Shyam Maheshwari on the Role of Private Credit in India's Economic Recovery

Shyam Maheshwari, CEO and Founder of SSG Capital Management, shares insights on India's evolving credit landscape post-pandemic. With over 17 years of experience, Maheshwari has seen how India's economy has been traditionally dominated by banks and non-banking financial companies (NBFCs). Yet, as businesses recover from COVID-19 disruptions, there's a growing demand for private credit to support expansion and long-term growth.

He notes that while PSU banks and NBFCs have faced challenges in recent years, private credit has emerged as a key player in filling the gap. Globally, private credit has become the fastest-growing alternative asset class, especially since the 2009 financial crisis. In India, as traditional lenders navigate regulatory pressures and non-performing assets (NPAs), private credit is seen as a viable solution for companies seeking growth capital.

Shyam Maheshwari SSG explains that India, with its $3 trillion economy, has massive potential for private credit to flourish. He foresees opportunities for significant investment, estimating $25-100 billion over the next 4-5 years, potentially surpassing the size of the private equity industry. As businesses navigate this "next normal," private credit could be the catalyst for unlocking new opportunities and driving sustainable growth.