Seshadri

Ms. Seshadri told Dow Jones Newswires that optimism from business owners was typically the first step to a recovery.

Small-Business Optimism Increases John Kell 2011

Ms. Seshadri said as sales pick up, small-business owners will start investing in growth initiatives and hiring, although when that will happen is hard to predict, as many remain cautious about the recovery and higher prices.

Small-Business Optimism Increases John Kell 2011

Seshadri started his second attempt after the global financial crisis that led to a slump in India, expecting the pickings to be substantial.

Distressed Asset Funds Find Little Traction Divya Guha 2011

Ms. Seshadri told Dow Jones that while the cost of running a business is going up, owners are cautious about raising prices as demand just begins to recover.

Small-Business Optimism Increases John Kell 2011

Recent market fluctuations, with some companies declining sharply in value, don't enthuse Seshadri enough to make a third attempt.

Distressed Asset Funds Find Little Traction Divya Guha 2011

This was Seshadri's second attempt; the first time was after he had set up Halcyon in 2004, initially investing proprietary capital until 2006-end, when he closed his first fund with $300 million.

Distressed Asset Funds Find Little Traction Divya Guha 2011

"Most of these companies managed to extricate themselves from problems because they were able to raise money in the public markets, even if it meant they continued to underperform," Seshadri said.

Distressed Asset Funds Find Little Traction Divya Guha 2011

Hemachandran Seshadri , chief executive of JGI Ventures, said management courses in India typically charge 1.4 to 1.8 million rupees, while floating a company requires another 1 million to 2 million rupees, adding up to the iDEA course fee or more.

JGI Ventures Floats Start-Up Fund Deepti Chaudhary of Mint 2011

"By early June 2010, I had stopped looking at raising the fund," Seshadri said.

Distressed Asset Funds Find Little Traction Divya Guha 2011

But that's not the experience of Narayan Seshadri , founder of the Halcyon Group, and known for buying and turning around troubled companies.

Distressed Asset Funds Find Little Traction Divya Guha 2011