M&A Magazine

Thomas Cook (India) Ltd. (TCIL) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business. Thomas Cook is promoted by Fairfax Financial Holdings Limited through its wholly-owned subsidiary, Fairbridge Capital (Mauritius) Limited and its controlled affiliates which holds 67.61%. Quess Corp Limited (Quess), established in 2007, is India’s leading integrated business services provider and is engaged in providing services in the fields of Industrial Asset Management, Integrated Facility Management, Human Resource Services, Global Technology Solutions and Internet Business. Based out of Bengaluru, Quess today has a presence in North America, the Middle East and South-East Asia. Travel Corporation (India) Limited (TCI) is engaged in the business of handling inward foreign tour...

Bharti Infratel , incorporated on November 30, 2006, is India's leading provider of tower and related infrastructure and it deploys, owns and manages telecom towers and communication structures for various mobile operators. The company has a consolidated portfolio of over 91,000 telecom towers which includes over 39,000 of its own towers and the balance from its 42% equity stake in Indus Towers. The three leading wireless telecommunications service providers in India by revenue -- Bharti Airtel, Vodafone and Idea Cellular -- are the largest customers of Bharti Infratel. The company has market share of 9.8% and in terms of company Co locations 11.6%. Indus Towers is an independently managed company offering passive infrastructure services to all telecom operators and other wireless services providers such as broadband service providers. Incorporated in November 2007, Indus Towers Limited has been promoted under a joint venture between entities of Bharti Infratel Limited Voda...

MERCK LIMITED (MERCK INDIA) , formerly E. Merck Limited, was set up in India as Merck’s first Asian subsidiary in 1967.  The company operates both its pharmaceuticals and chemicals businesses in the country.  Merck was also the first Merck Group Company to go public in the year 1981. The company, as of June 2013, has nearly 1550 employees across its Corporate, Pharmaceuticals and Chemicals business with its manufacturing plant in Ponda, Goa commenced in 1983. Spread across nearly 150,000 sq. m., it has facilities for pharmaceutical as well as chemical manufacturing. In addition to manufacturing injectables and soft gel capsules, Merck India is also the largest manufacturer of Vitamin E in the country. The biopharma, performance materials and life science (BPL) business of the Company, whose operations solely comprise of (i) the manufacture and trading of prescription medicines for the treatment of cardiovascular disorders, diabetes and thyroid disorders; (ii) trading of ...

To order to bring in efficiency in the functioning of loss-making public-sector banks (PSBs) , the government is considering merging at least four such banks because of rising bad loans. The four banks are Oriental Bank of Commerce, Bank of Baroda, Central Bank and IDBI Bank with a combined loss of Rs 21,646 crore in FY18. In fact, barring Bank of Baroda, all the three banks are under Reserve Bank of India’s Prompt Corrective Action, a mechanism to maintain sound financial health of the banks. If any bank comes under the RBI’s Prompt Corrective Action, it cannot distribute dividends, remit profits and disburse fresh loans. Between the four banks, their gross bad loans or non-performing assets add up to nearly Rs 1,75,000 crore. Even Bank of Baroda, which is not under RBI’s Prompt Corrective Action, made a loss of Rs 3,342 crore in March 2018. Also, IDBI Bank has a gross NPA of over Rs. 55,000 crores at last count, which constitute 28 per cent of its total advances. This means mo...

S Chand and Company Ltd (S Chand) is a listed public limited company, engaged in the business of publishing educational books with products ranging from school books, higher academic books, competition and references books, technical and professional books and children books. The market cap of the company is Rs 1,273 crore. Blackie and Son (Calcutta) Pvt Ltd (Blackie) is a private company and is a WoS of S Chand. Till year ended March 31, 2016, the company was primarily engaged in sale of its own books to S Chand Group. However, from FY 2015-16, the company is earning income by way of royalty. Nirja Publishers and Printers Pvt Ltd (Nirja) is a private company, engaged in the business of manufacturing paper and paper products, publishing, printing and reproduction of recorded media and is a WoS of S Chand. DS Digital Private Ltd (DS Digital) is a private company, engaged in business of providing digital education services and is a subsidiary of S Chand.   Safar...