Mumbai, Dec. 6 -- Bain Capital is looking to deploy around $1 billion in Indian companies over the next three years, underscoring the private equity firm's bullish stance on this market despite the current economic downturn.

The US-based PE investor, which raised its fourth Asia-focused fund, the biggest so far, at $4.65 billion, has been a major investor in the country.

"If you look at over the last seven years, we have invested over $2.5 billion and are one of the biggest investors in the country. There is no reason why we cannot keep investing in India at the same pace," said Amit Chandra, managing director and chairman of Bain's India office.

Chandra said Bain's focus on India will be on writing a few large cheques.

"Our investments...