Key Highlights
- The year was marked by the return of large strategic transactions alongside active mid-market and private capital activity, reinforcing India’s position as a resilient and long-term investment destination.
- Mergers and acquisitions activity touched historic highs in 2025, recording 963 transactions the highest annual volume on record with total M&A value reaching USD 60.2 billion, the strongest level seen in the past three years.
- Fourteen mega deals valued at over USD 1 billion contributed USD 34.3 billion, accounting for 57 per cent of total M&A value and more than doubling the number of billion-dollar transactions compared to 2024.
- Commenting on the deal activity, Shanthi Vijetha, Partner Growth, Grant Thornton Bharat, said, “The deal landscape in 2025 marks a clear inflection point for India, where scale, strategy, and selectivity have converged.
- The resurgence of billion-dollar M&A transactions, record domestic consolidation, and value-led inbound investments reflecting growing confidence in India as a long-term strategic market rather than a tactical allocation.” At the same time, steady PE and VC deployment, alongside with a record-setting IPO market, reflects the depth and maturity of India’s capital ecosystem.