The $2.5 billion Apollo-Cooper marriage was called off before they could say ‘I do’. Both parties are aggrieved, and everyone, it seems, is to blame. Together, they would have become the 7th largest tyre company in the world. But, as this reconstruction of events indicates, they let the roadblocks puncture that ambition
By harnessing opportunities ignored by its bigger competitors, Micromax has emerged as a serious challenger in the mobile phone market. But now that the gaps are disappearing, can it create newer markets as well?
In 2006, Yogesh Mahansaria was turfed out of the business he had built, Balkrishna Tyres. That’s when PE player Warburg Pincus took him on board to give him a second crack at success. Seven years on, with Alliance, he has come back with a bang. And Warburg is counting its shekels