Indian companies are no longer the frogs in the well of the licensee-raj era. They have transformed into long distance birds, flying out of Indian business boundaries to find new markets and potential companies for acquisition, merger and investment.
A decade back, the news of acquisition overseas by an Indian company would have created ripples, generated glee as well as raised eye-brows; but now, it has become the trend and the norm. The confidence level of Indian companies has grown manifold, and they have become more adept at successfully acquiring and managing companies overseas. “Indian companies are now more experienced in dealing with overseas M&A transactions and are considered serious contenders for acquiring global businesses,” Mahad Narayanamoni, a partner in the corporate finance division of Grant Thornton, said in an article published in the Financial Times.