India Inc. Going Global: The M&A Way

Many Indian firms have chosen the Mergers and Acquisitions strategy to expand their business abroad. Tata’s acquisition of UK-based firm Tetley was India Inc’s first overseas big ticket acquisition. Since then, more firms have joined in the acquisition spree. Indian companies in every sector, be it FMCG/FMCD, IT, Pharma, Financial, Auto or Auto components, are acquiring firms abroad. Acquisition gives instant access to new products, markets, technologies, distribution network and well-established brands. In the past, a few Indian companies were acquired by foreign firms but now it is the turn of Indian companies to acquire firms abroad. This acquisition trend clearly shows the emergence of many Indian multinationals and their hunger for growth. It also shows the mettle of Indian firms whether in acquiring firms or turning them around. Acquisition does not come up the easy way. Indian companies have to compete with other contenders to bag the acquisitions. Once acquisition is over, the company has the task of absorbing the acquired company into its fold. Many Indian companies have stunned the corporate world by acquiring firms larger than their size. The book "India Inc.Going Global: The M&A Way" throws light on the current scenario in India Inc.’s overseas acquisitions, major acquisitions in a particular sector and companies’ experiences in acquiring firms abroad. This book will be of interest to business students, professors and corporate executives.