India’s M&A Sector Soars: Q3 2025 Sees Record-Breaking Deals Worth USD 39.9 Billion
India’s mergers and acquisitions landscape witnessed a remarkable resurgence in Q3 2025, driven by robust domestic consolidation and increased investor confidence. Here are the key highlights :
Deal Value: USD 39.9 billion, the highest since Q1 2022
Number of Deals: 688 transactions, marking an 8% year-on-year rise
M&A Activity: USD 22 billion across 263 transactions, registering a 311% jump in value and 34% rise in volume compared to Q2 2025
Key Sectors Driving Growth:
Manufacturing: USD 8.6 billion, led by Schneider Electric’s USD 6.4 billion acquisition
Technology: 79 deals worth USD 1.4 billion, fueled by India’s digital transformation
Energy and Power: USD 20.5 billion in deals, driven by India’s push for renewables and strategic portfolio realignments
Pharmaceuticals: Torrent Pharma’s USD 1.4 billion acquisition of JB Chemicals & Pharmaceuticals
Investor Confidence:
Private Equity 366 deals worth USD 6.7 billion, with early-stage investments dominating nearly 80% of total activity
Foreign Investors: Strong interest in India’s high-growth potential and technology-driven sectors
Future Outlook:
Positive Momentum: Expected to continue, driven by domestic reforms, policy stability, and India’s growth story
Challenges: Global volatility and tariff policies may impact deal-making strategies