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Private equity firms see gold in mid-size Indian IT firms see faster growth

PE-backed firms see faster transformation compared with large listed peers

Private Equity
Private Equity

Indian IT firms, especially in the mid-tier segment, have seen a rise of private equity firms placing stakes on them. While faster technology at mid-size IT services companies have attracted PE firms such as Blackstone, Carlyle, ChrysCap, Bain Capital, The Baring Asia and others to invest in the sector; PE-backed companies have seen faster growth at a time when their large listed peers slowed down due to uncertain market. Take the case of ChrysCapital. The Mauritius-based PE firm, which has earned significant returns from companies such as HCL Technologies, Infosys, Mphasis ...