Infomedia is expected to show a very significant increase in revenue and profits in FY 2007, and will double its profits this year. The erstwhile ACC refractories, now Ace Refractories , is expecting to grow revenues by more than 20%, with exports growing by about 40%.Arun Natarajan is the Founder of Venture Intelligence, which tracks private equity and venture capital in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.
Meanwhile revenues at VA Tech WABAG are expected to grow at a rate of 30% over last year. MBOs, by the nature of their creation, are a high-risk category. And managing the MBO can be a tricky issue. As the Actis-PTL and Tata Infomedia-ICICI Venture buyouts have shown, existing managements can pose a problem.
...Things are also finally falling in place at Punjab Tractors, which saw a bitter battle for control with the previous CEO Yash Mahajan, till last year. Finally, Actis and the Burmans of Dabur now control the board, and the company has a new chairman in PD Narang of Dabur, and a new CEO too, in P Sivaram, the former CFO who has been pushed up to lead the tractor company.
November 19, 2006
Buyouts feature in Corporate Dossier
Economic Times' Corporate Dossier supplement has a four-part feature on buyouts in India and how they initial few deals have fared. (Part 1, part 2, part 3 and part 4.)