Catching up, Fast

Safari Industries’ portfolio overhaul has enhanced both its market position as well as profitability. As it gains scale the prospects only seem better

Soumik Kar

In 2014, private equity deals in India crossed the $15 billion-mark. After hitting a three-year low of $8.85 billion deals in 2012, private-equity investments were at a seven-year high. That’s when the story of a luggage company that was the target of a takeover bid by one of the top three global PE firms started to unfold.