A job here can certainly raise your personal equity. It isn?t only CEOs who are making the move to private equity (PE) firms. Fast-rising, mid-career folks are lining up, too, joining such firms as partners to review companies? strategies and hunt for deals.
Interest has gone through the roof, according to industry players. Says Ashish Arora, MD of human capital consulting firm HR Anexi, ?The attractions are two-fold: money, along with a huge bonus and an opportunity to work across industries. The salary of a CEO at a PE firm would range anywhere between $0.5 million and $1 million per annum.?
Some of the world?s largest PE firms, including Blackstone and Carlyle, have a presence in India and have been active in deals in the Indian corporate sector. Other players include Warburg Pincus, Temasek and Baring Private Equity. The boom in the Indian economy is leading to huge wealth creation, which entices PE players to invest in the country. In 2007, the PE space witnessed 386 deals in India valued at $17.14 billion.
?We have witnessed the Sensex moving from 8,000 to 20,000 plus. Every equity is doing well and the prices of scrips are going up effortlessly. Getting good returns in a short span of time is attracting the best talent into this sector,? said Tapesh Sengupta, MD, CHR Global, an HR consultancy firm. The pay is ?outrageously good? and according to experts, is likely to increase 20-25% in coming years.
INX Executive Search Firm in the last year has been approached by 15 PE firms for senior-level appointments. ?The demand for CEOs in the PE sector is growing day by day. Among Asian countries, India and China, with their booming economies, are attracting many PE players,? said Purnendu Shekhar, group account manager, INX Executive Search Firm.