A Merger to Remember
By Ravi Todi, an EO Kolkata member and managing director of Magma Fincorp Limited
With every merger, there comes a variety of new experiences and lessons learned. That certainly was the case with my company, Shrachi Limited. In 2007, we were passing through a critical phase. We had to manage both our growing business and the stiff competition. Unfortunately, we had limited capital and human resources. Because of our limited capabilities, we considered putting our merger aside. Instead, we trudged along, searching for a partnership and the means to move our vision forward.