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Indian Private firms outperform their public-listed MNCs!

Indian private sector firms have outperformed their public-listed multinational counterparts over the last five years.

An ETIG analysis of financial performance of listed subsidiaries of MNCs in India vis-a-vis that of privately-managed local firms show that it is the Indian companies who have grown faster both in revenues and profits. This implies desi firms have been ahead in taking advantage of the turbo-charged growth in the Indian economy.

Over FY03-08 period, while Indian companies have recorded more than 22.5% compounded annual growth rate (CAGR) in revenue, the group of MNCs could manage only 17.4%. The study shows that the difference in the growth rate of bottom line is even greater with Indian firms recording 43% growth compared to just 26% for the MNC arms.


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