India Inc is ready for mergers and acquisition (M&A) deals all over the world, said a panel of industry stalwarts at Nasscom 2011. The session, titled ?Building global businesses ? strategies in the near term? highlighted that what really makes an M&A work is the level of empathy both parties have towards each other. If the question of goals and strategies is not addressed efficiently, then collaborations might not work out. Speakers said a lot of effort goes behind understanding each other and the HR department plays a vital role in this.
The acquiring company should be people centric, open and transparent. CP Gurnani, CEO, Mahindra Satyam, categorised companies into two – welcoming and skeptic. ?You must conquer hearts than minds. Because all you acquire is people with skills and for some reason, if people leave an organisation, then you just end up acquiring tables and chairs,? Gurnani pointed out. With an M&A, Gurnani said one must strive to be a world class organisation. ?India Inc is relatively young in terms of going for global M&A deals. However, we have been successful. But these stories were only heard after 1993-1994. It?s not only because we have deep pockets but also because we use a globalised strategy. India Inc is not just ready but has also learnt its required lessons well in time,” Gurnani added.
Giving his own example, he said that a good corporate legal team is one which not only protects the interest of the company but also quantifies the risk. ?Bankers and our legal team made us realise what a strategic deal Mahindra Satyam would be for us,? he added.