Kolkata-based Ganesh Grains, a company engaged in manufacturing and marketing of branded food staple, on Tuesday announced that it has got a private equity investment of Rs 100 crore from Motilal Oswal. With this, Motilal Oswal has become a ‘significant minority shareholder’ in the company. In general, the PE firm typically picks up 20-40 per cent stake in companies.
In the last ten years, Motilal Oswal has invested in close to 23 company, of which half are either family-owned or first-generation enterprises. However, what makes Ganesh stands out is its roots in the bylanes of Barabazar in Kolkata, the home of many Marwari enterprises. However, not many small or mid-sized family enterprises from the east have opted for private equity investment to bring an essence of professionalism in the company.