Poised to invest Rs 24,415 crore in smaller enterprises Small and Medium Enterprises (SMEs), to which most banks are chary of lending, are being actively wooed by private equity (PE) investors. According to industry representatives around 70 per cent of the PE investment that came into India last year was invested in SMEs. PE funds are poised to invest an estimated Rs 24,415 crore ($5 billion) in Indian SMEs, they added. In the PE context, companies with revenues in the Rs 50-500 crore range have been categorised as SMEs. […]