 "avendus")
Home-grown financial services firm Avendus Capital, which grew to become a firm with Rs 250-crore annual revenue in about 17 years, has now set a target of Rs 1,400-crore in the next five years. The new growth ambition is fuelled by global PE giant KKR & Co which reportedly invested about $100 million (Rs 660 crore) in Avendus in February to get a 60% stake through infusion of fresh capital (Rs 460 crore) and purchase of stake from some early investors.
But a five-time growth in five years could be an ambitious target. Avendus is expecting around 60 per cent
