MUMBAI: Private equity (PE) funds have turned job providers in a market that has otherwise grown sluggish on account of a protracted economic slowdown. These funds hire professional managers to helm companies on various platforms. Several PE-backed companies such as Dixcy Scott, Mphasis , Essel Propack and Aadhar Housing have seen an uptick in mid- to top-level hiring.“There is an increasing demand for leadership talent from PE-backed high growth companies across sectors,” said Nagesh Wagh, managing partner, VitoAltor. “Our partner companies primarily focus on superior execution to grow and gain market share,” said Vishal Nevatia, managing partner, True North, an India-focused bulgebracket PE fund. Data show that PE investments into India have been steady in the past three years.

Source: Economic Times December 30, 2019 02:03 UTC