Operational Focus: India Mein Sabse Zyada Chal Raha Hai!
Bhai, yeh jo Asia Pacific mein private equity ka scene chal raha hai na, woh ab ek naye level par pahunch gaya hai. Market ab mature ho raha hai. Duniya mein jo political tension aur trade policies mein changes chal rahe hain, uske karan investors ab sirf capital lagane ke bajaye, company ke andar ghus kar operations ko sudharne par zyada zor de rahe hain. Aur yeh trend India mein sabse zyada dikh raha hai.
Deal Count Badhi, Lekin Value Kam?
Asal mein, 2025 mein Asia Pacific mein PE deals ki count 5.4% badhi thi, jo pandemic se pehle ke level se bhi upar hai. Lekin surprise yeh hai ki overall deal value 14% tak gir gayi hai 2024 ke comparison mein, wapas 2022 ke level par aa gayi hai. Yeh sirf ek coincidence nahi hai, bhai. Iske peeche do bade reasons hain: pehla toh valuations ko lekar pressure hai, yani companies ki keemat aasmaan nahi chhoo rahi, aur dusra, bahut bade-bade 'mega-deals' ab bahut kam ho gaye hain. Kahi reports toh total deal value mein 8% ki girawat dikha rahi hain.
In-House Teams Banane Ka Trend
Is market reality ko samajhte hue, bade PE funds ab apni dedicated in-house operating teams bana rahe hain. India mein toh lagbhag 50% major funds ke paas ab aisi teams hain! Yeh sirf paisa lagane wale nahi hain, yeh toh 'business builders' ban rahe hain. Inka kaam hai company ki performance ko actual mein improve karna – revenue badhana, cost kam karna, technology upgrade karna, ya business model ko hi change kar dena. Ab returns generate karne ka yahi funda hai, kyunki deal multiples kam hain aur borrowing bhi mushkil hai.
Regions Ka Haal Aur India Ka Outlook
Baki regions mein situation thodi alag hai. Japan mein deal value aur count dono badhe, thanks to corporate governance reforms. Lekin Southeast Asia mein deal value 43% tak gir gayi. China ko bhi trade aur regulatory issues se dikkat ho rahi hai. India ka PE/VC market bhi 2025 mein thoda slow dikh raha hai, shayad 2019 ke baad yeh sabse kamzor saal ho sakta hai, global uncertainty aur US tariff policies ke karan. Lekin phir bhi, India mein global PE firms local teams bana kar majority stakes le rahi hain aur operations sudhar rahi hain.
Naye Risks Aur Aage Ka Raasta
Ab yeh jo operational focus badha hai na, uske apne risks bhi hain. Agar yeh teams complex operations manage karne mein fail ho gayin, ya changes laane mein mushkil hui, toh paisa doob sakta hai. Holding period badh sakta hai. IPO market bhi 2025 mein kaafi countries mein band tha, toh exit karna bhi challenging tha. Geopolitical tensions aur changing trade policies bhi uncertainty badha rahe hain. Competition itni hai ki acchi companies kharidne ke liye zyada paise dene pad rahe hain. AI ka use bhi badh raha hai deal evaluate karne aur value create karne mein. Aage wohi firms successful hongi jo operations se real value dikha payengi aur risks ko achhe se manage kar paayengi.