Take long-term view to serve the next billion: Amit Chandra to Indian firms

Chandra, Managing Director at Bain Capital Private Equity, says Tata and Reliance have followed that approach saying that they will take a long-term view and serve underserved customers

At a time when global technology behemoths such as Google, Facebook and Amazon are increasingly making long-term bets to serve India’s underserved, their Indian counterparts are unwilling to take a similar view due to lack of immediate returns. AMIT CHANDRA, Managing Director at Bain Capital Private Equity, in an interview with Alnoor Peermohamed says that Indian companies and entrepreneurs should not miss the opportunity to solve problems of the next billion even if they don’t make as much money when they serve the top and middle of the pyramid. Edited excerpts:

You say that there’s no lack of money to