Bain & Company has announced plans to open a new office in Bengaluru to drive growth in Asia's third largest economy. Bain India is one of the fastest growing offices in the 34 nations in which Bain operates and will now be the largest office in Asia in terms of employee strength.
Bain's new Bengaluru managing director (MD) Arpan Sheth and India MD Karan Singh told Mint that they are very confident in the business climate in India, even as global markets remain turbulent. Internet companies in particular have drawn huge investor interest in India, with a large portion of venture capital being poured into web technology and e-commerce firms."There is a fundamental shift in the economy in India. It is a long-term shift in how the consumers spend in India, how the consumers have their needs met," said Sheth, who also leads Bain's Asia-Pacific Information Technology practice.