I would like to express my appreciation of the work done on the publication, Venture Capital and Private Equity guide for India 2004-05. The completion of this challenging research program has undoubtedly been a difficult but rewarding task for the authors. This guide has dealt deftly with the paucity of information available on venture capital and private equity, through the process of an exhaustive research study. High-growth ventures are today emerging as economic power houses in India, generating thousands of jobs, diffusing technological knowledge, and creating a culture of modernization that has multiple effects through every type of business organization. I am confident that this publication will not only be particularly useful to practitioners in this sector, but of great interest to researchers.

As more and more venture capital and private equity players are looking at India as a market for fresh investments, this publication will be a source document for investors and entrepreneurs alike. This book will help the leader of a high-tech start-up improve his or her odds of success. The intricate profiling of the numerous venture capitalist companies is functional for entrepreneurs in analyzing the techniques their managements use to start, finance, value, and launch a new business. Likewise, it also aims to help the corporate venture capitalist evaluate start-up candidates for acquisition, as well as the new start-ups that are emerging. The book will thus enable entrepreneurs to evolve a strategy which will let them acquire funds from the most suitable venture capital and private equity company, as also letting VC firms receive more focused business proposals concerning their particular arena.