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Seminar at Hotel JW Marriott - Juhu, Mumbai

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Summary of Events
At the “2 Days Extensive Workshop on Private Equity ".
1st and 2nd August 2008, Hotel J W Marriot , Mumbai

Dear Members

1st and 2nd August 2008 were Great Days , in the history of PE education in India , with, almost 350 Chartered Accountants from the Industry and the Practice, met together and interacted on the hot topic of the day – “Private Equity”.

Some Excerpts From the Seminar

Rs. 40000 Crores already invested in India , via Private Equity Route , in last 5 years. When Stock markets are not doing fine ( as is the fact today ), the PE route is even more important for the businessmen.

Key Words of Wisdom

• Bringing business from 0 to 100 cr was possible
• But taking from 100 to 1000cr is a different ballgame
• One individual cannot do this
• Two or three partners cannot do this.
• One joint family cannot do this

You need more people

• You reached Rs. 0 to Rs. 100 crores with 100 people
• Now, next increase from Rs.100 Cr to Rs. 500 Cr needs 500 more people.
• You cannot have a personal eye
• You cannot have a personal rapport
• You need corporate governance,
• You need systems

Key Words – Merits of PE

• PE makes company more efficient
• PE improves in method of management
• PE brings better people, better systems
• PE help you grow.

Key Words – Demerits of PE

• PE are bad-mouthed as fair weather friends,
• PE are asset strippers
• PE can sell away the company
• PE force labour layoffs

Both are correct, but usually, PE never has time or inclination to disturb the apple cart. He wants to increase value, and exit like a gentleman. ( usually !!! )

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Committee for Members in Industry (CMII)

&

Committee on Financial Markets and Investors’ Protection

Western India Regional Council

Of

I.C.A.I.