ChrysCapital no fair-weather friend to Intas
Back in 2005, the principal concern for much of India’s rural population was where their next meal was going to come from. Over the past seven years, however, the spoils of rapid economic growth have trickled down through the social strata. Rural residents have sufficient disposable income and – for the first time – they are spending money on healthcare, says Sanjiv Kaul, managing director at ChrysCapital.
This extension of pharmaceuticals market to encompass a broader range of customers has been instrumental in delivering annual growth of 15-16%, a marked increase on the 8-9% expansion of up to six years...
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