Medical equipment biz a focus area for Vivek Paul

The technology intensive medical equipment business which has a huge global potential will be one of the focus areas for Vivek Paul in his new role as the venture capitalist and private equity partner at the Texas Pacific Group.

"I have worked with GE's medical equipment business for quite a while and I would like to leverage that knowledge and experience in my new role of nurturing business," Vivek Paul said.

He added that in addition to this sector, there are a whole lot of areas which he will be looking at but he would not like to have a India specific fund.

According to industry sources, it is learnt that Vivek Paul is also expected to fund the BPO plans of Raman Roy. However, Paul declined to comment on this topic.

Speaking about his new role at TPG, which has close to $20 billion of assets under management, Paul said: "I am getting into this private equity field with a totally fresh mind and will attempt to bring my experience from various fields to help budding entrepreneurs."

He was speaking at an interactive session with management students at the M S Ramaiah Institute of Management in Bangalore.

On successful traits of business managers and entrepreneurs, he said that they should be ready for aggressive commitments, should be agile, have the desire to surpass global standards, the willingness for continuous adaptation and a keen sense of anticipating the future.

"When I moved on from GE to Wipro, I had no idea what I was getting into and how the outsourcing phenomenon would pan out. But I could sense that outsourcing will be the future and it has paid off to a large extent," Paul said.

He added that intensive hard work and the ability for active listening are the other traits one must inculcate to move ahead in one's career.

"One should have a strong commitment to work in teams and the willingness to accept wrong decisions and change course fast, which is pretty critical in today's competitive business scenario," Paul highlighted.