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Saboo Founders Jobs
Industry : Engineering
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Industry : IT- Hardware
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Fulfilling social responsibilities
Hero Cycle's story began when India was struggling to face a new world. Since then India's economic growth has been remarkable. And Hero Cycles has contributed in its own way. Today, Hero Cycles has grown to become the world's largest bicycle maker. From a small company in 1956 at Ludhiana which started manufacturing 25 cycles a day, the Hero Cycles has become a Rs.1,000 crore conglomerate, producing 18,000 cycles a day. There are many reasons that have contributed to this spectacle, but the most important is the will and determination of its founders - The Munjal Brothers -
Apax looks to take control of Patni for $800 million
UK Investor in Fray with Other PEs, IT Firms
UK-BASED private equity major Apax Partners is learnt to be interested in picking a controlling stake in Patni Computers Systems for over $800 million. Sources dose to the development said two mid-tier Indian IT companies and some private equity (PE) funds are also in the fray.
These moves come as Gajendra and Ashok Patni, who are co-founders and together own 28% stake in the Mumbai-based company, are looking to exit. PE firm General Atlantic too is looking to sell 16%.
When contacted by ET, Apax
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