Investcorp successfully exited its investment in Safari Industries, achieving an IRR of over 100% and realizing a 3.8X return on capital.

Target Company Overview

Safari Industries is a publicly listed company that operates in the luggage manufacturing sector in India. Founded with the vision to create high-quality travel solutions, the company has established itself as a leading brand in the luggage industry, catering to a diverse customer base. Over the years, Safari Industries has focused on expanding its production capabilities and retail presence across both urban and underserved markets in India, making it a trusted choice for travelers.

Under Investcorp’s ownership since February 2021, Safari Industries successfully increased its production capacity and expanded its footprint, leading to significant growth during this investment period. The company’s commitment to quality and innovation has solidified its reputation in the market, contributing to its impressive performance and growth trajectory.

Industry Overview in India

The travel and tourism sector in India has seen robust growth, primarily driven by the rising disposable income and changing consumer lifestyles. As international travel resumes post-pandemic, there is an inc