At the IVCA Buyouts Summit 2026, leading private equity leaders discussed strategies for creating value in portfolio companies and the evolving dynamics of India’s buyouts ecosystem. A panel discussion titled “Value Creation Playbook for Indian Buyouts” featured: Amit Dalmia, Senior Managing Director, Blackstone; Ashish Kotecha, Partner, Bain Capital; Parampreet Singh Bhasin, Managing Director and Head, Enhancin – Portfolio Value Creation, ChrysCapital; and Anurag Gupta, Leader, EY-Parthenon India, who served as the moderator. The panelists explored best practices in deal execution, operational improvement, and exit preparation.

During the discussion, the speakers shared insights on specific strategies employed by private equity firms to create value, covering the full buyout cycle from strategy development and execution to exit preparation. The panelists put forward their perspectives on operational improvements, governance, and growth initiatives:

Amit Dalmia, Senior Managing Director, Blackstone, said, “Blackstone’s business‑building approach has led us to pioneer control‑oriented investing, enabling us to take large, active ownership stakes in high‑quality businesses. Over the past decade, we have completed more than 40 control investments across Asia within our private equity business, with India emerging as one of our most successful markets globally. During this time, private markets have evolved meaningfully – companies and founders are increasingly comfortable partnering with private equity firms that bring deep operational capabilities, management expertise, and a long‑term approach to value creation that extends well beyond the equity invested.”

Ashish Kotecha, Partner, Bain Capital, spoke about how disciplined value creation frameworks and early alignment with management teams have become central to successful buyouts. He added, “Our approach has evolved from minority investments to control buyouts, with a dedicated portfolio team embedded in our companies. The key is that value creation starts from day one—aligning with management teams, setting up structured frameworks, and continually refining strategies as the business and environment evolve. The portfolio team acts as a quarterback, ensuring the plan remains dynamic and actionable throughout the investment cycle.” 

Parampreet Singh Bhasin, Managing Director & Head – Enhancin (Portfolio Value Creation), ChrysCapital, highlighted the evolution of operating models in Indian private equity and the growing emphasis on execution and shared risk-taking in buyouts. He said, “At ChrysCapital, our journey mirrors the evolution of the Indian private equity market. We built operating capabilities nearly a decade ago to enhance value creation in buyouts, focusing on operational diligence, management strengthening, and identifying non-conventional levers for growth. A buyout mindset means becoming the primary risk taker while partnering with the management team to unlock untapped potential.”

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Anurag Gupta, Leader, EY-Parthenon India, underlined how buyouts are enabling private equity firms to move beyond growth capital and play a more active role in governance, leadership, and long-term value creation. He said, “Private Equity investments in India have moved decisively from only providing Growth Capital to become holistic Partners with the business Owners to drive greater value creation. This has meant doing a lot more Buyouts rather than just minority investments. Buyouts has helped them drive best practices in corporate governance, strengthen leadership and talent needs of the business, leverage Technology and thereby execute a clear Value Creation Plan from Day One.”

The panel also highlighted the importance of talent development and structured processes in enhancing portfolio company performance, ensuring value creation for investors and stakeholders.

The discussion concluded with reflections on the evolving buyout landscape in India, where increasing deal complexity and longer investment horizons require a robust value creation approach. The panelists emphasized that strategic interventions across operations, governance, and digital transformation are central to achieving sustainable growth and preparing companies for successful exits.