GuarantCo to Boost India Exposure, Targeting $500 Million in Guarantees by 2027
GuarantCo, the credit-guarantee arm of the Private Infrastructure Development Group (PIDG), is set to scale up its operations in India, with plans to make the country its largest Asian market within the next three years. Backed by governments including the U.K., Switzerland, Australia, and France, PIDG focuses on mobilizing capital for sustainable infrastructure projects across emerging markets.
According to Nishant Kumar, Managing Director of Asia Investments at GuarantCo and Asia Head of Coverage at PIDG, the firm expects to deploy around $500 million in guarantee capacity in India by 2027, including current commitments. GuarantCo, which provides partial credit guarantees to lower-rated firms in Africa and Asia to enhance their access to institutional funding, has already underwritten $1.5 billion in credit guarantees globally, with $120 million allocated to India so far.
The increased focus aligns with India’s efforts to strengthen its credit enhancement ecosystem and attract greater foreign investment, particularly in climate-related initiatives. GuarantCo recently provided a 65% guarantee for a ₹1.5 billion green bond by Muthoot Capital Services, marking its third capital market transaction in the country. The firm aims to provide about $150 million in guarantees for 2026, supporting India’s clean energy transition and net-zero ambitions.
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