Archive · 25 Jan 2026
Moelis India CEO Predicts Private Credit Surge
Manisha Girotra, the CEO of Moelis India, thinks that private credit is becoming very popular in India.
Private credit is different from regular bank loans because it can be adjusted to fit different levels of risk.
This makes it attractive for big deals.
Right now, India's private credit market is small, but it offers higher returns, which is why more people are interested.
Girotra also believes that in the future, there will be more deals in areas like renewable energy, artificial intelligence, and healthcare.
She says that the growing middle class in India will drive a lot of this activity.
Overall, she sees a bright future for private credit and other investment opportunities in India.
India's private credit market is growing due to its flexibility and higher yields compared to traditional bank loans.
Private credit yields in India range from 14% to 22%, significantly higher than bank and finance company yields.
Adani Airports and Manipal Group have recently secured large private credit investments.
Competition from other forms of capital has intensified, but private credit is expected to play a larger role in the future.
Girotra predicts increased deal activity in renewables, AI, data centres, and healthcare sectors.
- Who
- Manisha Girotra, CEO of Moelis India
- What
- Predicts a surge in private credit and increased deals in AI, data centres, and healthcare
- When
- Current and future trends
- Where
- India
- Why
- Flexibility and higher yields of private credit compared to traditional bank loans
- Private Credit Market Size
- $25-30 billion (FY25-end)
- Private Credit Yields
- 14% to 22%
- Bank Yields
- 8% to 10%
- Finance Company Yields
- 10% to 13%
- Adani Airports Refinancing
- $750 million
- KKR's Investment in Manipal Group
- $600 million
- India's Data Centre Capacity Growth
- 5x by 2030
- India's Pharma Sector Investment (2025)
- $8.3 billion