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
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Committee for Members in Industry (CMII) & Committee on Financial Markets and Investors’ Protection |
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Of
I.C.A.I. |
Dear Members,
1st and 2nd August 2008 were Great Days , in the history of
PE education in
Some Excerpts From the Seminar
Rs. 40000 Crores already invested in 
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.
Income Tax Benefits
Advantage to the Venture Capitalist =
Zero income tax for the "fund", on the profits
derived from the fund.
Key Words of Wisdom
k
Bringing business
from 0 to 100 cr was possible
k
But taking from
100 to 1000cr is a different ballgame
k
One individual cannot do this
k
Two or three
partners cannot do this.
k
One joint family
cannot do this
You need more people
k
You reached Rs. 0
to Rs. 100 crores with 100 people
k
Now, next
increase from Rs.100 Cr to Rs. 500 Cr needs 500 more people.
k
You cannot have a
personal eye
k
You cannot have a
personal rapport
k
You need
corporate governance,
k
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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