Mumbai, Feb. 4 -- India's scale and growth, combined with increasingly sophisticated capital markets, have helped Warburg Pincus's India franchise to become the firm's largest investment destination outside US, senior executives said at a media roundtable in Mumbai on Wednesday.

"India is the largest private equity destination for us outside the US. It's always been one of our most important markets globally. In many ways, I think our presence in India and the ecosystem that we've created here may be one of the most defining features of the firm more broadly, not just inside India, but outside of it," Chip Kaye, chairman, Warburg Pincus, said.

Kaye and Jeffrey Perlman, the firm's chief executive, along with other senior management, are ...