Major overseas deals by Indian companies
Indian companies are increasing their overseas purchases as growth at home slows and global expansion becomes more attractive.
Sun Pharmaceuticals recently agreed to buy New York listed Organon & Co for $11.75bn. This is one of the largest foreign acquisitions by an Indian firm in nearly twenty years.
Other major deals include Tata Motors acquiring Turin based Iveco for $4.4bn. Coforge also bought Silicon Valley based AI company Encora for $2.35bn. Bajaj Group purchased a 23 percent stake in Allianz SE earlier this year.
Rising outbound investment trend
Outbound deal activity from India has picked up strongly. Consultancy data shows 162 Indian firms spent over $18bn on foreign acquisitions in 2025. This marks a 34 percent rise compared to last year.
Industry experts say the momentum is strong and could exceed $15bn in deal value in just the first half of this year.
Shift from earlier global expansion phase
This wave of overseas buying brings back memories of earlier global expansion by Indian conglomerates. Two decades ago, major groups like Tata made large international bets, including Jaguar Land Rover and Corus Steel.
However, the current phase looks different. Companies are not only seeking global status. They are also focused on operational needs and long term strategy.
Weak domestic investment pressures firms
India’s economy is facing slower foreign investment inflows and weaker private sector investment. This is happening despite tax relief and production linked incentives from the government.
Corporate profits among top firms have grown strongly in recent years. However, overall private investment has not matched that pace.
Why companies are looking abroad
Many businesses are choosing international expansion due to easier access to land, capital, and markets in other countries.
Experts note that Indian firms are building factories in places like the United States, where setup conditions can be more flexible and financing more accessible.
Companies are also acquiring foreign firms to access technology, research capabilities, established brands, and global distribution networks.
Even mid sized firms are joining this trend, not just large conglomerates. Stronger balance sheets and better access to global funding are also supporting this shift.
