The month of July and August has transformed Wall Street into overtime working office thanks to the number of mergers and buyouts which are happening. McAfee, Hewitt Associates, 3Par have all become fully owned subsidies of Intel, Aon and Dell and more deals are in the offering which could see the merging of big names. The recent acquisition of CAIRN India by Vedanta also made the global headlines.
I was struck by the amazing pattern of mergers and was curious to find mergers or acquisition news between Indian companies and found that the only approved major merger was between Bank Of Rajasthan and ICICI bank and nothing else which is clear indication of our conservatism
It struck to me the essence of a business to an individual or an organization is much more than an entity to an Indian context there have been very few investors who have sold their company when it was making profits and was doing well. Mostly company sell of the loss making arm or the non profit one. Rarely has there been a breed of entrepreneurs who have dreamed about being a serial entrepreneur like H Ross Perot who created Successful enterprises like EDS and Perot systems which were later sold off to HP and DELL. Somewhere we romanticize about our organizations as a part of us and our social system and dream of the generations to follow be associated with it and that is why we have family run businesses which may not always look at profit maximization but more for social existence and the pride associated with it.
The day India will progress is when it starts treating business like an entity and not as an extension of themselves and their Identity. We may grow more if we could find serious innovators who could become serial entrepreneurs
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