction characteristics when making a decision on whether to invest. There can be no guarantee that transactions with similar characteristics will be available to Actis. Latest deal updates are for discussion purposes only. They are not indicative of future results. Past performance is not a guarantee, projection or prediction and is not indicative of future results. Nothing herein constitutes a guarantee, projection or prediction. There can be no assurance that investments would be profitable or avoid substantial losses.