| Deccanet was at a crossroad by the summer of 2001. In
March, the company had reported a loss for FY-2001 and
the finance division was expecting more losses in FY-2002.
Globally, the telecom industry was in crisis, and Deccanet
was having difficulty collecting receivables from various
clients, especially those in the U.S. |
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| "Deccanet Designs has been through hell and back,"
read the company's historical summary in early 2004. It
had gone from start-up with three employees in 1994 to
a multifaceted, telecom hardware and software design firm
with a valuation of over $11 million a decade later. Deccanet
Designs has been bought over by Flexitronics |
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| Saraf Foods Limited, Baroda |
| In August 1999, Vishnu Varshney, head of Gujarat Venture
Finance Ltd. (GVFL), a venture capital firm in the state
of Gujarat, India, was assessing the investment of GVFL
in Saraf Foods Ltd. Saraf Foods was a producer of freeze
dried vegetables for export. |
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| |
| In February 2004, after eleven turbulent business years,
Suresh Saraf contemplated the proposal he would make to
his buyers during the forthcoming eleventh anniversary
celebration. Both buyers had remained extremely loyal
to the company. |
