PE, VC-backed firms growing faster than their peers: Study

Posted: 2007-01-18 00:00:00+05:30 IST
Updated: Jan 18, 2007 at 0000 hrs IST

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Mumbai, Jan 17: Private equity and venture capital-backed companies are growing faster compared to their non-private equity-backed peers as well as market indices like the Nifty and CNX Midcap, according to a study released by Venture Intelligence, information and networking services provider to the private equity and venture capital ecosystem in India.

The report also shows that wages at PE/VC-backed companies are growing at a significantly higher rate compared to their peers who are not PE-backed. Sales at publicly-listed PE-backed companies grew at 22.9% over the five year period between 2000 and 2005, compared to 10% at non PE-backed listed firms and 15.8% at Nifty Index companies. Wages at publicly-listed PE-backed companies grew at 32% over the five year period between 2000 and 2005, compared to 6% at non PE-backed listed firms and 16% at Nifty Index companies. The study was conducted under the guidance of Prof. Amit Bubna of the ISB, Hyderabad.