New Delhi, Jan. 27 -- UK-based private equity firm Aurea Group, which rescued London-based The Body Shop last year, is in the process of deploying $3-5 billion into more beauty brands, its Indian-origin founder Mike Jatania said.

Jatania, who is in India this week, added that The Body Shop was grossing $1 billion in annual sales and turning its focus on India as it sees the country as a top five global market for the beauty business.

"India is very much at the top of our global growth strategy. We hope that in the coming years, India will move into the top three markets for us," he toldMint, addingthat the company was launching a new product line in the country before exporting to the rest of the world.

"We're also excited about quick ...