Ninety percent of the businesses in India are family owned. About 30% of the family businesses listed on the Indian bourses got listed post liberalization in 1991. The first generation founder would still be actively involved in most of these companies considering the average age at which entrepreneurs start a firm to be 40 and the average retirement age for founder promoters to be 75.
Similarly, IndiaBizforSale.com is a platform for SMEs where entrepreneurs can buy and sell businesses online. Apart from just buying and selling, the platform also enables Mergers and Acquisitions (M&A), Joint Ventures, Equity stake sale (to raise funds), Partnership and Leasing. The founders Haripriya Bhagat and Bhavin Bhagat say that currently most of their clients belong in the range of INR 1 Cr. – INR 25 Cr. as traditional investment bankers do not find this segment attractive enough. Read More