The collapse of the big guns of global financial services sector could well turn out to be a gain for the private equity (PE) industry in India. Thousands of professionals who were employed by these firms will now be chased by the PE firms, which are already facing an acute shortage of skilled professionals. At present there are over 366 PE firms in India while three years ago the number stood at around 100. The industry witnessed a robust growth in the last few years with investments going up from $2 billion in 2005 to close to $17 billion in 2008. […]